The classic painting "Salvator Mundi" by Italian Renaissance master Leonardo da Vinci was sold at Christie's in New York in 2017 at a sky-high price of US$450 million, making it the highest-priced artwork in history. Valuable paintings are now converted into NFT permanent collections.
"Savior Mundi" converted to NFT
The release of this NFT is a collaboration between the world-renowned art image library Bridgeman Images and the digital asset platform ElmonX. Bridgeman Images said in a statement :
As the world's leading specialist in the licensing of reproductions of fine art, cultural and historical media, we are delighted to partner with ElmonX, an expert at the forefront of NFT art creation. …opportunity to create unique and high-quality NFTs for large collections.
At present, the "Savior of the Mundi" NFT has been officially released on August 13. According to the official information of Opensea, a total of 660 pieces of this series have been issued and deployed on Ethereum.
Collectors who have successfully minted are also happy to share their NFT simulation images on the community.
ElmonX has previously released NFTs of other well-known paintings
In fact, this is not the first time that a well-known painting has issued NFT. The previous NFT cooperation between the two parties also includes: Da Vinci's "Mona Lisa" (1503), Van Gogh's "Starry Night" (1889), Rodin's "The Thinker" (1904) and Monet's Water Lilies 1907...etc.
The current floor price of the "Mona Lisa" NFT issued in February this year is 1.23 ETH, and the total transaction volume exceeds 132 ETH.
NFT trading volume has plummeted 95% since last year
However, despite seeing traditional well-known art companies embracing NFT, the market continues to slump. The major blue-chip NFT projects, which are indicative, have dropped sharply in terms of price and transaction volume since May last year, and the transaction volume has plummeted by 95% from $17 billion in January 2022.
Not only that, but during this painful downturn, the relationship between NFT technology and digital creators has become more ambivalent. The "NFT" technology that originally advertised the return of creative income to the creator, with the fierce competition of trading platforms, "zero-royalty" transactions prevailed.
Further reading: NFT royalties continue to decrease, 4 ways creators can cope
For creators, under the background of declining buying momentum in the primary market and the inability to continue to receive royalties for previously sold works, there is no incentive to use NFT as a medium for creation, which means that the possibility of NFT innovation will also increase. reduce.
According to Nansen data, royalties once reached US$269 million in January 2022, but only US$4.3 million remained in July this year. Research firm Nansen also said that the ratio of royalties paid per transaction has dropped from 5% to 0.6. %.
