The Forever Rose: The World's Most Valuable Crypto-Artwork

Based on Kevin Abosch’s photography of the flower.

By
Arts
16,115 Hypes 15 Comments

In 2016, photographer Kevin Abosch sold a photo of a potato for over $1 million USD, and now he’s sold digital artwork of a rose for the same price. The rose sold on Valentine’s Day to a group of ten collectors who split the cost evenly in cryptocurrency.

The collectors included investment funds, an advisory firm, crypto projects, and a leading China-based crypto investor and the price tag is said to be the highest ever for a piece of crypto-artwork. “The Forever Rose is an ERC20 token called ROSE on the Ethereum blockchain that is based on Abosch’s photograph of a rose,” says Crowdfund Insider. “The buyers each receive 1/10 of the ROSE token. The purchasers can decide to sell their partial rose.”

The photographer and his Forever Rose platform have donated the proceeds to CoderDojo Foundation for free programming classes for children and teens 7-17 years old.

In related news, director Wes Anderson is turning his eye towards art curation.

Read Full Article
Source
CNN

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

514 Users Online

What to Read Next

Tory Lanez Shares New 'Memories Don't Die' Single "B.I.D."
Music

Tory Lanez Shares New 'Memories Don't Die' Single "B.I.D."

Also speaking to Zane Lowe about his old beef with Drake.

Eric Emanuel Joins This Year's All-Star Festivities With a Special Release
Fashion

Eric Emanuel Joins This Year's All-Star Festivities With a Special Release

Sported by New York’s own Sheck Wes.

The Awkwardly Designed Cheero Headphones With Charging Dock Are Apple Approved
Tech

The Awkwardly Designed Cheero Headphones With Charging Dock Are Apple Approved

It even has its own exclusive app.


ALYX Customizes Mackintosh's Outerwear With Experimental Dyes
Fashion

ALYX Customizes Mackintosh's Outerwear With Experimental Dyes

The pair join forces once again for Spring/Summer 2018.

Everything Is Recorded Drops New Song Featuring Sampha & Owen Pallett
Music

Everything Is Recorded Drops New Song Featuring Sampha & Owen Pallett

Presented by XL Recordings
‘Everything Is Recorded’ is out February 16.

This Was The Scene at Supreme New York's First Spring/Summer 2018 Drop
Fashion

This Was The Scene at Supreme New York's First Spring/Summer 2018 Drop

What went down at the year’s first drop day.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.