Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DRAFTKINGS INC.

(DKNG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DraftKings : 'CryptoPunk' NFT sells for $11.8 million at Sotheby's

06/10/2021 | 01:33pm EDT

* Sotheby's NFT sale fetches $17.1 million

* Alien CryptoPunk sold for $11.8 million

* Sotheby's opens virtual gallery in Decentraland

LONDON, June 10 (Reuters) - A non-fungible token (NFT) of a digital artwork called a "CryptoPunk" sold for $11.8 million on Thursday, auction house Sotheby's said.

CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017. The one sold by Sotheby's -- "CryptoPunk #7523" -- is of the sought-after Alien variety with blue-green skin, and wearing a medical mask.

The work is in the form of an NFT - meaning it is authenticated by blockchain, which certifies its originality and ownership. The NFT is sent to the buyer's cryptocurrency wallet; no physical artwork changes hands.

"CryptoPunk #7523" was sold for $11,754,000 as part of the Sotheby's online auction "Natively Digital: A Curated NFT Sale", which fetched a total of $17.1 million across works by 27 digital artists.

It was bought by the Israeli entrepreneur Shalom Meckenzie, who is the largest shareholder of digital sports company DraftKings, Sotheby's said.

Michael Bouhanna, Contemporary Art Specialist at Sotheby's said the sale demonstrated continued strong demand for NFTs.

"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works."

Anyone can view the artworks the NFTs represent, but only the buyer has the official status of being the owner.

SOTHEBY'S IN THE METAVERSE

Although the sale was on online auction, the works were displayed on screens in Sotheby's exhibitions in New York, London and Hong Kong.

Sotheby's also opened its first ever virtual gallery: a replica of its real-world building on New Bond Street in London, in the online virtual world Decentraland.

Decentraland is a blockchain-based virtual world, in which users can walk around with friends, visit buildings, go to events and display their NFT artwork collections.

"To those who say, "yeah but you can't hang 'em on your wall", this is where virtual social worlds like Decentraland come in," said Dave Carr, a spokesman for the Decentraland Foundation.

"Virtual worlds are the natural home of digital art NFTs."

NFTs exploded in popularity in February and March. An NFT artwork fetched $69.3 million at Christie’s, in the first sale by a major auction house of an artwork with no physical form.

Sotheby's first NFT auction was in April, with digital works by the artist known as "Pak" fetching $16.8 million.

"Quantum" by Kevin McCoy, a simple geometric animation also featured in Thursday's auction, sold for $1.47 million. Sotheby's said it was the first NFT ever made, having been "minted" in 2014. A work by Pak was also sold for $528,200. (Reporting by Elizabeth Howcroft; additional reporting by Aleksandra Michalska; editing by Philippa Fletcher)


ę Reuters 2021
All news about DRAFTKINGS INC.
06:30aSOCIAL BUZZ : Wallstreetbets Reddit Stocks Mixed Premarket Wednesday
MT
06/22SHAREHOLDER ALERT : Pomerantz Law Firm Investigates Claims On Behalf of Investor..
PR
06/19DRAFTKINGS ALERT : Bragar Eagel & Squire, P.C. is Investigating DraftKings, Inc...
BU
06/18SOCIAL BUZZ : Wallstreetbets Reddit Stocks Mixed Premarket Friday
MT
06/17ONGOING INVESTIGATION ALERT : The Schall Law Firm Announces it is Investigating ..
BU
06/17SOCIAL BUZZ : Most Reddit-Supported Stocks Down Premarket; Electric Vehicle Star..
MT
06/16SOCIAL BUZZ : Wallstreetbets Stocks Lower as AMC, Clover Health, BlackBerry Drop
MT
06/16SOCIAL BUZZ : Most Wallstreetbets Stocks Trade Lower, Sports Betting Company Dra..
MT
06/16SHAREHOLDER ALERT : Pomerantz Law Firm Investigates Claims On Behalf of Investor..
PR
06/15NEWS HIGHLIGHTSá : Top Company News of the Day
DJ
More news
Financials (USD)
Sales 2021 1 170 M - -
Net income 2021 -1 210 M - -
Net cash 2021 1 469 M - -
P/E ratio 2021 -17,9x
Yield 2021 -
Capitalization 20 146 M 20 146 M -
EV / Sales 2021 16,0x
EV / Sales 2022 11,7x
Nbr of Employees 2 600
Free-Float 45,7%
Chart DRAFTKINGS INC.
Duration : Period :
DraftKings Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DRAFTKINGS INC.
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 50,16 $
Average target price 68,85 $
Spread / Average Target 37,3%
EPS Revisions
Managers and Directors
NameTitle
Jason D. Robins Chairman & Chief Executive Officer
Jason K. Park Chief Financial Officer
Paul Liberman Director, President-Global Technology & Product
Travis Dunn Chief Technology Officer
Jennifer Aguiar Chief Compliance Officer
Sector and Competitors
1st jan.Capitalization (M$)
DRAFTKINGS INC.7.73%20 146
EVOLUTION AB74.84%36 411
SANDS CHINA LTD.-1.62%35 223
GALAXY ENTERTAINMENT GROUP LIMITED0.25%34 309
FLUTTER ENTERTAINMENT PLC-2.40%34 001
CAESARS ENTERTAINMENT, INC.40.45%21 769