A digital artwork created by Beeple, sold for almost $70 million at Christie’s auction house this Thursday, March 11. This was the first-ever sale by a major auction house of a piece of art that does not exist in physical form. Read on to find out more about this crypto art.
The artwork titled, “Everydays – The First 5000 Days” is a digital work by Mike Winkelmann, an American artist known as Beeple. The artwork is a collage of 5,000 individual images in total. Each of those images was made per day taking over 13 years for this piece of art to complete. The sale of his artwork for a value of $69,346,250 put Beeple in the list of the top three most valuable living artists, Christie’s auction house mentioned in a recent Tweet.
Beeple Flourishes As An NFT Artist
The artwork is not a regular one. It is a form of a new type of digital asset, called a Non-Fungible Token (NFT). This suggests that it is authenticated by blockchain tech. In other words, Blockchains certify the ownership and originality of such artworks.
Reports suggest that there has been a surge in the market for NFTs in recent months. As the crypto market balloons up, there are more and more enthusiasts and investors who use spare savings to buy up digital items.
This is not the first time that Beeple is making it to the headlines. Only the previous month, a 10-second short video clip featuring an image of a fallen Donald Trump sold for approximately $6.6 million on Nifty Gateway, an NFT marketplace.
In an interview, the digital artist Beeple claims that this form of digital art might be the beginning of a new chapter in the history of art.
