Fintech company MoonPay just bought NFT World Of Women (WoW) during an auction by Christie’s on Tuesday. MoonPay was revealed as the mystery bidder behind the digital art piece.
The virtual Non-Fungible Token (NFT) artwork that was to be sold at the London Evening Sale was sold for £567,000 ($754,340). This is a rare piece from the World of Women (WoW) collection.
According to information, the winning bid of $754,340 places the NFT among the most valuable WoW items ever auctioned.
One of the reasons the #5672 is expensive because it has unique characteristics such as night goddess skin tone and tuxedo clothing.
Aside from the piece, the auction also sold pieces by world-renowned artists such as Keith Haring, Pablo Picasso, and David Hockney.
WoW’s NFT was not the most expensive NFT purchased by MoonPay.
WoW #5672 just sold for 567,000 GBP at @ChristiesInc London Evening Sale! 🤩
Thanks to everyone 🤵♀️ who witnessed this historical moment with us 😉 and welcome to the WoW fam to our new buyer! 💜 pic.twitter.com/sO6WPjzyAa
— World of Women (@worldofwomennft) March 1, 2022
World of Women Token Gets Attention
Moonpay paid $3 million for NFT CryptoPunk #2681 in January 2022.
The $3.4 billion cryptocurrency payment service firm paid 900 ETH (nearly $3 million at the time of sale) to buy a piece from the NFT CryptoPunks collection. Item CryptoPunk #2681, a zombie punk with a purple cap and strange blue eyes.
The NFT depicts personal qualities in a way that no prior NFT has.
MoonPay is a fintech startup that creates cryptocurrency payment infrastructure. Moonpay offers a number of payment methods, including debit cards, credit cards, and local bank transfers, to ensure a smooth experience when converting fiat and crypto currencies.
Moonbay has a cumulative transaction value of more than $2 billion USD, 250 partners in 160 countries, and 7 million customers. MoonPay plans to expand its services to the cryptocurrency industry’s smart and potential payment industries in the future.
Loads of Ways to Enter Market
In addition to cryptocurrencies, the crypto payment service provider is focusing on the NFT sector, particularly NFT Games. MoonPay mostly trades items from the Bored Ape Yacht Club (BAYC) collection.
MoonPay has launched the MoonPay Concierge service to assist with high-value NFT purchases.
Launched last year, MoonPay Concierge is a “white glove service for high net worth individuals who want to purchase NFTs in the simplest way without all the hassle of setting up a wallet, buying crypto, using that crypto to purchase an NFT and then taking custody of it,” according to the firm’s details.
MoonPay works with BAYC collectibles by purchasing NFTs and then delivering them to celebrity clients’ addresses and sending them invoices. The concierge service has also helped celebrities like Post Malone invest in cryptocurrencies. It is still unknown who MoonPay’s client for WoW’s NFT is.
The Highest Levels of The Art World
Christie’s Auction House is the world’s top auction house and is noted for selling some of the world’s oldest fine art pieces.
Christie’s, founded in 1766, has 85 offices in 43 countries and showrooms in popular destinations throughout the world, including London, New York City, Los Angeles, Paris, Milan, and Hong Kong.
Apart from selling artworks and hosting auctions, Christie’s is also involved in a variety of industries, including real estate, financial investment, education, and jewelry trade.
The benefit of NFT is diverse, which ranges from the music industry to art and filmmaking.
The exclusivity of the NFT makes the item unique to the original item, which only the purchaser of the NFT has ownership over. Furthermore, the value of the NFT is permanence. Because it is constructed on the blockchain, NFT is indestructible and verifiable.
The NFT wave has ushered in a new era for auction houses that have been in operation for hundreds of years. They began using social media to entice a set of potential clients.
According to Art Market Research, NFT income amounts for approximately 5.5% of contemporary art sales by auction houses, which is a good number given that the NFT trend has been in bloom since mid-2021.