This Crypto-Art Rose Photo Sold for $1,000,000
Kevin Abosch, the photographer who purportedly sold a photo of a potato for over $1,000,000 in 2016, has now become the photographer behind the world’s most expensive crypto-artwork by selling a photo of a rose on the blockchain for $1,000,000.
“The Forever Rose is an ERC20 token called ROSE on the Ethereum blockchain that is based on Abosch’s photograph of a rose,” Crowdfund Insider reports. “The buyers each receives 1/10 of the ROSE token. The purchasers can decide to sell their partial rose.”
Abosch created Forever Rose in collaboration with GIFTO, a decentralized gifting platform that stores its record of collectibles on the Ethereum blockchain.
The photographer and platform have donated the proceeds from the sale ($1 million worth of Ether) to CoderDojo Foundation, which provides free programming programs for kids aged 7 to 17 years old.