Cryptocurrencies

Crypto Luminaries Auction NFT ‘Art’ for Charity

British startup Cryptograph launched this summer with its first round of auctions, raising more than $50,000 so far, with two days still to go.

  • Prominent crypto developers and entrepreneurs including Gitcoin CEO Kevin Owocki, ShapeShift CEO Erik Voorhees and Parity co-founder Jutta Steiner auctioned digital autographs and notes related to their work. The digital doodles are used to generate non-fungible tokens (NFTs).
  • The top earners so far include Ethereum creator Vitalik Buterin (whose notes sold for 77.35 ether (ETH), or roughly $18,719), Ethereum Foundation researcher Vlad Zamfir (25 ETH, roughly $6,050) and Tezos co-founder Kathleen Breitman (5 ETH, roughly $1,204).
  • According to Buterin’s auction page, the autographed NFT includes his own “hand-drawn representation of this groundbreaking Quadratic Funding formula.” The bid for his digital autograph will go towards Gitcoin’s open-source grant programs.
  • Ownership of the autographs, displayed in a virtual gallery, is publicly verifiable. Plus, contributors will be able to distribute funds across multiple charities.

Read more: Devcon Shows Ethereum’s ‘World Computer’ Is a Movement, Not a Product

Correction (July 14, 21:08 UTC): Vitalik Buterin’s notes raised 77.35 ETH, not 40 ETH as was previously reported.

Related Stories

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Cryptocurrencies Videos

CoinDesk

CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space. Founded in May 2013, CoinDesk reaches millions interested in blockchain technology thru its website, social media, newsletters, podcasts and video. CoinDesk created the original reference rate known as the Bitcoin Price Index which is widely sourced in the media including The Wall Street Journal, Financial Times, CNBC and many others on a daily basis.

Learn More