Autoglyphs set fetches record-breaking $14.6 million in historical NFT sales

In the latest development making headlines, a complete set of 10 Autoglyphs was acquired for 5,000 ETH, roughly $14.6 million.

This sale marks the largest NFT sale in the past two years and stands as the fifth largest purchase on chain, setting a new benchmark for the value of blockchain-based artworks.

The collection

Facilitated by Fountain.xyz, a well-known brokerage specializing in rare digital art, the purchase was made by a collector who, preferring to remain anonymous, is deeply rooted in the traditional analog art scene.

According to a representative, the collector views autoglyphs as something different from the normal art discovery and intends to display his works in museums and institutions in the future.

Moments ago, a complete set of ten autoglyphs, produced by Larva Labs itself, was sold to a respected private collector for 5,000 ETH, making it one of the highest NFT sales ever recorded on-chain…Congratulations to both buyer and seller!

The team at Fountain is… pic.twitter.com/nZjHndQVFU.

— Fountain (@Fountainxyz) February 19, 2024

The collector is represented by respected art consultant Amanda Schmidt, whose international expertise includes a feature on the cover of TIME magazine's “Person of the Year” in 2017.

Created by Larva Labs' Matt Hall and John Watkinson, Autoglyphs emerged almost two years after they created Cryptopunks. Featuring 512 unique effects, Autoglyphs has quickly become one of the most coveted sets for generative art enthusiasts.

The set he got was one of only seven and one of three developers built directly by Larva Labs as part of the already famous “Old School Set”.

Autoglyphs have reached unprecedented heights

Autoglyphs have been widely admired, appearing in famous places such as the Center Pompidou and Sotheby's. In particular, the Center Pompidou, Europe's largest modern art museum, showed its digital works in its first exhibition on NFTs.

Two famous pieces, CryptoPunk #110 and Autoglyph #25, were even donated by the Center Pompidou, further strengthening the importance of Autoglyphs in digital art.

With over $50 million in secondary sales, Autoglyphs have established themselves as highly sought-after assets, and this latest acquisition only serves to solidify their place in blockchain art history.

In the year Launched in 2019, Autoglyphs represents the first “on-chain” generative art on the Ethereum blockchain. Unlike many NFTs that rely on off-chain storage, each autoglyph is independently verified in the blockchain for its uniqueness and ownership.

Created with a highly optimized algorithm capable of generating billions of unique artworks, Autoglyphs ceased production after 512 glyphs were created, leaving it available only on the secondary market.