The central theses
- TRON founder and CEO Justin Sun bought one of TIME Magazine’s NFTs for more than $ 200,000 at ETH.
- The cover in question is 1965 “The Computer In Society”.
- In the past few weeks, Sun has also bought Beeple’s “Green” NFT, a Warhol, and a Picasso for its NFT fund.
Share this article
TRON founder and CEO Justin Sun announced today that he has placed the winning bid for one of TIME’s non-fungible tokens.
TRON Leader wins NFT time
On March 22nd, TIME Magazine announced a series of three non-fungible tokens (NFTs) covering the 1966 “Is God Dead?” Topic. Home page. In the days that followed, the magazine auctioned six more covers.
Although the original covers were once mass-produced, each tokenized digital version is unique.
Sun specifically bought the NFT token that corresponds to the cover of the April 2, 1965 issue of TIME entitled “The Computer in Society” and drawn by Boris Artzybasheff. Sun paid more than $ 200,000 at ETH for the item when its auction ended on Wednesday.
TIME created its NFTs on the Ethereum blockchain through the blockchain company Superrare. However, Sun says it will put the token in its own NFT fund and issue it as a token on the TRON blockchain. This means that the NFT will be auctioned again soon.
The rest of TIME’s NFT collection is owned by three other buyers: Adelia.arte founder Amir Soleymani, 3F Music founder Farzin Fardin Fard and Metapurse acquisition manager Veritas Kami.
Other NFT purchases from Sun.
Sun has won a number of NFTs to date. On March 23, he announced that he had bought Beeple’s “green” NFT art.
On March 29, Sun announced its own NFT fund that will focus on the purchase and tokenization of works of art valued at a minimum of $ 1 million and an average value of $ 10 million.
Sun announced yesterday that it had purchased a Picasso and a Warhol painting. Although published on April Fool’s Day, the news seems legitimate: the sale of these paintings was confirmed yesterday by Bloomberg with testimony from Christie.
At the time of writing, this author owned less than $ 75 in Bitcoin, Ethereum, and Altcoins.
Justin Sun launches NFT Fund and coins Beeple on TRON
Justin Sun, one of the most controversial figures in crypto, has his sights set on the NFT market. Justin Sun launches ONLY NFT Justin Sun, the founder of the TRON blockchain, is …
Who is Justin Sun? The entrepreneur behind TRON
Justin Sun, the 29-year-old entrepreneur behind Tron, was a controversial figure in the crypto industry and often generated mixed reactions to his publicity stunts and openness on social media. Yet,…
What is tron Introduction to TRX
What is tron Tron (TRX) is a blockchain platform that was introduced as the basis for a decentralized entertainment ecosystem. Tron was created by the controversial character Justin Sun and is focused on expanding the market …
What are non-fungible tokens (NFTs)?
Tokenization works well for commodities like fiat currencies, gold, and physical land. By displaying a fungible asset on the blockchain, goods can be traded around the clock via limitless and smooth transactions. Fungible goods are …