2 min reading
Paris Matchconsidered one of the best sources for photojournalism, plans to auction off some of the most iconic photos from its archives as non-fungible tokens.
Receive notifications of the latest news, articles and much more!
Continue
Paris Match auctions 75 NFTs created on Ethereum
The French weekly news magazine said the auction, which began on Monday, will have 75 NFTs for sale, all created in Ethereum (CRYPTO:ETH), the blockchain known for hosting some of the world’s largest collections such as CryptoPunks and Bored Ape Yacht Clubas reported by Decrypt.
Some photos selected for Monday’s auction included The Rolling Stones, Jack Nicholson, Orson Welles and John Travolta. Also included were news reports on historical events such as the Berlin Wall.
The initial bid for the photos started at 0.3 Ether, which is equivalent to $1,032.80 at the time of writing. In addition to the NFTs, owners will also receive physical prints of the photos.
As with other assets in this category, Paris Match NFT owners will have full digital licensing rights to the photos.
You can also read: 5 stocks in focus this Tuesday: PDCO, JELD, KBH, SIGA, CRMT
Galaxy Digital tokenizes historic violin
The development coincides with a rise in the desire to convert entities with important historical and artistic significance into NFTs.
Earlier this month, digital asset investment firm Galaxy Digital announced the tokenization of a nearly 300-year-old vintage violin that belonged to Russian royalty. The tokenized version was used as collateral for a loan.
Global NFT sales volume increased 45% to $19.25 million in the last 24 hours, according to CryptoSlam. The total number of sales increased by 11% to 193,714.
Ethereum recorded the highest sales at $7.19 million, followed by Polygon (CRYPTO:MATIC) and Bitcoin (CRYPTO:BTC).
Photo courtesy of Pixabay
You can also read: Analysts see opportunities in Dogecoin, Shiba Inu and XRP
For more updates on this topic, activate Benzinga Spain notifications or follow us on our social networks: x and Facebook.
Receive exclusive information on market movements 30 minutes before other traders
Benzinga Pro’s 14-day free trial, available in English, gives you access to exclusive information so you can receive useful trading signals before millions of other traders. CLICK HERE to start your free trial.
