Kingdom of the Laughing Man NFT Collection by Yue Minjun Sells Out in Record Time

LiveArt, the Web3 Platform for Art and Culture, has accomplished a groundbreaking achievement today. The much-anticipated NFT collection titled "Kingdom of the Laughing Man: Boundless," created by renowned Chinese contemporary artist Yue Minjun, was sold out in less than two hours.

Yue Minjun, celebrated for his captivating artistic creations, marked his digital debut by launching a collection of 999 unique NFT artworks priced at USD 700 each on the LiveArt.xyz platform.

The collection reached a total sales volume of $1 million within just one hour of its launch, persistently dominating the trends on major NFT marketplaces such as OpenSea and Blur. Presently, these exquisite pieces are available on OpenSea's secondary market.

Boris Pevzner, CEO and co-founder of LiveArt, expressed his admiration for Yue Minjun's step into the Web3 realm, saying, "Yue Minjun is one of the most significant traditional artists to embrace Web3, and he sets the benchmark for the potential that can be realized when traditional artists place their trust in us to navigate their journey into the world of Web3."

For enthusiasts of Yue Minjun's NFTs, the upcoming week holds a trove of excitement as the final artworks are unveiled exclusively for collectors.
Among the collectors, five will discover that they hold an exceptionally rare NFT from the collection, accompanied by a print personally signed by the artist himself.
Vincent Harrison, the founder of IV gallery and a partner at LiveArt, elaborated on the unique opportunities awaiting collectors, stating, "All collectors will have the opportunity to purchase a signed work on paper of their NFT for USD 1,800. Given the auction records of Yue Minjun’s works on paper, this offers an exceptional collecting prospect."

This captivating journey with Yue Minjun's NFTs is far from over, as subsequent releases will introduce 3D animated artworks and culminate in an Interactive Immersive Experience that promises to redefine the boundaries of art engagement.

LiveArt's partnership with Yue Minjun is only the tip of the iceberg. The platform has an array of thrilling NFT releases in the pipeline, not only with Minjun but also featuring other "Blue Chip" artists. This solidifies LiveArt's standing as the premier destination for "fine art" within the vibrant realm of Web3.

About LiveArt

LiveArt, a brainchild of art market veterans from Sotheby's and Christie's, boasts backing from Binance Labs and Animoca Brands. The platform has emerged as the global powerhouse for art and culture in the Web3 universe. Through an innovative blend of AI, blockchain technology, and profound art market insight, LiveArt delivers exclusive Web3 collecting experiences to a diverse global audience.

Fuelled by the $ART utility token, the LiveArt Protocol anchors the LiveArt ecosystem, offering unique value through membership and loyalty programs tailored for the vibrant communities of LiveArt and its partners.