Justin Sun, the CEO of TRON, has won the latest NFT auction held by TIME

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Sun intends to reissue the NFT on the TRON blockchain behind the magazine cover.

Justin Sun, the founder and CEO of TRON, revealed today that he has won a bid on one of TIME’s non-fungible tokens.

Time NFT is won by TRON’s leader

TIME Magazine released three non-fungible tokens (NFTs) themed around its 1966 “Is God Dead?” cover on March 22. Six more covers were auctioned in the days that followed.

Despite the fact that the original covers were once mass produced in large quantities, each tokenized digital edition is a one-of-a-kind collectible.

Sun purchased the NFT token that corresponded to the cover of TIME’s April 2, 1965 issue, titled “The Computer in Society” and drawn by Boris Artzybasheff. When the item’s auction finished on Wednesday, Sun paid more than $200,000 in ETH for it.

Through the blockchain firm Superrare, TIME built its NFTs on the Ethereum blockchain. Sun, on the other hand, says he’ll keep thetoken in his own NFT fund and issue it as a TRON token. That means the NFT will be auctioned off again soon.

Three other buyers own the rest of TIME’s NFT collection: Amir Soleymani of Adelia.arte, Farzin Fardin Fard of 3F Music, and Veritas Kami of Metapurse Acquisitions.

Sun’s Other NFT Acquisitions

Sun has already won a number of NFTs. He revealed on March 23 that he had purchased Beeple’s “Green” NFT art.

Sun launched his own NFT fund on March 29th, with the aim of buying and tokenizing art pieces worth at least $1 million and a median value of $10 million.

Sun announced that he had bought a Picasso and a Warhol painting the day before. Despite being released on April Fool’s Day, the news appears to be true: Bloomberg reported the selling of those paintings yesterday, citing Christie’s comments.

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