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The world's first digital painting sold for $ 70 million

On Friday, auction house Christie's unveiled the identity of a buyer of $ 70 million in digital artwork that has filled the world.


The house said, according to Al Hurra, that the buyer uses the pseudonym "Metacovan" and is an investor in cryptocurrencies.


The auction, by American artist Mike Winckelman, is the first of its kind for a digital work that does not exist in physical form, being offered by a major auction house.


The work has been validated by the blockchain, confirming its authenticity and ownership, in a new type of digital asset.


 The company said in a statement that Metacovan, whose real name has not been revealed, is the founder of Metaphores, the largest non-issuable digital asset fund.


The work titled "Everyday - The First 5,000 Days" is a collection of 5,000 individual images, each created by computer on a daily basis over a period of more than thirteen years.


The work sold for $ 69,346,250 which Metacovan paid in cryptocurrency.


The work included the American artist in the list of the three best living artists.