’Beeple’ also known as Mike Winkelmann is now commonly known for selling the richest piece of digital art (NFT) in history. But for 13 years (2007-2020) the most he ever got for an art piece was $100. In March 2021 he made history selling a digital art piece for $69.3m. The NFT was named ‘5000 Days’ a collection of artwork he created everyday for 5000 days since 2007.
The record-smashing NFT sale comes after months of increasingly valuable auctions. In October, Winkelmann sold his first series of NFTs, with a pair going for $66,666.66 each. In December, he sold a series of works for $3.5 million total. And in February, one of the NFTs that originally sold for $66,666.66 was resold for $6.6 million.
NFTs, or non-fungible tokens, are unique files that live on a blockchain and are able to verify ownership of a work of digital art. Buyers typically get limited rights to display the digital artwork they represent, but in many ways, they’re just buying bragging rights and an asset they may be able to resell later. The technology has absolutely exploded over the past few weeks — and Winkelmann, more than anyone else, has been at the forefront of its rapid rise.
(Via The Numbers Game Instagram page)
In other NFT related news, check out our interview with Crypto and NFT expert Gabe Rozsak, who talked about The rising NFT industry and how to monetize it.
https://www.visionary-mag.com/post/an-introduction-into-the-rising-nft-market-and-how-to-navigate-through-it-with-gabe-roszak
Follow us on:
Make sure to share this post and subscribe to our newsletter to receive notifications on our latest posts, as well as exclusive content and much more!