How a digital rose launched on the Ethereum network was sold for USD $ 1 million

A group of ten collectors divided the figure of one million US dollars to acquire a digital photo of a red rose on Valentine's Day, which was launched on the Ethereum network.

It is believed that the piece has reached the highest price paid so far for a work of virtual art. Forever Rose, created by Kevin Abosch (artist) and Andy Tian (technical inventor), in addition to the GIFTO platform, has the peculiarity that it exists only in the Blockchain as well as Bitcoin and other virtual currencies.

In a way, the work exists only as an idea. The artist told CNN about the work:

People have traditionally valued the things they can see and feel. But some of the most valuable things - like love, for example - can be felt but not seen. It is art reduced to its core essence: that's what the idea is about. "

Abosch is well known for having sold the photograph of a potato, called "Potato # 345", for more than one million euros in 2016.

When, at that time, the photograph of the potato was sold for so much money, there was a discussion. The artist commented: "Is it really worth so much?" "People could now say why cryptocurrency is worth something? People do that with art in general, "he added.

It is an abstract concept designed to make people think about how Blockchain technology could be applied to the art world, according to a press release published by CNN.