This NFT From Digital Artist Beeple Just Sold for a Record-Smashing $69,346,250

A non-fungible token (NFT) created by digital artist Mike Winkelmann, known as Beeple, has sold for a record price of $69,346,250 at Christie’s auction house.


The artwork called “Everydays: The First 5000 Days” is a collage of 5,000 unique images that the artist made – one per day for nearly 14 years. It was minted exclusively for Christie’s on February 16th, and is the first purely digital NFT-based artwork to be offered by a major auction house.

Source: Christie’s

NFTs have unique cryptographic properties, which means that a blockchain can verify the originality and ownership of such digital assets, which include artworks, parcels of virtual lands, and collectibles.

Says Christie’s post-war and contemporary art specialist Noah Davis,

“Christie’s had never offered a new media artwork of this scale or importance before. Acquiring Beeple’s work is a unique opportunity to own an entry in the blockchain itself created by one of the world’s leading digital artists.”

A 10-second video clip from Beeple featuring Donald Trump sold for $6.6 million on the NFT marketplace Nifty Gateway last month. Christie’s says the latest record-setting sale positions the South Carolina-based graphic designer as one of the top three most valuable living artists today.


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Featured Image: Shutterstock/jamesteohart


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Price analysis 3/12: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, BCH

Bitcoin (BTC) missed hitting a new all-time high on March 11 by just a whisker as Oracle Corporation denied rumors that it had purchased about 72,000 Bitcoin. This suggests that traders could be looking for signs of greater institutional adoption to boost Bitcoin’s price further. 

One of the main factors that may have kept several institutional investors at bay is the lack of regulatory clarity but this could be on the verge of changing.

 In a recent interview on the Thinking Crypto podcast, Hester Peirce, a commissioner at the United States Securities and Exchange Commission, said that Gary Gensler’s nomination to be the President of the SEC could lead to greater regulatory clarity being given to the crypto sector.

Daily cryptocurrency market performance. Source: Coin360

If that happens, several institutional investors may jump in and purchase Bitcoin. Another possible instrument that may attract both institutions and retail investors is a Bitcoin ETF. Just this week, New York-based asset manager WisdomTree joined the list of aspirants who are seeking the SEC’s approval to launch a Bitcoin ETF.

Crypto traders are likely to keep a close watch on these developments as they could prove bullish for Bitcoin. Until the next trigger, will Bitcoin and altcoins remain in a range or correct to lower support levels? Let’s study the charts of the top-10 cryptocurrencies to find out.