'Drowning in Love' Is an NFT Generated Based on Real-Time Auction Data
Arriving as part of an online auction by Phillips.
Phillips is presenting an online auction titled “My Kawaii Valentine” to celebrate the season of love. The curated gift guide serves to highlight the public’s passion for pop art in a series of NFTs and prints by in-demand artists.
The highlight of the sale includes Drowning in Love, the world’s first NFT generated by real-life auction data. Virtual artist MonoC incorporates a minimum of 100,000 data points to drive algorithms rendering the video — meaning that how well each lot performs directly impacts the final outcome. The NFT is also accompanied by music developed in a similar fashion, created in collaboration with Hong Kong composer Terrence Ma (T-Ma). Other notable pieces include Her Body is Metal by digital artist Maciej Kuciara and Love, Me by Bangkok-based illustrator Lili Tae.
Drowning In Love will premiere as a live telecast on Phillip’s website with an opening bid of $1000 HKD (approximately $128 USD). The auction is now available online and will close on 22 February at 6 p.m. HKT.