Entertainment NFT: A French artist hopes to break the world's most expensive digital work record

18:30  11 june  2021
18:30  11 june  2021 Source:   lefigaro.fr

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Fred Forest, 87 ans, met en vente une nouvelle version de l'œuvre qu'il avait vendue à l'Hôtel Drouot, il y a plus de vingt ans. © Philippe Desmazes / AFP Fred Forest, 87, sells a new version of the work he had sold to The Drouot Hotel more than twenty years ago.

True craze or speculative bubble? After the sale of a Michelangelo digital painting at 140.000 euros in May , then of a character made of pixels for $ 11 million, on June 10 , this new madness of digital objects is not Near to stop. Thursday, the Cartier Foundation announced that the French artist Fred Forest was going to sell a digital work for an amount of 69.3 million + 1 dollar with the hope of breaking the most expensive NFT record in the world.

Title NFT Archeology , the work uses, as its name indicates, the NFT, non-fungible Items method, or non-fungible tokens in French. These are digital objects based on " blockchain " technology, which allow for the possession of virtual works. In concrete terms, this means that the purchaser buys for a certain price a digital file whose access is strictly reserved. Digital asset acquired is rare, sometimes unique, making it worth it. NFT works can reach pharaonic sums.

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on March 11, The artist Beeple alias Mike Winkelmann beat the world's most expensive NFT record, thanks to her digital collage EVERYDAYS Auction at Christie's. The latter then flewed at the head of the third most expensive work of the story sold by a living artist. "

The challenge is to dethrone Beeple " and that's the record that attempt to beat Fred Forest: "

The challenge for me is to dethrone Beeple. It is a game that makes sense in the middle of art , "said the AFP the 87 year old artist. It has therefore set the price of $ 69.3 million + 1 dollar (48.1 million euros), or a dollar more than Beeple's collage. A sacred challenge for this French artist, pioneer of multimedia art. More than twenty years ago, he had put on sale at the Hotel Drouot, in Paris, his virtual work plot / network . It was then a world first. The work had been lost as a result of a seizure and destruction of the computer of its owner, which had made bankrupt. But Fred Forest was able to reproduce it and modify it slightly to create his NFT Technology .

This option of Gré will start by a week on the OpenSea platform, said the artist, stressing that he will not accept an offer below that amount. A painting that presided over the creation of the work and a letter to the future owner complete his

NFT Archeology . Fred Forest explained that if his work was sold, the product would finance his project, " the artistic square meter " which puts lawyers, developers, technicians serving artists.

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