Ned Kelly’s armor and Phar Lap’s 1930 photo auctioned at NFT

Ned Kelly's armor and Phar Lap's 1930 photo auctioned at NFT

Photo of Ned and Dan Kelly’s armor

Image: Lloyd Auction

The Lloyd Auction has determined that blockchain is the best way to prove ownership of a series of negatives that capture moments in Australian history, such as Ned Kelly’s armor and Phar Lap winning the Melbourne Cup in 1930. did.

The auction house casts the Rose Stereograph Company, a collection of original glass plate negatives from over 140 years of operation, through non-fungible tokens (NFTs).

NFTs are used to validate unique items. Authenticity certificates created on the blockchain are used for digital assets such as art.

to see: NFT Cheat Sheet: Everything You Need to Know About Non-Fungible Tokens (Tech Republic)

All physical glass plate negatives auctioned are cast as NFTs and ownership of the NFTs is transferred to the highest bidder at the end of the auction. The winning bidder will receive ownership of both the cast NFT and the tangible original glass plate negative.

Lee Hames, Chief Operating Officer of Lloyds Auctions, said, “We have taken significant steps to honor the owner of one of Australia’s most important photo collections and have made significant investments in cutting-edge technology. “.

“We believe this technology is just right for anyone who wants to buy valuable items of high collection value or prove ownership.”

As part of its first foray into the NFT space, enthusiastic users can bid on ownership on both the Lloyds Auctions platform and the NFT Marketplace cryptocurrencies.

“I felt that digitizing some of this important history and storing it on the blockchain so that future custodians could appreciate it was the right thing to do with this collection,” Hames said. Added.

“When it comes to collecting physical art, anyone can buy a Picasso print, but only one can own the original. Many people validate the original artwork and collection online. You may not realize that things are very difficult, so NFTs are offering a new era of rights. Management. “

Auctioned photos include Anzac’s landing (Gallipoli 1915), Ned and Dunkerie’s armor (taken in a 1880 trial), the Duchess of York and his daughter Elizabeth Alexandra Mary, and Phar Lap in the 1930 Melbourne Cup Winner, Egyptian Pyramid and Sphinx, and Franco British Expedition.

According to Lloyds Auctions, several auctions will be open to the public by the end of June next week.

Related coverage

Jack Dorsey’s first tweet sold for $ 2.9 million via NFT

Meanwhile, John Cleese sells his own illustration of the Brooklyn Bridge as an NFT.

The new platform uses NFTs as a gateway for digital rights management

Last month’s NFT market sales reached $ 8.2 million, but their value is limited to digital collections that are rarely used.Currently, new platforms use NFTs for digital rights management. I hope that.

Is the NFT collection a new trading card or a bubble of hype that bursts quickly?

NFTs (Non-Fungible Tokens) have become a hot item these days, trading millions of dollars for artists, musicians, athletes and even entrepreneurs. But are they touted and will the NFT bubble burst soon?


%d bloggers like this: