The world of cryptoactives never ceases to amaze and this time, in the framework of the Rare.af art festival, a rare pepe reached a new valuation record, since its sale audited during an auction was made in 350,000 pepe cash, equivalent about $ 39,000 on the day of the auction.
According to a publication on Reddit, the work was acquired by Peter Kell and exchanged for this important figure of Pepecash, a cryptoactive associated with the popular character and which serves as currency for the purchase of the rare pepes. It is one of the "7 unique rares on Earth".
"The most expensive Rare Pepe that was auctioned was auctioned live for $ 39,000 as well. We are speechless, "published by a Twitter account responsible for Rare Art Labs, creators of the RARE protocol, which helps the authentication of works through blockchain technology, one of the biggest attractions for collectors of this type of artistic creations.
The auction was held in New York and lasted about 2 minutes. The CryptoKitties were also present and a digital cat was auctioned for $ 22,000.
The rare pepe de Kell is a Homer Pepe, in which the renowned protagonist of the animated series The Simpsons, Homer Simpson, is appreciated with the green color characteristic of Pepe The Frog, with the background of the traditional clouds of the show's intro and framed in a letter that resembles those of Yugi-Oh, of Japanese animation. In addition, it also sports a legend that says "Wait a minute, I'm a Pepe!", And a rarity rated 1/1.
This record auction represents the growth of Rare Digital Art and how the implementation of blockchain has helped to monetize in an important way this contemporary artistic side, rooted in reality 2.0 and technological advances.
The Rare Digital Art is a movement to take Internet assets that previously have been able to copy infinitely (songs, memes, etc.) and convert them into interchangeable Blockchain assets. From "Rare Pepe Wallet" to the recent explosion of Crypto Kitties in mainstream consciousness, it is clear that weird digital art is more than a marginal movement experiment.
This is a case of "real and fully functional" blockchain use, according to the website, which has its own community and attracts more and more users. Rare Arts Labs promotes the movement of rare art, with which they seek to revalue the work of artists of this type of work.
The Rare.AF conference was held on Saturday, January 13 and brought together for the first time the creators of artistic projects related to blockchain, such as the RarePepe Wallet, the founders of CryptoKitties collectibles, Age of Chains and CryptoPunks and creators of the game of cards in blockchain Spells of Genesis.