Generative artist Dmitri Cherniak’s Ringers #879 non-fungible token (NFT) sold for a full price of $6.2 million on Thursday during a live auction at Sotheby’s auction house in New York City that featured artworks seized from bankrupt crypto hedge fund Three Arrows Capital (3AC). Sotheby’s Head of Digital Art and NFTs Michael Bouhanna shares insights into the auction and how Sotheby’s is moving into the digital art space.