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Tron’s Founder Justin Sun Wins TIME’s Latest NFT Auction

Tron's Founder Justin Sun Wins TIME's Latest NFT Auction

Justin Sun, the founder and CEO of TRON, announced today that he had placed the winning bid on one of TIME’s non-fungible tokens. On March 22, TIME Magazine declared a series of three NFTs themed around its 1966 “Is God Dead?” cover. In the days that ensued, the magazine auctioneered six more covers. However, the original covers were once in mass production. Each tokenized digital version is a one-of-a-kind collectible.

Sun acquired the NFT token corresponding to the cover of TIME’s April 2, 1965 edition, titled “The Computer in Society,” and is drawn by Boris Artzybasheff. Moreover, Sun paid over $2,00,000 in ETH for the item when its auction concluded on Wednesday. TIME developed its NFTs on the Ethereum blockchain via Superrare. Nevertheless, Sun states that he will place the token in his NFT fund and assign it as a token on the TRON blockchain. This indicates that the NFT will be put for auction again soon.

Three Other Buyers Hold the TIME’s NFT Collection

Three other buyers own the remainder of TIME’s NFT collection. It involves founder Amir Soleymani, 3F Music founder Farzin Fardin Fard, and Metapurse acquisitions head Veritas Kami. Further, Sun has acquired several NFTs to date. On March 23, he proclaimed that he had bought Beeple’s “Green” NFT art. On March 29, Sun declared his own NFT fund, which will concentrate on buying and tokenizing art pieces worth at least $1 million and a median value of $10 million. Just NFT Fund will sign up famous artists and help promote all its supported creators’ growth.

Moreover, Justin Sun unveiled yesterday that he had bought a Picasso and a Warhol painting. Justin Sun, has bought Picasso’s “Femme nue couchée au collier” for $20 million. He has also purchased “Three self-portraits” by Andy Warhol for $2 million. Moreover, he plans to tokenize both and introduce them to the JUST NFT Fund in the weeks to come. Justin Sun is famous in the cryptocurrency community and is unquestionably one of its most prominent proponents.

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