Sotheby’s sells first NFT that sparked a craze

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AFP

New York (AFP) – The first non-fungible token (NFT) ever created, the origin of a craze that is sweeping the art market, has gone on sale at Sotheby’s. “Quantum” is an octagon-shaped animation by New York artist Kevin McCoy. It became the first work to be associated with a NFT-type certificate of ownership in May 2014, three years before the term NFT was coined. An NFT is a digital object such as a drawing, animation, piece of music, photo, or video with a certificate of authenticity created by blockchain technology.  It cannot be forged or otherwise manipulated. Sotheby’s has no pre-sale esti…

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