Jeff Koons is working on a moon-themed NFT collection

The sculptor Jeff Koons is certainly not taking a “small step” in the NFT market.

For his first NFT collection, Jeff Koons says he will be creating an assortment of space-themed sculptures with accompanying NFTs. For added enjoyment, the American artist plans to send some of his physical sculptures to the lunar surface by the end of 2022.

While Koons hasn’t released any details about what his new art project will portray, he says his NFTs will focus on the history of space exploration. The literal launch of “Jeff Koons: Moon Phases” will take place in Cape Canaveral to coincide with the 50th anniversary of the Apollo 17 moon landing.

A percentage of the turnover for “Jeff Koons: Moon Phases” NFTs goes to the NGO Doctors Without Borders.

People in the art community have known for a while that Koons was interested in NFTs. In 2021, Koons announced in Munich that he was working on his first set of digital collectibles. Koons has also grown closer with digital art gallery Pace Verso, which will cover the upcoming “Jeff Koons: Moon Phases” auction.

If past sales are any indication, Koons’ first NFT collection could become one of the most profitable NFT projects. Koons is already the most financially successful living artist today and he holds some of the all-time records for sculpture sales.

Most famously, Koons sold his animal-inspired balloon Rabbit for $91.1 million in 2019. By comparison, the highest price for a single NFT remains the $69 million purchase of Beeple’s “Everydays – The First 5000 Days”.

NFTs and crypto are going ‘galactic’

While Jeff Koons’ space mission marks the first time physical artwork has landed on the moon, it isn’t the first time crews have sent NFTs into space. In the summer of 2021, Artemis Music Entertainment sent an audio copy of Debussy’s “Clair de Lune” to the International Space Center and then hit it as an NFT. The artist Micah Johnson also sold an NFT entitled “Why Not Me”, which traveled into space for the first time.

The lucky travelers at the launch of Elon Musk’s Inspiration4 also took NFTs into space. The band Kings of Leon agreed to send an NFT version of their song “Time in Disguise” on an iPhone during Inspiration4’s spaceflight in 2021.

Musk himself has said that he will launch a satellite to celebrate his favorite cryptocurrency: Dogecoin. In fact, SpaceX’s DOGE-1 satellite received most of its funding in the popular meme token. Musk also accepts Dogecoin for select merchandise on Tesla’s website.

While these announcements suggest that space NFTs are in high demand, collectors shouldn’t expect official NASA digital tokens anytime soon. NASA said publicly that it will not use NFT technology for its images and media. The US space agency’s main problem with NFTs is that they create copyrights on the blockchain for their owners. NASA wants the public to be able to freely use its photos for educational purposes.

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