"Everydays: The First 5000 Days"A digital artwork made by artist Beeple (real name: Mike Winkelmann) was auctioned at Christie's yesterday, March 11th, and managed to reach a final bit of $69,346,250. This piece of art was an NFT without being a tokenized representation of a physical item, making it the first completely digitized piece of art being auctioned by Christie's.
The NFT auction was online and Beeple recorded his reaction during the auction in this video clip:
The digital art contained in this NFT token is named "Everydays: The First 5000 Days" and the price paid in this auction is the third highest ever paid for a work of art of a living artist.
For the past thirteen years, Beeple has been creating digital art on a daily basis. The NFT auctioned by Christie's represents a collection of the first five thousand digital artworks created by Beeple and were posted online daily.
Image Taken from Christie's
Details of the token according to Christie's website:
Image Taken from Christie's
(token ID: 40913)
(wallet address: 0xc6b0562605D35eE710138402B878ffe6F2E23807)
(smart contract address: 0x2a46f2ffd99e19a89476e2f62270e0a35bbf0756)
Beeble started his journey on May 1st, 2007. It was when he posted online his first piece of digital art and since that day, he kept creating more and posting one each day, to various social media platforms.
Image Taken From Decrypt.co
Beeple couldn't believe what was happening and reacted by posting this one on his Twitter account:
He is a revolutionary artist that has given fresh air to digital art, and perhaps this auction will be the beginning of an NFT revolution that will bring establishment and a modern era of artistic intelligence being recorded in blockchain.
Image Taken From Techcrunch
However, as with everything there is a dark side with NFTs too. There are flaws and many scams will certainly appear.
Bitcoin.com reports about many incidents that happened recently, and a big debate going on about the feature of immutability on the NFT field.
“What happens if you buy someone’s tweet and then they delete it?” - Jameson Lopp
It seems that this happens:
It is controversial to see tweets selling for millions of dollars and there is a lot of criticism with many people not being convinced if tokenizing Tweets in digital form will have an actual use case.
NFTs are a hot topic right now as was expected for a while. Ethereum is the main platform for artists and other creators, but lately focus is shifting to other blockchains like Bitcoin Cash and Matic, as Ethereum has reached a point where it can't serve the masses, being congested with high fees for more than one year.
Screenshot Taken From Twitter
Bitcoin.com has published lately a step-by-step guide to create and sell NFTs built inside the Bitcoin Cash blockchain.
Find out more on Beeple and NFTs :
Beeple's Website: https://www.beeple-collect.com/
Bitcoin.com: NFT Immutability Debate Grows
Techcrunch: If you haven’t followed NFTs, here’s why you should start
Cointelegraph: Nonfungible Tokens (NFT) - The Quick Guide
Christie's: https://www.christies.com/en
Lead Image Taken From Christie's.
This is a repost from my READ.CASH account https://read.cash/@PanteraOriginal Post: https://read.cash/@Pantera/beeples-nft-artwork-sells-for-693-million-8a1c0753
