99-year-old Hungarian artist's computer generated NFTs sold for $1.2M
Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century. Computer- generate d nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby's Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour. Molnár's Themes and Variations #1 sold for 19.84 ETH | Source: Sotheby's According to the July 26 announcement, the "Themes and Variation" collection Features 500 collectibles via an algorithm combination of 170 color palettes and recursive grids. Auctioneers wrote: "Themes and Variations is an expansion of Molnár's 2% d'ordre generative protocol that explores the power of the grid and randomness of color. Molnár further developed the system by incorporating the appearance of letters (N, F, T), playfully chosen for this series as a reference to the technological vehicle of NFTs." Born in Budapest in 1924, Molnár was one...