Monday, November 28, 2022

Azuki Golden Skateboard NFT Auction Generate $2.5M in ETH

A fierce bidding war was unleashed during the auction of Azuki’s Non-fungible token (NFT) golden skateboards yielding $2.5 million. NFT project Azuki auctioned off eight golden skateboard NFTs to collectors who participated.

The auction had a total of 145 bidders who signified interest in the Azuki Proof of Skate. So far, these NFTs are the eight most expensive skateboards ever sold worldwide.

The least skateboard NFT was auctioned at 200 Ethereum (ETH) and the highest for 309 ETH which is approximately $269,000.00 and $415,605.00 respectively, at the time of this writing. At present, the Azuki golden skateboards are only in digital form.

Soon, collectors can redeem the skateboard NFTs for a physical version embedded with a chip for authentication of ownership. They will only be required to burn the skateboard NFT.

The chip is a cryptographic physically backed token (PBT)-based BEAN Chip that connects both the physical and digitized skateboards. The physical skateboards which are fully functional are plated with gold and weigh up to 45 pounds. In effect, collectors are advised not to ride on it. 

“The Golden Skateboard is a marvel of art & technology showcasing our first implementation of PBT, which paves the way for a new era of storytelling,” Azuki tweeted. “We broke the record for the most expensive skateboard ever sold (in fact, the 8 most expensive skateboards ever sold).”

Dingalingts Wins Golden Skateboard NFT Highest Bid 

All Azuki golden skateboard collectors will have a Dragon banner and emblem displayed on their collector’s profile. According to the Twitter thread, these collectors will be enshrined in th Ruins making them a part of Azuki’s mythology. The winner of the highest bid among the eight golden skateboards with 309 ETH is known as @dingalingts on Twitter. 

He is a vast NFT collector who already has 102 Azuki, 108 BAYC, 98 MAYC, 8 Punks, and many others. Before now, the most expensive skateboard ever sold was Jamie Thomas’ and Bob Dylan’s skateboard, which fetched $38,425. This was followed by “Beatles’ Blackbird Board”, featuring handwritten lyrics and Paul McCartney’s signature worth $27,116.

Cumulatively, both ‘most expensive’ skateboards do not equate to the value of the lowest bid among the Azuki golden skateboards.

Victoria Nye
A Blockchain columnist who is enthusiastic about developing a network interface between the real world and the cryptosphere.

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