Justin Sun, founder of TRON (TRX/USD), tweeted that he bought three Digital Zone editions for 569 Ether, the equivalent of $2 million, and donated them to the APENFT Foundation. He bought the 92nd edition of Series 7 and the 83rd and 84th editions of Series 6 of NFT’s work. The series was created by artist Mitchell F. Chan, originally in the 1960s.
The Digital Zone was inspired by the Zone de sensibilite picturale immaterielle, an artwork created by the famous French artist Yves Klein. Mitchell F. Chan produced eight DZ series for a total of 101 NFTs.Klein’s artwork appears in the form of receipts.
Digital Zones is one of the first NFTs on Ether
When Chen learned about ethereum (ETH/USD) in 2017, he decided to use blockchain technology to turn Klein’s project into NFT, bridging the gap for immaterial conceptual art. He also wrote a detailed blueprint for the digital district.
The timing of the mint made Digital Zones one of the first NFTs on Ether, second only to the legendary Cryptopunk, which debuted at InterAccess in Toronto as one of the first NFT artworks to be shown in a traditional art gallery.
All editions sold out
The tremendous value of this NFT became apparent as the NFT industry became larger and larger. All of Chen’s versions have sold out except for some of the Series 0 versions he owns. On the secondary market, they are changing hands for as little as 200 ETH. The 10th edition of the Digital Zone of Series 0 will reportedly be auctioned at Sotheby’s from October 14-21.
Justin Sun is a veteran NFT collector
Since March of this year, TRON’s founder has purchased NFT artwork by Warhol, Picasso, and other well-known artists. He has also purchased works by Pak, Beeple and other cryptocurrency artists from Christie’s, Sotheby’s and Nifty Gateway.
TRC-721 standard for mapping ownership
The TRC-721 standard is used to map the ownership of these artifacts to TRON’s public chain. They will be stored there permanently.TRON is known for its comprehensive NFT ecosystem, with solid hardware and software. It has over 56 million users, the largest supply of stablecoins in circulation worldwide, and over 2.4 billion transactions.