Beeple NFT Fetches Unprecedented $69.3 M. at Christie’s

[Claude J Greengrass]

Following Christie’s announcement of their plans to auction off their first NFT (non-fungible token) by Beeple (aka Mike Winkelmann) in an online sale two weeks ago, attention around the crypto art market surged to staggering heights virtually overnight.

Christie’s closely watched sale of digital artist Beeple’s The First 5,000 Days has resulted in an unprecedented $69.3 million sale.

 

[OliveOyl]

Ugh. Just read about this. Don’t understand it. And I don’t understand cryptocurrency or Bitcoin or the art market craziness and their arty scams and money obscenity or where Beeples came from, or why...and I.don’t.care.

(Grrrr.....you kids get offa my lawn!)

I’m going to start my new book now....Hannah Arendt’s, “The Human Condition.” (Will I even understand THAT?) I’ll at least try because maybe she’ll finally be the one to explain what’s wrong with us humans....

 

[E.J.H.]

I already posted this in Bongo's topic on the same subject, I agree with the wobbegong (apart from the cheese mines).

Cryptoart! What is it and can you eat it? | First Dog on the Moon

The only good thing about all of this is getting to say fungible a lot it is a funny word. What does it even mean?

www.theguardian.com

Maybe her explanation clarifies it a bit for you Olive

 

[Claude J Greengrass]

Someone paid $69,500,00 USD for a jpeg

 

[Artyczar]

Yup.