Ethereum’s EthBoy NFT Makes History
Ethereum co-founder Vitalik Buterin’s digital painting, “EthBoy,” was sold for 200 ETH, equivalent to $392,308. The sale reflects the ongoing interest in unique digital assets and the evolving dynamics of the NFT market.
Originally created by Trevor Jones and the late Alotta Money, “EthBoy” first made headlines in November 2020 when it sold for 260 ETH, around $140,000. This week’s resale significantly surpassed the initial amount, showcasing the fluctuating yet potent value of NFTs.
The new owner of “EthBoy” chose to honor the 10% creator royalty, amounting to 20 ETH or approximately $39,230.
This gesture underlines a continuing respect for creator rights despite bearish trends in the broader crypto market. Additionally, “EthBoy” was structured to share a third of its creator fees with its first owner, MaxStealth, in perpetuity.
MaxStealth will receive over $13,000 in ETH as their share of the creator fee, in addition to the base revenue from the sale.
(With inputs from Shikha Singh)
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