Artist Mike Winclmann under the pseudonym Beeple sold the collection of its works Everydays: The First 5000 Days. He did it in the form of NFT-tokens for 69.3 million dollars at Christie's auction. Thus, this transaction has become the third among the most expensive deals in art in history. The final auction rate reached 60.3 million dollars, but taking into account all commissions the collection cost an anonymous buyer at 69.3 million dollars. And this is a huge achievement for digital art, which is only gaining momentum. We tell about the situation more.
By tradition, we will start with the explanation. NFT-tokens are one of the main trends in the cryptocurrency industry at the beginning of 2021. In essence, they are digital ownership of a specific subject, which is enshrined in an immutable blockcha. That is, a person can buy a unique job and be sure that no one makes it fake and not steal. This attracts collectors who receive protection against fraudsters and universal proof of their own ownership of a specific object.
Create NFT-tokens is not as hard as it seems. For this, in addition to the work itself - you need to have an etherium wallet and a certain stock of ETH on it. We disassembled in detail the topic of unique tokens in a separate material. There, among other things, the instruction on the creation of NFT and selling their own tweets, as recently made the co-founder of Twitter Jack Dorsey.
Examples of sales of NFT-works
Everydays: The First 5000 Days is a collective work illuminating the path of the artist in the field of art creation over the past thirteen years. It is an association of thousands of artist paintings under the pseudonym Beeple for his entire creative path. Recall, Beeple is the most famous cryptochik, who, until recently, was able to sell work in the amount of more than 28 million dollars.
A total of 353 applications were filed with this work, and in the first hour of trading, the amount of loaf offers 1 million dollars reached. This is the third place among the most expensive works of art sold by a living artist, Decrypt reports. And the fourth place with an amendment to inflation, that is, the depreciation of the usual currency.
The event commented on the founder of the cryptocurrency exchange of BINANCE Chanpen Zhao. He believes that what is happening today confidently determines the future of the industry. Here is his quotation from Twitter.
Although this is the first exclusively digital work of art, soldie's, this is not the first NFT, which left the hammer at the auction. As we have already told, in October last year, the auction house sold the "Portrait" of the creator of Bitcoin Satoshi Dzamoto, consisting of large round canvases, on which historical data on the main cryptocurrency were applied. Although the work itself was physical, it was fixed behind a unique token. The transaction price at that time was 130 thousand dollars.
NFT as a new trend of the digital assets industry does not cease to surprise its rapid growth, which can be compared except with last year's Haip around the sector of decentralized finances. In addition to work Beeple, the unique tokens of Cryptopunks are of particular interest, accompanied by simple illustrations in the pixel-art style. Yesterday, one of these works was sold for 4200 ether or equivalent to $ 8 million. And the amount of the transaction is not as interesting as the net profit of the first buyer of this individual "Cryptopian".
He bought a token back in 2018 at a price of only 15 thousand dollars, reports CryptoPotato. That is, in almost three years, his net profit on the transaction was approximately $ 7.8 million.
And this is an excellent example of the so-called drove, although it is not specifically about cryptocurrency. At the same time, the collector was able to maintain a unique job, wait for a big wave of Haip to digital art and how to earn it. Obviously, three years ago he clearly did not suspect that the work for 15 thousand dollars would rise in price hundreds of times for a relatively short period of time.
From this we can conclude that the NFT sphere will become a cult phenomenon even outside the cryptocurrency industry. Unique tokens give the creators of content an excellent opportunity to successfully monetize their digital artworks, which until recent pores could not be done on a decentralized basis. In addition, the participants in the transaction are protected from fakes and dishonest vendors who would like to make money on stolen works.
We believe that the sale of Mike Winclmann on Christie's has become a new step in the development of NFT-tokenes and the blockchain industry as a whole. Thanks to her, even critics cryptocurrencies will be obvious that modern technologies will seriously improve the life of a person in a variety of spheres, and Bitcoin, Etherumer and other popular coins are not exclusively "speculation tool". Therefore, then it is worth waiting for the popularization of a niche of digital art and more active adoption of blockchas.
Look even more interesting in our cryptocat of millionaires. There will also be discussed there and other important details that affect the industry-assets industry.
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