It was a collector’s item purchased to 3AC co-founders Su Zhu and Kyle Davies in August 2021 for roughly 1,800 ETH – roughly $5.8 million at the time. Michael Bouhanna, Sotheby’s head of digital art and NFT, told CoinDesk that the work is a major highlight of Cherniak’s portfolio and “one of the most significant works of the generative art movement.”