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The Weeknd made $2 million with digital art NFTs

Canadian singer Abel Makkonen Tesfaye, better known as The Weeknd, launched his first collection of NFTs this past weekend (ironically). Non-fungible tokens are digital arts that went on sale at the Niffy Gateway marketplace and raised a total of more than $2 million.

NFT “Remnant 001” by The Weeknd

NFT “Remnant 001” by The Weeknd (Image: Nift Gateway)

Called The Acephalous, the artistic collection consists of eight pieces: three audiovisual productions, four static images and a unique piece with original music never released by the artist.

Three videos entered the Niffy Gateway for a limited time and at a fixed price. Called Artifact 001, 002 and 003, the pieces were sold for $333, $777 and $1,111 respectively. They did not have the pre-defined number of editions, who managed to buy them created their own token.

The four still images were sold in two lots. Two of them, Remnant 001 and 003, had 500 editions available for a fixed price of $100. The other two, Remnant 002 and 004 went to silent auction, in which the bids are invisible and the largest will take a pre-established amount of token edits.

However, the flagship of the collection is called The Source, a single edition NFT that offers a video of just over 3 minutes with an original and never released song from The Weeknd. The piece went up for auction and the winning bid was $490,000. In total, the collection earned more than $2 million.

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