Arts, Entertainment, Culture • Art & Design
2021-03-12T14:00:01+00:00

Crypto art at Christie's: NFT by Beeple fetches $60 million

In an online auction by the renowned auction house Christie's, a record work has just been achieved for the NFT artwork "Everydays: The First 5000 Days".

After 353 bids, 60.25 million dollars flowed for a jpeg with a resolution of 21,069 x 21,069 pixels and a file weight of around 319 megabytes. The difference to other jpegs, however, is that the freshly made but still unknown owner can prove his ownership of the file via blockchain. His ownership is permanently recorded in the Ethereum network. The artwork is linked to a non-fungible token (NFT).

Pentributor:
co-founder of Pendect. Trying to protect free speech and democracies by creating a global news platform that is built through expert contribution. In love with vinyl, psytrance and penguins.
Card reviewed by: @ash