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NFT project sells for $91.8m, debatably achieving the highest price ever for a work by a living artist
Thousands of collectors are staring at their digital wallets today, wondering how their investments in The Merge, an NFT (non-fungible token) by the pseudonymous artist (or artist collective) Pak, will mature. Sold from Thursday through Saturday in an open edition on the NFT platform Nifty Gateway, more than 28,000 buyers spent an eye-watering total of $91.8m to acquire 266,445 total units of mass (for those who did not join in on the sale, “mass” is analogous to “digital token” and allows for some interesting wordplay with the terms of the sale). According to Nifty Gateway that could make this sale the most expensive ever for a work by a living…