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Associated Press NFT Artwork Sells for $180K in Ether
The piece depicts a visual of the electoral college map from space using election data AP published on-chain at the time.
Updated Sep 14, 2021, 12:25 p.m. Published Mar 12, 2021, 5:05 p.m.
The Associated Press (AP) sold its non-fungible token (NFT) artwork Thursday for a hefty sum only eight days putting it up for auction.
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The artwork, titled “The Associated Press calls the 2020 Presidential Election on Blockchain – A View from Outer Space,” sold for roughly 100 ETH ($180,000), according to data from NFT marketplace OpenSea.
Marking the first time a U.S. election was called on the blockchain, AP used an Ethereum address to declare the winner via Everipedia’s OraQle software.
The piece of digital art is one of a kind, a 1/1 edition, depicting a visual of the electoral college map from space using election data AP published on-chain at the time.
Read more: Beeple NFT Sold for Record-Setting $69.3M at Christie’s Auction
CoinDesk originally reported on AP's NFT auction earlier this month when the price was sitting at around $928 in wrapped ether.
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The notable rise in value is in line with the recent NFT craze currently sweeping the cryptocurrency markets, with ether being the predominant medium of exchange among NFT marketplaces.
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