April 28, 2024

Beeple's unique token sold for $ 69.3 million at Christie's

A unique NFT token of American artist Mike Winkelmann, also known by his pseudonymBeeple, was sold for $69.3 million. This was reported on the auction house’s Twitter account.

Tokenized picture “Everydays:The First 5000 Days ”went under the hammer at Christie’s auction. Everydays: The First 5000 Days is a collage of thousands of Winckelmann's works published online since 2007. The works reflect the society's obsession with technology and fear of it, the desire for wealth and dissatisfaction with it, as well as the difficult political history of the United States. The NFT was released on February 16 this year and was put up for auction on February 25. The starting price of the lot was $ 100. Trading closed on Thursday, March 11. A total of 353 bids were submitted for the auction. The last rate was $ 60.3 million, but commissions were also included in the price. The artist expressed his admiration on his Twitter with obscene words.

Christie's declined to disclose the name of the buyer.Beeple collage, noting only that most of the auction participants were closely connected with the world of cryptocurrencies. Bloomberg wrote that the NFT was purchased by Tron CEO Justin Sun. Other sources deny this information. It is unknown whether the buyer will pay with fiat or digital currency, but he will definitely have the opportunity to pay with crypto – the auction house accepts cryptocurrencies for payment.

"Everydays:The First 5000 Days" became the first piece of digital art to be auctioned at Christie's. The NFT was released specifically for the auction house, further highlighting the growing popularity of such tokens. The highlight was the recent sale of a card featuring Homer Simpson as Pepe the Frog for 205 ETH ($320,000).

Unique NFT tokens are tokens that are notare interchangeable. Interchangeability means that units of a currency are indistinguishable from each other and can be easily replaced with identical coins - that is, they are equivalent. NFTs are built using smart contracts, which contain specialized information that distinguishes tokens from each other. Each unique token contains a code that indicates that it is a specific asset with its own digital identity, so they are convenient for confirming ownership of a digital art object.

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