A JPG file made by a digital artist known as Beeple sold Thursday for almost $70 million by Christie’s auction house. That price set a new record for the increasingly popular market for digital-only art — and makes Beeple’s piece the third most-expensive work sold by a living artist at auction, according to a statement by Christie’s.The artwork, a digital collage called “Everydays — The First Five Thousand Days,” is what’s known as an NFT, or nonfungible token. NFTs signal ownership and authenticity of digital works of art by recording the sale through blockchain technology.Blockchains record cryptocurrency transactions; the records can be shared but not duplicated.”Artists have been using hardware and software to create artwork and distribute it on the internet for the last 20 plus years but there was never a real way to truly own and collect it,” Beeple, whose real name is Mike Winkelmann, said in a statement Thursday. “I believe we are witnessing the beginning of the next chapter in art history, digital art.”The South Carolina graphic designer made “Everydays” by posting a new work of art online every day for 5000 days, a project he began in 2007. He then stitched those images together to complete the piece.
- What is a non-fungible token (NFT)?
- Beeple: Artist Behind Record-Breaking NFT Digital Artwork | Christie’s
- $70 million paid for digital artwork that “doesn’t physically exist”- BBC News
- Watch Beeple React to the Historic $69.3m Sale of His Digital Work at Christie’s
- @The Market – RECORD NFT SALES & THE FUTURE OF REAL ESTATE TECH