Sunday, June 22, 2025

No Result

View All Result

Home
Crypto
- Bitcoin
- Ethereum
- Altcoins
- DeFi
Web 3

IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

Enhancing Security in Online Gambling with Blockchain Technology

Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

The Future of Gambling: How Casino Sites Are Leveraging Web3

The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032
Metaverse

Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

Experience to Earn: Everdome’s Metaverse Frontier

Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

Carrieverse and Disney Ink Content Deal

SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

Somnia Launches Playground App to Empower Metaverse Creators
NFT

NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

Matt Furie NFTs Crater 97% After Mint Exploit

Rekt Is Reaching the Masses

FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

Pudgy Penguins Joins Lufthansa for Real Travel Rewards
Gaming

How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

Animoca Brands partners with Cross the Ages to support the launch of blockchain game

IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

Crypto Casinos Made Over $80 Billion in 2024

A16z-backed Spekter Games founder shares Telegram gaming ethos

How Mobile Apps Are Quietly Adopting Web3 Tech

Location-Based Gaming NFTs: How GPS and Blockchain Are Changing the Way We Play
Blockchain

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

LFG Boosts Token Launches with Community Power

Polyhedra Network launches Proof Cloud in open beta

It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

SoonVerse Partners with Arris to Enhance User Experience

Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem
AI

Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

ETH Daddy Discusses Ethereum and AI

How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

UAE emirate launches new free zone for digital assets, Web3 and AI
Guides

A Step-by-Step Guide for Beginners

Long and Short Positions in Crypto Explained for Beginners

What Is Fully Diluted Valuation (FDV) in Crypto?

What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

What Is Crypto Staking? How to Earn Crypto by Holding It

What Are Liquidity Pools? A Guide to DeFi Explained Simply

What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

What Is Asset Tokenization? Types, Why It Matters Now [2025]

Key Innovations, Challenges, and What Comes Next
Analysis

Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers
Coin Marketcaps

No Result

View All Result

No Result

View All Result

Home NFT

Someone Just Paid $400K for This Ethereum NFT of Vitalik as a Jester

November 17, 2023

in NFT

433

Someone Just Paid $400K for This Ethereum NFT of Vitalik as a Jester

585

3.2k

VIEWS

Share on Facebook Share on Twitter

An NFT painting of Ethereum co-founder Vitalik Buterin dressed as a jester has sold for 200 ETH, equivalent to $392,308 at the time of sale, on the secondary market—injecting another glimmer of hope into the long-sluggish NFT ecosystem.

NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

Matt Furie NFTs Crater 97% After Mint Exploit

The digital painting, a one-of-one NFT titled “EthBoy” made by the crypto artists Trevor Jones and the late, pseudonymous Alotta Money, broke records when it first sold at auction in November 2020 for a whopping 260 ETH, making it at the time the most expensive NFT artwork ever sold. Based on fluctuations in the price of ETH over the intervening years, though, the value of that sale—about $140,000 at the time—pales in comparison to that of this week’s resale.

When “EthBoy” was first minted, it entered an NFT ecosystem very different to today’s. Crypto art and PFP NFTs consistently broke sale records on their ascent to the eventual crescendo of the 2021 NFT bull run.

Critically, also, the novel medium was so eagerly embraced by traditional artists like Jones (a painter by trade), due to its prioritization of creator royalties—fees, typically between 2.5% and 10%, that were then mandatorily tacked on to any secondary sales of an NFT, and given to the piece’s creator.

Gm! Ethboy just sold on secondary for 200 ETH! 🤯 pic.twitter.com/QpqoBu2RTM

— Trevor Jones 🎨 (@trevorjonesart) November 16, 2023

In the last year, creator fees have become the focal point of an escalating crisis in the struggling NFT ecosystem. Once considered a key incentive for artists enforced by all major NFT marketplaces, the fees have now become optional at major platforms like OpenSea, which have struggled mightily to attract customers and keep revenue steady amidst the current bear market.

Though “EthBoy” was sold this week via the OpenSea marketplace, it does appear that the NFT’s new owner opted—of their own accord—to pay the work’s creator fee, despite not being obligated to do so. The 10% creator royalty of 20 ETH, automatically paid to Async Art, the platform that coordinated the piece’s creation, constituted what’s essentially a $39,230 tip.

Check Your Wallets: Your NFTs Might Not Be So Worthless Anymore

When “EthBoy” was first minted, its creators—then intent on demonstrating the unique selling points of on-chain art sales—committed to sharing one third of creator fees generated by the artwork’s future sales with the piece’s first buyer, in perpetuity.

That first owner, the pseudonymous MaxStealth, has held on to “EthBoy” since 2020. In addition to the base revenue they collected yesterday from the work’s sale, they should thus also soon be receiving just over $13,000 worth of ETH as their portion of the creator fee. It’s an enticing, but potentially soon to be outdated, taste of the NFT art market’s economic potential.

Edited by Andrew Hayward