Elon Musk’s SpaceX to Send Jeff Koons 125 Miniature Sculptures NFTs to the moon 

NFTs, are all the frenzy at the Art Basel fair in Switzerland, where the world of digital assets is taking off.

Artist Jeff Koons plans to send 125 miniature sculptures to the moon with multi-billionaire Elon Musk’s company SpaceX.

Also, Read this, Elon Musk might face a $258 billion Lawsuit for supporting Dogecoin

The sculptures are set to be installed 384,400 kilometers (238,855 miles) apart from their owners and will be sold as NFTs, which work like certificates of ownership.


The “Moon Phases” sculptures come with a photo of their lunar location. The buyers will likewise be able to take home a sculpture with a gemstone marking their extra-terrestrial counterpart’s place on the moon.

Pace gallery director Marc Glimcher mentioned that they were also seeing it for the first time, he unveiled a moon-shaped sculpture about the size of a beach ball at his stand in Basel.

In addition, at Art Basel, Turkish artist Ozgur Kar’s LCD display of a man surrounded by skeletons is being traded by the French gallery Edouard Montassut.

You may also like, SpaceX and NASA to launch Azuki NFTs into Space

To use rather than collect, the new distribution of NFTs

The Vive Arts platform, proposes a dive into digital art with the support of augmented reality glasses, presenting an avatar of the German artist Albert Oehlen in a 3D universe.

The fair, which ran from June 16-19, also featured a host of non-digital works from an installation by Franco-Chinese artist Huang Yong Ping representing a kitchen spread with giant cockroaches, to a series of portraits sculpted in wood by Franco-Cameroonian artist Barthelemy Toguo.

A spider sculpture by the French-American sculptor Louise Bourgeois snatched $40 million.

With the sales of yachts, luxury cars, watches, and jewelry, the art market recovered strongly in 2021 after the fright of the pandemic in 2020.

The stock market bounced sharply last year, surging the coffers of the ultra-rich and inflation is giving affluent collectors yet another excuse to splash out on a multi-million-dollar painting.

“Pace” is one of the few prominent galleries to have embarked into the field of NFTs. According to Clare McAndrew, author of an art market report for Art Basel, only 6 percent of galleries sold NFTs in 2021.

Since the rise in August 2021, NFTs have descended. While art-related NFT sales volumes skyrocketed to $945 million in August, they fell to $366 million in January and then to $101 million in May, as per McAndrew’s records.

Although, these ups and downs don’t bother the owner of the Pace gallery though, who thinks that NFTs represents a new method for distributing digital art. 

Hungry for more information?

Check out the Latest NFT News!

For more interesting updates on NFTs, connect with NFTHI on Twitter and Instagram.

Join us on Telegram!

NFTHI does not recommend any kind of Investment in NFTs or NFT trading. All the strategies are merely educational references.

Conduct thorough research before you start with NFT trading.

Share This Post

Related Posts

Wimbledon to Honors 100 year with NFT Collection 

Wimbledon is introducing NFTs to celebrate 100 years of...

Women Rise NFT Founder Joins Instagram’s Alpha Cohort

Just yesterday, we covered the news that Instagram is launching...

OpenSea NFT Marketplace reveals new policy to counter NFT Scams

NFT scams or say, asset theft, remains one of...

VeeFriends and MaryRuth’s Introduce Responsible Anteater Multivitamins 

Gary Vaynerchuk's immensely famous VeeFriends NFT line is collaborating...

MTV Music Awards to include Best Metaverse Performance Category

For the first time ever, MTV Video Music Awards...