• Thursday, Sep 23, 2021
  • Last Update : 05:06 pm

NFT artwork by humanoid robot sells at auction for nearly $700,000

  • Published at 03:50 pm March 25th, 2021
Sophia, the humanoid robot with her painting
Sophia the humanoid robot, developed by Hanson Robotics, looks at paintings at her studio before auctioning her own non-fungible token (NFT) artwork, in Hong Kong on March 16, 2021 Reuters

Sophia, a humanoid robot produced her art in collaboration with Andrea Bonaceto, a 31-year-old Italian digital artist

A digital artwork by humanoid robot Sophia was sold at auction on Thursday for $688,888 in the form of a Non-Fungible Token (NFT), the latest sign of a frenzy in the NFT art world.

NFTs, a digital signature saved on blockchain ledgers that allows anyone to verify the ownership and authenticity of items, have become the latest investment craze, with one artwork selling this month for nearly $70 million.

Sophia, who was unveiled in 2016, produced her art in collaboration with 31-year-old Italian digital artist Andrea Bonaceto, known for colourful portraits, some of which depict famous people, such as Tesla's chief executive, Elon Musk.

The robot has combined elements from Bonaceto's works, art history and her own physical drawings or paintings on various surfaces multiple times in a process her creator David Hanson describes as "iterative loops of evolution."

Titled "Sophia Instantiation," the digital work is a 12-second MP4 file showing the evolution of Bonaceto's portrait into Sophia's digital painting, and is accompanied by a physical artwork, painted by Sophia on a printout of her self-portrait.

"I'm so excited about people's response to new technologies like robotics ... and am so glad to be part of these creativities," Sophia, who was wearing a silver-coloured dress, told Reuters.

The identity of the buyer was not immediately known.

Sophia's creator, Hong Kong-based David Hanson of Hanson Robotics, said he was surprised at the pace of the bidding.

"I was kind of astonished to see how fast it shot up too as the bidding war took place at the end of the auction. So, it was really exhilarating and stunning," he said.

Art collector and blockchain investor Jehan Chu believes there's a lot of money waiting to invest in digital goods and while the digital art sector is looking frothy right now, he sees huge potential.

"What we're seeing right now looks like a bit of a bubble, especially in the NFT art world," Chu told Reuters.

"At the end of the day, it's very clear that there is a sea change going on in terms of how society and how consumers think about digital goods. And it's pretty astounding where this is going to lead us."

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail