Paris Hilton (Courtesy: ABC News)
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Paris Hilton Fetches $17,000 From Ethereum-Based Artwork

Paris Hilton (Courtesy: ABC News)
Paris Hilton (Courtesy: ABC News)

Art lovers are a plenty across the globe and the globe and they pay high price to purchase their favourite piece of art. There have been times that an artwork from an prominent artist has went up to cost above crores in INR.

American star Paris Hilton, who also serves as heiress of the eponymous hotel network, auctioned the digital painting of her cat for 40 ETH, which is around $17,000. She made the auction on a newly launched Ethereum-based auction platform Cryptograph.

Ahead of the auction, Hilton, had took to Twitter to convey about the auction: “Today I am auctioning off my @Cryptograph of #Munchkin to benefit 3 amazing charities: @LAFoodBank@MealsOnWheels@BB4Homeless. The auction is live now for the next 72 hours at,” she said.

“Every Cryptograph that is sold on our platform supports a charitable cause and every time a Cryptograph is bid on or transacted, it automatically raises money for its charity, creator, and for our company Perpetual Altruism,” Cryptograph co-founder Hugo McDonaugh previously told Decrypt in an interview.

Meanwhile, the first-eve cryptograph was created and sold by Vitalik Buterin, a co-founder of Ethereum, for 77.35 ETH ($33,300 today) on July 11. At the time, Adirolls also tried to buy it for 70 ETH ($30,200 currently) but was outbid.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.