LiveArt, the Web3 platform for arts and culture, delivered a groundbreaking achievement today. The highly anticipated NFT collection titled “Kingdom of the Laughing Man: Boundless” created by renowned Chinese contemporary artist Yue Minjun sold out in less than two hours.
Celebrated for his captivating artistic creations, Yue Minjun marked his digital debut by launching a collection of 999 unique NFT artworks for USD 700 each on the LiveArt.xyz platform.
The collection reached a total sales volume of $1 million within just an hour of its launch and has consistently dominated trends on major NFT marketplaces such as OpenSea and Blur. Currently, these exquisite pieces are available on the OpenSea secondary market.
LiveArt CEO and co-founder Boris Pevzner expressed his admiration for Yue Minjun’s step into the Web3 realm saying, “Yue Minjun is one of the most important traditional artists to embrace Web3, and he sets the benchmark for the potential that can be realized when traditional artists place their trust in us to navigate their journey into the world of Web3.”
For fans of Yue Minjun’s NFTs, there’s a ton of excitement over the next week as the final works of art are revealed exclusively for collectors.
Five of the collectors will discover they own an exceptionally rare NFT from the collection, accompanied by a print personally signed by the artist.
Vincent Harrison, the founder of IV Gallery and partner at LiveArt, commented on the unique opportunities that await collectors: “All collectors will have the opportunity to purchase a signed work on paper from their NFT for USD 1,800. auction data of Yue Minjun’s works on paper, this offers an exceptional collecting perspective.”
This captivating journey with Yue Minjun’s NFTs is far from over as subsequent releases introduce 3D animated artwork and culminate in an interactive immersive experience that promises to redefine the boundaries of art engagement.
LiveArt’s collaboration with Yue Minjun is just the tip of the iceberg. The platform has a series of exciting NFT releases in the pipeline, not only featuring Minjun but also other “Blue Chip” artists. This solidifies LiveArt’s status as the premier “fine art” destination within Web3’s vibrant realm.
About LiveArt
LiveArt, a brainchild of art market veterans from Sotheby’s and Christie’s, is backed by Binance Labs and Animoca Brands. The platform has grown to become the global art and culture powerhouse in the Web3 universe. Through an innovative blend of AI, blockchain technology, and deep understanding of the art market, LiveArt delivers exclusive Web3 collecting experiences to a diverse global audience.
Powered by the $ART utility token, the LiveArt protocol anchors the LiveArt ecosystem and provides unique value through membership and loyalty programs tailored to the vibrant communities of LiveArt and its partners.