<p>A non-fungible token (NFT) of a digital artwork called a "CryptoPunk" was sold for $11.8 million on Thursday, according to a tweet by auction house Sotheby's.</p>.<p>The NFT - a blockchain-based asset which certifies ownership of a digital object - was sold as part of the Sotheby's online auction "Natively Digital: A Curated NFT Sale", which runs from June 3-10 and features work by 27 digital artists.</p>.<p>CryptoPunks are a series of 10,000 unique pixel-art characters made by Larva Labs in 2017. The individual one sold by Sotheby's -- "CryptoPunk #7523" -- is of the sought-after Alien variety with blue-green skin, and wearing a medical mask.</p>.<p>Two other Alien CryptoPunk NFTs have sold for more than $7 million each in previous sales. Anyone can view the artworks the NFTs represent, but only the buyer has the official status of being the owner.</p>.<p>For each purchase, the NFT is sent to the buyer's cryptocurrency wallet; no physical artwork changes hands.</p>
<p>A non-fungible token (NFT) of a digital artwork called a "CryptoPunk" was sold for $11.8 million on Thursday, according to a tweet by auction house Sotheby's.</p>.<p>The NFT - a blockchain-based asset which certifies ownership of a digital object - was sold as part of the Sotheby's online auction "Natively Digital: A Curated NFT Sale", which runs from June 3-10 and features work by 27 digital artists.</p>.<p>CryptoPunks are a series of 10,000 unique pixel-art characters made by Larva Labs in 2017. The individual one sold by Sotheby's -- "CryptoPunk #7523" -- is of the sought-after Alien variety with blue-green skin, and wearing a medical mask.</p>.<p>Two other Alien CryptoPunk NFTs have sold for more than $7 million each in previous sales. Anyone can view the artworks the NFTs represent, but only the buyer has the official status of being the owner.</p>.<p>For each purchase, the NFT is sent to the buyer's cryptocurrency wallet; no physical artwork changes hands.</p>