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DraftKings Largest Shareholder Drops $12 Million On Crypto Artwork

The artwork was sold as a non-fungible token (NFT).

Mairead Elordi
DraftKings Largest Shareholder Drops $12 Million On Crypto Artwork
Pavlo Gonchar/SOPA Images/LightRock

The largest shareholder of DraftKings dropped nearly $12 million on a non-fungible token (NFT), a piece of digital artwork called a “CryptoPunk” on Thursday, according to auction house Sotheby’s.

Shalom Meckenzie, an Israeli entrepreneur and the largest shareholder of digital sports betting company DraftKings won the bidding war for “CryptoPunk #7523” and purchased the crypto artwork for the hefty sum of $11,754,000, Reuters reported.

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