Haru Invest, a top digital asset management company, will host the Keith Haring NFT sale from December 1 to December 10, 2021. The NFT is Haring's original artwork (1980) called "Untitled." According to Artprice, it is an excellent investment with an average return on investment of 208%, and its auction volume has more than tripled since 2010.
"Untitled" has Keith Haring's highly valued signatures - a heart icon, a happy face, and primary colours with a high chromatic value. The two-eyed smiling face in "Untitled" is considered an early form that lasted from 1980 to 1981, and it varies from the more well-known three-eyed face version.
Keith Haring's NFT on Sale
As mentioned, the NFT sale will begin on December 1, 2021. It will offer a unique investment opportunity to NFT enthusiasts and investors.
The Keith Haring NFT, unlike other NFTs, has inherent value. It corresponds to and is exchangeable with the original physical artwork. The NFT buyer must select whether to keep the digital NFT or swap it for the initial physical artwork. The NFT will be burnt in return for the original physical artwork. In addition, the original physical artwork will be destroyed if the buyer decides to keep the NFT.
The NFT will be sold using a draw system, with participants entering a pool upon application. Keith Haring's NFT will be purchased by a lucky winner chosen at random from a pool of potential purchasers.
As mentioned, the NFT sale will take place on Haru Invest. Haru Invest, founded in 2019, is a leading digital asset management firm that offers one of the best earn rates in the industry on BTC, ETH, and USDT deposits. Haru Invest has attracted customers from over 100 countries. It has achieved a total transaction volume of $1 billion in November 2021, with zero security breaches so far and a comfortable user experience.
"With the rapid rise of NFT, we are excited to offer this unique investment opportunity to our investors. I believe that NFTs with intrinsic value will be the real growth drivers of the NFT market in future. Haru Invest aims to create an NFT market with intrinsic value, and Keith Haring NFT will be the start of that," said Hugo Lee, CEO of Haru Invest.
NFTs are not a new concept. They have been around since 2014. However, this year, they began to gain traction, first with gaming and progressively moving into art, virtual real estate, and digital creative works. The overall transaction volume in the NFT market hit $2 billion in the first quarter of this year alone. The amount represents a significant increase from the $140 million exchanged in 2019 and $340 million in 2020.