Emily Ratajkowski bought an NFT for $175,000 in an public sale at Christie’s on Friday afternoon.
The token is tied to a picture known as “Buying Myself Back: A Model for Redistribution,” which takes its title from a piece Ratajkowski wrote for The Cut late last year.
Within the essay, she describes the uncanny expertise of realizing one among her Instagram posts had been repurposed by the artist Richard Prince for his controversial “Instagram Paintings” exhibition. The works within the present had been primarily massive, printed variations of common Instagram posts; Ratajkowski’s, which was displayed with out her specific permission, was priced at $90,000.
“Shopping for Myself Again: A Mannequin for Redistribution” is a photograph of Ratajkowski standing in entrance of Prince’s piece.
NFTs, or non-fungible tokens, are a type of cryptocurrency that may be bought as proof of possession for recordsdata on the web. They’ve develop into a preferred option to monetize photographs and quick video clips in latest months—the artist behind the early-2010s meme “Nyan Cat” just lately bought an NFT for almost $600,000, in what he’s characterised as a type of credit score for his work.
Ratajkowski has framed her NFT public sale in comparable phrases. “As any individual who has constructed a profession off of sharing my picture, so many instances — regardless that that’s my livelihood — it’s taken from me after which any individual else income off of it,” she told The New York Instances final month. “To me, this digital market is a option to talk this particular concept that couldn’t exist otherwise.”
Christie’s mentioned it deliberate to just accept cost for the NFT in fiat cash, slightly than ETH, the cryptocurrency that’s used for transactions on the Ethereum blockchain.
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