When Beeple made $69 million with Digital Art NFT

  • Beeple is among several well-known NFT artists, who make digital art and sell it as NFT.
  • His best-known art is known as “Everydays – The First 5,000 days”, which has sold for $69 billion.
  • NFTs are non-fungible tokens and cannot be traded with each other unlike crypto assets that can be exchanged with each other.

A life-changing art

Mike Winkelmann, popularly known as Beeple, is a digital artist, well known for his “Everydays – The First 5,000 Days” digital art. Which sold for $69 million at Christie’s. This sale sent him among the 3 most valuable living artists.

The record-breaking digital art salt came after months of rising value auctions. In October 2020, Beeple sold its NFT series. The pair sold for $66,666.66 each. In December, he sold digital art for $3.5 million. And again, the NFT he sold for $66,666.66 was resold for $6.6 million.

NFT is a non-fungible token, separate files on a live blockchain that are capable of validating ownership of a virtual work of art. Acquirers generally obtain restricted rights to display the digital art they represent.

Why is Beeple NFT so valuable?

A handful of factors explain why Beeple’s digital art has become such a prized possession. One of the factors is that he has built a huge fan base, with around 2.5 million social media followers. And he’s reputedly prolific: As part of a project known as “Everydays,” Beeple creates and publishes latest digital art “every day.”

The NFT market has exploded. If we look at the last two years. For collectors who believe that digital art will be acquired and traded in the future, rising values ​​are nothing in contrast to what NFTs will be worth down the road, when the rest of the planet realizes their value.

The $69 million piece, Everydays: First 5,000 Days was a collage of Mike Winkelmann’s work initiated at the start of the project, when he made rough sketches and published them. It goes through years of years of evolving forms and virtual landscapes until the initiation of the project, when it is displayed extremely raw political digital arts.

For those who are new to the NFT industry, believe the technology is here to stay. $66,666.66 Beeple NFT buyer Pablo Rodriguez-Fraile resold this NFT 100 times, that too just 4 months later, started collecting digital art a year ago year and co-founded the Museum of Crypto Art in part to exhibit his evolving collection.

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