Frank Miller’s NFT “Sin City” sells for $840k

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Frank Miller is yet again putting his mark on another kind of media. The author-artist set an NFT work for entertaining book art, with a Sin City production selling at a sales auction for $840,000.

The auction comes seven months after NFTs penetration into the humorous book knowledge. The first was of the former DC artist Jose Delbo who sold his NFT piece for $1.85 million.

Frank Miller’s NFT Auction

His one-to-one sold to the highest bidder in a 24-hour session in conjunction with OpenSea, the marketplace for NFTs. The participants were using Gala Coins for their bids.

One of the measures taken in the sale was that every bid placed in the last five minutes added 10 minutes to the clock. This rule ensures all participants had one last chance to follow up on their interests.

With three bidders participating in the last countdown, this rule continued the auction by another two hours.

In his own words, he says,

“I am so honored to see the fans of mine, of Marv, of Sin City participating in this new world. One thing you never get making comics is the three-dimensionality (of NFTs),”

Sin City NFT is now the most costly artwork by Frank Miller. It is, however, not the most valuable Frank Miller’s piece. The most valuable creation of his art is the album cover with a lightning bolt in front, the dark knight returns. The art is currently has a valuation ranging between $1.3 million and $1.6 million. However, it is currently not for sale.

Frank Miller is new to NFT art, and he was able to pull this off gratitude going to NFT-game companies: Gala Games and Concept Art House. The two helped Frank Miller create the NFT, which uses a reliable and straightforward digital record called blockchain to confirm the uniqueness of the artwork.

James Olden mentions that

Gala Labs is happy to make a commitment and strong platform for its partners -who desire to drive technology and move production to the creative horizon.” 

“It’s been a delight to work with Frank Miller, seeing how he adapts so quickly to this new digital season and how he works with the team to bring his insight to NFTs.” added Penni Johnson, director of business development for Concept Art House. 

NFTs Are Much Greater Than An Art Trend

Art is only the latest embellishment to enter the NFTs space through collaboration with Gala Games and NFT marketplace-OPenSea.

The enthusiasm about  NFTs serves as a related story to other recent price waves such as GameStop and dogecoin. These are uncertain bubbles induced by incentive cheques in the US, lockdown boredom, and low interest rates.

They formulate possibilities for new business designs that didn’t exist before. NFTs go much more profound by completely changing the practices of ownership.

The transactions in which something exchanges control always depend on intermediaries to secure trust in the contract agreements. However, none of these is needed in the future. Transactions which are recorded on blockchains are reliable because the information is unchangeable.

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