Early XCOPY NFT Sells for $6M in Ethereum

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XCOPY’s “A Coin For the Ferryman” has changed hands for $6 million worth of Ethereum. The crypto artist minted the one-of-a-kind piece in 2018. 

XCOPY Artwork Breaks Record

Sales of high-value NFTs are booming. 

An early NFT by renowned crypto artist XCOPY sold on SuperRare Thursday evening, setting back the new owner 1,330 ETH, roughly $6.03 million at today’s prices. The unique piece, titled “A Coin For the Ferryman,” dates back to 2018 and is among the earliest of the artist’s creations. 

The piece had not been sold since the SuperRare user @0xclipse bought the artwork directly from XCOPY back in 2018 for 0.5 ETH, around $139 at the time. 

The London-based artist has a legacy stretching back to 2017 and is viewed as a pioneer in the crypto art space. Their work has gained more notoriety following the surge of interest in NFTs earlier this year. 

Since then, several one-of-a-kind XCOPY pieces have sold for millions of dollars. Another high-profile sale of XCOPY’s artwork happened last month when the NFT collector Cozomo de’ Medici paid the equivalent of $3.86 million for a piece called “Some Asshole.” 

For secondary market transactions of artwork listed on SuperRare, artists typically receive a 10% cut of the final sale price, meaning that XCOPY received just over $600,000 worth of Ethereum for the latest sale. 

XCOPY is not the only crypto artist to have artwork sold for eye-watering sums. In March, Beeple’s “Everydays: The First 5,000 Days” became not only the most expensive NFT to be sold at auction but also the third most expensive piece sold by a living artist, bringing in $69.34 million in a landmark Christie’s sale. Beeple returns to the aution house to sell an NFT sculpture called “HUMAN ONE” Nov. 9; bidding starts at $15 million. 

Disclosure: At the time of writing this feature, the author owned BTC, ETH, and several other cryptocurrencies. 

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