Self-proclaimed "Crypto Queen" Grimes made nearly $6 million to kick off her Sunday by selling her newest artwork, a series of crypto-art pieces titled "WarNymph."
The pieces, which feature cherub warriors protecting post-apocalyptic planets, went on sale Sunday at 1 p.m for 48 hours.
Dropping NFTs tomorrow at 2pm EST. enter the void pic.twitter.com/l9fNFUCheX
— ☘︎𝔊𝔯𝔦𝔪𝔢𝔰 (@Grimezsz) February 28, 2021
In 20 minutes, Grimes, musician, artist and girlfriend of Elon Musk, reached $5.8 million in sales from the auction. By noon Monday, all pieces were sold out except for one, "Death of the Old," which is currently bidding for $250,000. Some works, including "The Newborn 2," are being resold for as much as $2.5 million.
According to her artwork's page, WarNymph "explores the fluidity of identity in the virtual age: the ability to create, augment, and splinter ourselves into unlimited avatars, create boundless worlds, and build rich, complex lore."
Each artwork features winged babies in various forms: protecting Mars, sitting atop thrones and wielding weapons including bows and arrows or blood-red spears.
👼"Death of the Old" -@Grimezsz x @MacBoucher1 👼
The first of her kind, #WarNymph is a digital entity spliced from a pixel DNA of the organic human, Grimes.🧬
The journey into the #Oth3rkin Universe starts here: https://t.co/ccliYhMW1q & https://t.co/AgVLsy1eD8
Who's ready?🔥 pic.twitter.com/lf4mer4XOE
— Nifty Gateway (@niftygateway) February 28, 2021
All of the works are examples of a new cryptocurrency called non-fungible tokens, or NFTs. NFTs have surged in popularity in recent weeks as other cryptocurrencies like Bitcoin continue to take off. Unlike Bitcoin, however, NFTs cannot be traded for one another or broken down into smaller values. Instead, they serve as a form of collectibles that stand on their own as individualized collector's items.
Brands such as Nike and Louis Vuitton have already begun creating virtual assets for their consumers, while celebrities including Lindsay Lohan have sold NFTs for thousands of dollars. The NBA, which made the platform NBA Top Shot, has already sold $270 million worth of NFTs in the form of unique NBA video highlights.
NFTs have to be bought using other cryptocurrencies such as Ethereum's Ether or World Asset eXchange. The currency is predicted to continue to skyrocket in value as creators make products for virtual reality technologies.
According to Grimes, there's more where this came from. WarNymph is part of a bigger whole—an entire virtual universe Grimes has titled Oth3rkin that the singer will continue to work on with her brother, Mac Boucher.
Some proceeds from the project are going toward reducing carbon emissions via nonprofit organization Carbon 180. Billionaire Texan transfer Musk, is passionate about the subject as well.
The artworks were sold using NFT trading site Nifty Gateway.
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Officials are asking certain residents in Bastrop State Park to evacuate as crews work to put out a “very active fire” that is currently 0% contained.
The Texas A&M Forest Service has responded to help local fire departments with the Rolling Pines Fire at 100 Park Road 1A, which is consuming 300 acres. Residents of Pine Hill Drive, Pine Tree Loop, Linda Lane and Lisa Lane are being asked to evacuate.
Today’s Bastrop Rolling Pines Fire is burning along Power Plant Road towards Lake Bastrop South Shore. pic.twitter.com/YCvJkIAg1u
— BastropCntyTexas OEM (@BastropCntyOEM) January 18, 2022
Aviation resources have been called to assist.
According to the Bastrop County Office of Emergency Management, the wildfire sparked during a prescribed burn that took place today, despite wildfire warnings. Park Road 1C from Harmon Road to Park Road 1A had been closed for the prescribed burn.
The blaze is in the same location as the Bastrop Complex Fire of 2011, which burned for 55 days, killing two people, destroying 34,000 acres and around 1,700 homes and buildings. The fire, which started in 2011, became the most destructive wildfire in Texas at the time.
A hotbed for fires, the Hidden Pines Fire started at the same location in 2015, destroying 4,600 acres and 64 structures.
Some road closures have been put in place at State Highway 21 South Shore Lake Bastrop and East State Highway 21.
This is a developing story and will be updated as information becomes available.
After months of record-setting periods for Austin real estate, the Austin Board of Realtors announced Tuesday that the metro's housing market accounted for over $23 billion of economic activity in 2021, making it the biggest year yet for both home sales and median home prices in the metro.
The Austin-Round Rock MSA saw 41,316 homes sold in 2021, 2.5% more than a record-setting 2020. Median home prices skyrocketed as well, rising 30.8% from 2020 to $450,000. The housing market also saw unprecedented impact on Austin's economy, with sales dollar volume jumping to over $23.38 billion, and more homes hit the market in 2021 than any previous year, increasing by 5.9% to 46,449 total homes listed.
(Austin Board of Realtors)
As many recent Austin homebuyers have experienced firsthand, Austin Board of Realtors 2022 President Cord Shiflet said 2021 was the most "exciting, complicated, fast-paced and record-setting housing market" in Austin's history.
Shiflet dubbed the market as "complicated" for a reason—Austin became a case study on supply and demand in 2021, with demand far outpacing the number of active listings, which dropped by 48.2% to 2,348 homes in 2021.
The metro ended the year with 0.6 months of inventory, a far cry from a "healthy" six-month supply, and houses were snatched at breakneck speeds, spending 25 fewer days on the market when compared to 2020. The average home was on the market for 20 days.
But low inventory is more due to high demand than a stagnant homebuilding market, Mark Sprague, Independence Title's state director of information capital, said in the report.
“In 2021, the record number of homes sold were demand-driven transactions and that demand was influenced greatly by companies continuing to target the region for job creation and expansion," Sprague said. "Even though more homes are being built, listed and sold than ever before, our region is still nowhere close to having a comfortable amount of supply to meet the demand, which is why home prices continue to rise steadily.”
Over 23,000 jobs have been promised by companies across the metro as of December 2021, breaking the 2020 record, according to Opportunity Austin, the economic development arm of the Greater Austin Chamber of Commerce. With an influx of major factories and offices, including Tesla's Giga Texas, Samsung's Taylor plant and a planned 33-floor Facebook office, Sprague said the region's booming market paired with a struggling inventory and supply chain issues could be a double-edged sword in 2022.
"In short, 2022 will see a robust market for home sales and property values, but the region must do more to address inventory, ” Sprague said.
Shiflet recommended that potential homebuyers make a decision ahead of predicted increases in interest rates and home prices and said that he hopes local politicians will continue to prioritize affordable housing in the election year.
Still, Shiflet said a record-breaking housing market reflects Austin's growing reputation as a hub for talent, tech jobs and a good quality of life.
"With all the new jobs across the region from exciting companies like Tesla and Samsung, Austin was put on the world’s stage and captured the hearts and attention of so many," Shiflet said. "We are lucky to call Austin our home when it has so much to offer from a great quality of life to a wonderful destination for innovation and opportunity.”
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