22.5 C
New York
Sunday, June 23, 2024

NFT News Update: Beeple’s painting was sold as an NFT token for $ 69.3 million

British auction house Christie’s held the first auction with a lot in the form of NFT – a digital painting by the artist Beeple was sold for a record $ 69.3 million.

The work, titled Everyday: The First 5,000 Days, is a collage of 5,000 paintings created daily by an illustrator from the US state of Wisconsin under the pseudonym Beeple.

The initial cost of the lot was $ 100, but over the next half hour, the price rose to $ 15 million, and at the last minute, $ 69.3 million was offered for the painting. This amount has become a record not only for the NFT industry, but for the entire field of art. Beeple was the third most expensive painting by a living artist to be auctioned.

If you wish to promote your NFT for free contact NFTTalks over their official NFTTalks Instagram or NFTTalks Twitter account

Only a painting by David Hockney in 2018 and a sculpture by Jeff Koons in 2019 sold more expensive. Miami-based collector Pablo Rodriguez-Fraile noted: “What an amazing moment!

I think this is a clear confirmation that digital art is as important as traditional art, and Beeple is its clear leader and symbol. ” Interestingly, Tron founder Justin Sun also participated in the auction and, as Tron’s head of business and development, Roi Liu, later announced, Sun’s bid was killed at the last moment. The name of the participant who won the auction is unknown so far.

“NFT is a real revolution for our generation. Both Justin and the Tron Foundation are fascinated by this technology and will support the development of the NFT ecosystem, ”Liu said.

In the first months of 2021, NFT transactions amounted to more than $ 400 million.This is already noticeably more than in the entire 2020, when the volume of transactions with collectible tokens amounted to $ 250 million.

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.