A JPG File Sold for US$69.3m Worth of Cryptocurrency – The Buyer Was Not Justin Sun, Contrary to Speculations | Auctions News | THE VALUE

A JPG File Sold for US$69.3m Worth of Cryptocurrency – The Buyer Was Not Justin Sun, Contrary to Speculations | Auctions News | THE VALUE

If you ever wondered who would spend millions of dollars on a JPG file, someone just did yesterday and dropped nearly US$70m on a digital artwork – but Justin Sun, founder of cryptocurrency platform TRON and CEO of BitTorrent Inc, was not the buyer.

Christie’s first-ever auction that accepts cryptocurrency, proved to be more than a tremendous success, but a history-making moment when one of the 33 tech-savvy bidders eventually took home the cryptoart titled Everydays: The First 5000 Days. The work is crowned as the most expensive non-fungible token (NFT) art ever sold at auction and Beeple, the creator of the artwork, is now the third most valuable living artist, trailing…

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