Cryptographic artist Terrell Jones will auction “American Dream Life” NFT at Sotheby’s

According to reports, encryption artist Terrell Jones announced on social media that he would auction the “American Dream Life” NFT at Sotheby’s, which was reported to have started on February 22 and was auctioned by Sotheby’s Contemporary Discoveries Collection. The valuation of the work ranged from $6374 to $12748, and the auction would end on March 1. Previously, encryption artist Des Lucre also announced that he had signed a one-year contract with Sotheby’s.

Interpretation of this information:

The message is about the upcoming auction of an NFT artwork titled “American Dream Life” by the encryption artist Terrell Jones. The auction will be held by Sotheby’s Contemporary Discoveries Collection starting on February 22 and will end on March 1. The artwork is valued between $6374 to $12748. Terrell Jones made the announcement on social media.

Additionally, the message also reports that another encryption artist, Des Lucre, has signed a one-year contract with Sotheby’s.

It is interesting to note the rising trend of using blockchain technology in art sales, specifically the use of NFTs or non-fungible tokens. This technology enables artists to sell digital works of art as a unique, one-of-a-kind item. It allows buyers to own an exclusive piece of artwork, something that cannot be replicated or duplicated.

Furthermore, it seems like Sotheby’s is positioning itself as a major player in this emerging art market. By signing contracts with encryption artists, they are showing that they are committed to exploring new digital possibilities and capturing a growing audience of buyers interested in NFT art.

The keywords that summarize the message are NFTs, blockchain, and Sotheby’s.