Singer Grimes is more than just a singer: She recently launched and, within minutes, sold her digital art collection for $5.8 million.
The art collection was titled ‘WarNymph’ and released on February 28, and sold for $5.8 million (Rs 424,891,760). The 10 artworks on the block were auctioned off within 20 minutes, reports The Guardian.
On Grimes announced the sale of her crypto art on Twitter via non-fungible tokens or NFTs on the Nifty Gateway platform. NFTs, which operate as a unique type of digital asset or token, have contributed to the crypto-art market which is valued at over $100 million, as per the report.
Among the pieces sold, was an image of a baby guarding Mars which traded at $300,000 in under 10 minutes and has been relisted as ‘Newborn 2’ for $2.5 million, the report added. There is online speculation that the bay was a representation of Grimes and Tesla CEO Elon Musk’s baby, though Grimes described the baby in the artwork as “the Goddess of Neo-Genesis”.
The collection had a total of 10 artworks, produced in collaboration with Grimes’s brother Mac Boucher. Two of the works, short video pieces called Earth and Mars, were made available as large editions at a fixed price of $7,500 (£5,400), and each sold about 300 copies in the 48 hours they were on sale, reports The Guardian.
The artwork includes images of a baby with wings in space, and some pieces are set to new music from Grimes. The piece “Earth” features the unreleased song “Ærythe”. The piece “Mars” has the “Mars Theme”, and “Death of the Old” contains a demo of “Anhedonia”. Grimes sold her last art piece, “Death of the Old,” on Monday for nearly $400,000.
All the pieces were sold as NFTs, a branch of the cryptocurrency sector that allows for artworks and other media to be “tokenised” and sold through similar mechanisms to digital assets such as bitcoin. Recently, a rare digital gif version of Nyan Cat also sold for $500,000.
Grimes plans to give a portion of the proceeds to Carbon 180, a nonprofit organisation focused on reducing carbon emissions, reports Indian Express. Her boyfriend, Elon Musk has also advocated for reducing carbon emissions, and even announced a prize for best Carbon Capture Technology’.