Computers belonging to a Hungarian artist using NFTs have been sold for $1.2 million - DeviceFile

Computers belonging to a Hungarian artist using NFTs have been sold for $1.2 million

Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century.

Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in
collaboration with Martin Grasser sold out during Sotheby’s Dutch auction for 631 Ether

ETHtickers down$1,870

, or around $1.2 million, in less than one hour.

According to the July 26 announcement, the “Themes and Variation”

collection features 500 collectibles via an algorithm combination of 170 color palettes and recursive grids. Auctioneers wrote:

“Themes and Variations is an expansion of Molnár’s 2% d’ordre generative protocol that explores the

power of the grid and randomness of color. Molnár further developed the system

by incorporating the appearance of letters (N, F, T), playfully chosen for this series

as a reference to the technological vehicle of NFTs.”

Born in Budapest in 1924, Molnár was one of the first pioneers of computer-generated imagery,

having started the practice in 1959. She previously lectured at the Université de Paris and had her works

displayed in major European exhibitions. Molnár ventured into the realm of NFTs in 2022. She wrote:

“After decades of exploring how systems and computers can generate artistic outputs, I see this

collaboration with Sotheby’s and Art Blocks as a culmination of those efforts,

providing a new way to generate never-before-seen, unique abstract forms that

are defined by the controlled randomness of machine programming—the essence of the algorithm.”

The collection has surpassed 589 Ether in volume traded on secondary markets such as

OpenSea. At the time of publication, Themes and Variations’ floor price has increased

by over 100% from an average of 1.52 ETH shortly after the sale ended.