The second edition Non-Fungible Token (NFT) collection of the most watched YouTube video, Baby Shark, is set to open for minting by the end of this month.
The Baby Shark pop-culture video and its themed NFT will be up for minting on the MakersPlace, an NFT trading platform for rare and authentic collections.
The launch of the second edition of the Baby Shark NFTs was fueled by the massive embrace and growing demand that followed the first collection released. Dubbed the Baby Shark: Collection No. 2, the Baby Shark NFT collection will feature all the characters in the Baby Shark family, including Mommy Shark, Daddy Shark, Grandma Shark, and Grandpa Shark.
“Baby Shark: Collection No. 2 will make history as it offers a new and animated way to interact with its global fan base. After the initial NFT sell-out, MakersPlace is proud to partner with Baby Shark to enhance a deeper commitment to their collective audiences,” says Craig Palmer, CEO of MakersPlace.
This second edition Baby Shark collection will be released in three phases, including the Summer/Spring, the Fall Edition, and the Winter Edition respectively. As detailed, the NFTs will brandish different features with the development team, noting that there will be some infused surprises.
Access to the minting on August 31 is for the Spring/Summer Edition and will be based entirely on an Allowlist. Registration is already ongoing for the Allowlist.
Unlike many of the random NFT collections around today, the Baby Shark NFT is being pitched as one with a number of utilities which includes granting its holders access to new NFT collections. In addition to these, Baby Shark NFT holders will gain “entry into raffles for prizes like tickets to Baby Shark events, merchandise, and custom digital content. Collectors will also have priority access to limited goods and immersive experiences both on and offline.”
The clamour for NFTs is growing by the day, and the Baby Shark embrace of this technology lends credence to the broadening number of entertainment brands exploring the tech as an option to connect with more fans worldwide.
Non-Fungible Token (NFT) trading platform MakersPlace today announced the completion of a $30 million Series A financing jointly led by Bessemer Venture Partners and Pantera Captial.
This time, the funds raised will provide a platform with better tools and services for digital creators and develop various ways to introduce creators’ digital art and NFT to mainstream collectors and audiences.
Other existing investors include Uncork Capital, Draper Dragon Digital Assets, 9Yards Capital, Coinbase Ventures, and Sony Music Entertainment.
The following strategic investors include Acquavella Galleries, Sabrina Hahn and Bill Ruprecht in the arts; Eminem, Paul Rosenberg, 3LAU in music, Larry Fitzgerald and Shari Glazer in sports; Eric Baker, Julia and Kevin Hartz, Vinny Lingham and Tobias Lütke in tech, to participate in this financing.
It is reported that the number of collectors using the MakersPlace platform has increased by more than ten times in 2021, and the transaction volume has exceeded $100 million.
The MakersPlace NFT trading platform has always been committed to supporting talented digital artists and providing a trusted platform to showcase their digital artworks to a global audience.
The most memorable event in history is that MakersPlace, in cooperation with Beeple and Christie’s, jointly completed the largest A non-fungible token (NFT) based on an artwork called “The First 5,000 Days” by Mike Winkelmann, popular known as Beeple auction-which has been auctioned for approximately $69.3 million that now ranks as the biggest sale to date.
In addition to MakersPlace embarking on the path of financing development and expansion, another well-known NFT trading platform giant OpenSea announced the completion of a $100 million Series B financing and officially joined the crypto unicorn track as reported by Blockchain.News on July 21.
Beeple released two “Everydays” pieces in an edition of 7 through MakersPlace last week. They were sold for only $7.
The pieces have commanded hefty sums on the secondary market, with one already selling for 158 ETH.
As the NFT space attracts more interest, Beeple’s work has been valued at a high premium.
Share this article
Two limited-edition Beeple pieces released last week have been valued at a premium of up to 50,000x on the secondary market.
$7 NFTs Selling for Six Figures
Beeple organized two surprise drops through MakersPlace, the same marketplace that arranged his historic Christie’s sale, last week. Each piece was released in an edition of seven and priced at $7. Would-be buyers were required to enter a raffle within a few minutes to be eligible to purchase the pieces.
The first raffle, which happened in the early hours on Wednesday, ran for 30 minutes. Another piece was sold on Saturday with a time window of only 21 minutes to enter.
Both pieces form part of Beeple’s now-famous “Everydays” project, in which he’s created a new piece of artwork daily since May 2007.
Despite the short timeframe, there were more than 16,000 entries across the two raffles. The winners then had 24 hours to make the $7 purchase.
Since the sale closed, the pieces have hit six-figure valuations on the secondary market.
One edition of “ILLUMINATED PATH,” the Wednesday release, sold for 158 ETH last night. That’s just over $266,000 at today’s prices.
Several other winners said that they had received six-figure offers after purchasing the pieces. One Twitter user, who also releases NFTs under the alias Corrosive, said that someone had privately offered them $350,000 for the latest piece, titled “TRILL KILL,” within an hour of the auction closing. “This could be truly life-changing for me,” they wrote.
They went onto say that they’d received multiple offers “fairly deep into the six figures.”
Guys, this could be truly life changing for me.
Iv had a private offer for 350K for the Beeple I have just won. This feels absolutely ridiculous to say but if anyone can beat 350k, Id be sorely tempted to let this go, As i said before, this stuff does not happen to me.
— Corrosive (@corrodestuff) March 27, 2021
Many of the editions have received offers that far exceed the $7 price tag, though $350,000 is the highest known bid so far.
Beeple’s NFT Rise
Though unheard of with practically any other asset or piece of artwork globally, 50,000x returns are less surprising today given Beeple’s recent ascent. The digital artist, real name Mike Winkelmann, has been extolled as a shining light of the NFT movement in recent months, thanks in no small part to his historic Christie’s sale in February.
His “Everydays: The First 5,000 Days” piece sold for $69.34 million, shocking the art and crypto worlds at once. The sale makes Beeple the third-most valuable living artist to sell in an auction. It was widely reported in the mainstream media, leading to much skepticism over the value of a “tokenized .jpeg.”
Beeple is arguably the most successful digital artist who’s made a name from tokenizing his work on Ethereum. In addition to the Christie’s sale, several other rare pieces of his have sold for millions of dollars in the last few weeks. “OCEAN FRONT,” released as part of Open Earth Foundation’s CarbonDrop auction, sold for $6 million on Tuesday.
TRON founder Justin Sun, who was narrowly outbid in Beeple’s Christie’s auction in the final seconds, bought the piece.
By creating non-fungible tokens on the blockchain, Beeple and other digital artists have found that they can now assign provable scarcity and ownership to their work. While some have questioned the value of NFTs and their environmental impact, the space has gained huge momentum this year.
Many musicians have embraced the format, while rare “OG” NFTs like CryptoPunks have become highly sought after in recent months.
Given the price speculation some NFTs have attracted, critics have pointed to a possible bubble. Nonetheless, for now, the market seems to think that Beeple’s work is some of the most valuable art on the planet.
Disclosure: At the time of writing, the author of this feature owned ETH and several other cryptocurrencies.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Beeple NFT Now World’s 3rd Most Expensive Auctioned Piece by Living …
Digital art superstar: Beeple’s “Everydays: The First 5,000 Days” has sold for $69.34 million in a landmark moment for the NFT space. Christie’s Hosts Landmark NFT Auction Beeple’s “Everydays: The…
Unpacking the Ecological Debate Around NFTs
The parabolic rise of NFTs has resurfaced heated discussions around crypto’s ecological impact. Though two camps have formed, measuring this impact is much harder than both extremes expect. The NFT…
What is Dogecoin?
So what is the story behind DOGE? How did it become the asset of choice for a group of anti-establishment retail traders in January 2021, and what are the chances…
Aphex Twin Sells Surprise NFT on Ethereum for $130,000
Richard D. James of Aphex Twin joins the NFT boom. Aphex Twin Now on Ethereum The pioneering electronic musician best known as Aphex Twin has sold a tokenized piece of…
Buzzy digital artist Mike Winkelmann, aka Beeple, made NFT history yesterday with his piece, “Crossroads”, netting $6.6 million on the secondary market via Nifty Gateway.
Like many Beeple artworks, Crossroads was inspired by the 2020 U.S. presidential elections. It was designed to feature one of two animations, depending on the outcome of the election — one a triumphant Trump, the other a forgotten, despondent one.
Originally purchased by a user called Pablo for $66,666.60 on Nov 1, the new owner, who chose to remain anonymous, paid almost 100 times more, breaking the price record for a single NFT sale. Previously the record was held by CryptoPunk 6965 which sold last week for 800 ETH, with a sale value of $1.55 million.
Beeple’s work has already captivated art collectors around the world with $3.5 million in sales generated over a single weekend in December on the Nifty Gateway, with some of the artwork being resold the same day at inflated values of more than 1000 times the original price.
Not everyone agrees with the high value being placed on these pieces of digital art with Crypto YouTuber Lark Davis stating Beeple’s $6.6 million NFT sale was a non-sensical purchase:
“This Trump themed #nft just sold for 6.6 million dollars, NFT mania is heating up big time. People showing they have more money than sense.”
The renowned artist is in the process of breaking another record with the first NFT being sold in a traditional auction house. Christie’s is listing the item in partnership with NFT marketplace MarkersPlace for more than two weeks, ending on March 11.
The auction for the piece titled “Everydays: The First 5000 Days”, which started on Feb. 25 for $100, has its estimated value listed as unknown. The listing has already received 120 bids with the latest bid at $2.2 million.
Comprising 5,000 unique images that he produced one each day for almost 14 years, there are themes about society’s obsession with and fear of technology, the desire for and resentment of wealth, and America’s turbulent political scene.
“We’re at this moment in time where there could be a drastic shift—a demographic shift, a generational shift—when it comes to what excites younger collectors,” Christie’s specialist in post-war and contemporary art in charge of the Beeple sale Noah Davis told Art Market Monitor. “Christie’s as an organization is really excited about a moment in time where you see $3.5 million of sales just organically appear out of thin air. That’s something we want to capitalize on.”
Digital artists aren’t the only ones being recognized by this new era of technology with Trevor Jones seeing increased attention for his paintings turned into augmented reality. On Feb. 25 Jones’ open edition art titled “The Bitcoin Angel” sold 4,157 editions within 7 minutes at a price of $777 each, netting the artist more than $3.2 million.
Congratulations to @trevorjonesart
Last night “The Bitcoin Angel” Open Edition closed at 4,157 editions minted for ~3.2M breaking the Open Edition NG record!
