The OG Nyan Cat meme uploaded to YouTube in 2011. Gif: Chris TorresNyan Cat is popping 10 years outdated in April (really feel outdated but?), and to have a good time the anniversary of one of many web’s most healthful memes, the artist behind the gif, Chris Torres, put a newly remastered model up for public sale. On Friday, the piece bought for 300 Ether on the crypto artwork platform Foundation, which interprets to roughly $587,000 primarily based on the cryptocurrency’s worth on the time of publication.In an interview with the Verge, Torres stated he doesn’t ever plan to promote one other authentic picture file of Nyan Cat, which means this gif’s patron now owns a really one-of-a-kind piece. “I believe it’s cool understanding you personal the one piece in existence,” he advised the outlet. “And I really feel like Nyan Cat will probably be a extremely particular one to personal.” Torres made a collection of tweaks and modifications to the just about decade-old gif, which included enlarging the gif and making minor touch-ups to the artwork to appropriate particulars that bugged him through the years. For instance, one explicit star would seem and disappear randomly within the authentic 12-frame animation, so he took this chance to simply take away it totally. Torres advised the Verge that he thought the remastered model “turned out very well this time round.” If your eyebrows shot up at that multi-thousand-dollar price ticket, you need to know that the crypto artwork market is having one hell of a second. Quite a lot of on-line platforms have sprung up in recent times equivalent to SuperRare, Zora, and Nifty Gateway the place artists and patrons trade digital works price hundreds of real-world {dollars}. Foundation is among the latest faces on the scene, having launched simply two weeks in the past, however it’s already reportedly recorded $410,00 in gross sales, per the Verge. G/O Media could get a feeThese crypto artwork platforms usually promote works by way of “non-fungible tokens,” or NFTs, blockchain-based digital tokens that symbolize distinctive belongings. Since NFTs aren’t divisible and no two are alike, their possession might be verified and tracked by way of blockchain. Though it must be famous that on many crypto artwork platforms, the precise gross sales, equivalent to that of the new-and-improved Nyan Cat gif, are made with Ether, a cryptocurrency that runs on the Ethereum blockchain and is second solely to Bitcoin by way of market capitalization and quantity, in response to Reuters.The crypto group has been buzzing about NFTs for some time, however conventional branches of the artwork world have solely lately begun embracing blockchain know-how. This week, Christie’s famed public sale home introduced its first-ever public sale of a purely NFT-based assortment: “Everydays: The First 5000 Days” by Beeple, a digital artist whose NFT-based collection of digital works bought for $3.5 million in December. Christie’s additionally confirmed with Bloomberg that it plans to simply accept Ether as fee for the paintings’s principal worth (collectors will nonetheless have to make use of old school {dollars} to cowl any extra public sale home charges).