{"id":561131,"date":"2021-06-11T15:07:01","date_gmt":"2021-06-11T19:07:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=561131"},"modified":"2021-06-11T15:07:04","modified_gmt":"2021-06-11T19:07:04","slug":"draftkings-largest-shareholder-drops-12-million-on-crypto-artwork","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/draftkings-largest-shareholder-drops-12-million-on-crypto-artwork\/","title":{"rendered":"DraftKings Largest Shareholder Drops $12 Million On Crypto Artwork"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdraftkings-largest-shareholder-drops-12-million-on-crypto-artwork%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=561131&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1230992975.jpg?w=1200&#038;h=800&#038;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p>The largest shareholder of DraftKings dropped nearly $12 million on a non-fungible token (NFT), a piece of\u00a0digital artwork called a \u201cCryptoPunk\u201d on Thursday, according to\u00a0auction house Sotheby\u2019s.<\/p>\n<p>Shalom Meckenzie, an\u00a0Israeli entrepreneur and the largest shareholder of digital sports betting company DraftKings won the bidding war for\u00a0\u201cCryptoPunk #7523\u201d and purchased the crypto artwork for the hefty sum of $11,754,000, Reuters <a href=\"https:\/\/www.reuters.com\/article\/uk-fintech-nft-sothebys-outcome\/cryptopunk-nft-sells-for-11-8-million-sothebys-idUSKCN2DM20N\">reported<\/a>.<\/p>\n<p>\u201cCryptoPunks\u201d are 10,000 pixel-art characters that were created by Larva Labs in 2017.\u00a0The artwork was sold as a non-fungible token (NFT), which is a unique\u00a0digital file stored on a blockchain, meaning it is nearly impossible to forge a fake because changes in ownership are recorded permanently in the file.<\/p>\n<p>NFTs have become extremely sought-after assets over the last four months, but they technically still have no real-world value. Purchasing an NFT has been compared to purchasing a piece of artwork that must remain in a museum, which may or may not lose or damage it. Visitors to the metaphorical museum are allowed to obtain a copy of the artwork that is for most intents and purposes not at all different from the original, Harvard professor Jonathan Zittrain\u00a0<a href=\"https:\/\/www.theatlantic.com\/ideas\/archive\/2021\/04\/nfts-show-value-owning-unownable\/618525\/\">writes<\/a> for The Atlantic.<\/p>\n<p>This particular \u201cCryptoPunk\u201d was minted on June 23, 2017, and is one of nine \u201calien punks,\u201d and it is the only one wearing a medical face mask. \u201cCryptoPunk #7523\u201d is a light blue character with a brown knitted hat and an earring.<\/p>\n<p>\u201cLittle did the West think of the mask before 2020 and yet it now carries the heavy symbolism of unfortunate icon of the early 21st century,\u201d artist Robert Alice\u00a0<a href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2021\/natively-digital-cryptopunk-7523\/cryptopunk-7523\">said<\/a>\u00a0in the catalogue note for the NFT on Sotheby\u2019s website. \u201cThis Alien, the only Alien with a mask, stands as the ultimate symbol of NFTs journey to the mainstream.\u201d<\/p>\n<p>The \u201cpunk\u201d NFTs \u201cembody an aesthetic mirroring the nostalgic punk spirit, reflecting the Crypto Anarchist philosophy that brought together many of the weird and wonderful misfits that came to build the early crypto infrastructure,\u201d Alice added.<\/p>\n<p>Sotheby\u2019s sold the NFT during a sale dubbed\u00a0\u201cNatively Digital: A Curated NFT Sale,\u201d which made\u00a0$17.1 million selling artwork by 27 digital artists. In March, an NFT digital artwork piece <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-07\/nfts-shift-power-to-artists-as-the-music-business-evolves\">sold<\/a> for\u00a0$69.3 million.<\/p>\n<p>NFTs have not always cost millions, however.<\/p>\n<p>In July, legendary actor\u00a0William Shatner, Star Trek\u2019s Captain Kirk of the USS Enterprise, became an early adopter when he created a\u00a0series of NFT trading cards with images from his\u00a0personal life and career. Shatner\u2019s digital trading cards featured images such as his\u00a0acting headshots, early characters he played, a photo of him hugging actor Leonard Nimoy, his Star Trek co-star playing Mr. Spock, a telegram from a producer, and, oddly, an X-Ray of Shatner\u2019s teeth.<\/p>\n<p>\u201cI\u2019m astonished at how quickly it all happened,\u201d Shatner <a href=\"https:\/\/cointelegraph.com\/news\/william-shatners-nft-collectibles-sell-out-at-warp-speed\">told<\/a> Cointelegraph after his NFT collectibles sold out in minutes.<\/p>\n<p>\u201cThe cards themselves represent a beautiful past,\u201d he said. \u201cThe verification of being on the blockchains represents a great future. So we have the past and the future mixing together.\u201d<\/p>\n<p><i>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a\u00a0<\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i>member<\/i><\/a><i>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest shareholder of DraftKings dropped nearly $12 million on a non-fungible token (NFT), a piece of\u00a0digital artwork called a \u201cCryptoPunk\u201d on Thursday, according to\u00a0auction house Sotheby\u2019s.Shalom Meckenzie, an\u00a0Israeli entrepreneur &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2280052,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1230992975.jpg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"DraftKings Largest Shareholder Drops $12 Million On Crypto Artwork","footnotes":""},"categories":[],"tags":[],"class_list":["post-561131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GettyImages-1230992975.jpg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"DraftKings Largest Shareholder Drops $12 Million On Crypto Artwork","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/561131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=561131"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/561131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2280052"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=561131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=561131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=561131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}