Photos: NFTs setting off revolution in the world of collectibles | Hindustan Times
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Photos: NFTs setting off revolution in the world of collectibles

Updated On Mar 14, 2021 03:01 PM IST

The work, called "Everydays: The First 5000 Days" is a collage of 5,000 individual images, which were made one-per-day over more than thirteen years. It sold for $69,346,250 (42,329.453 ETH), which Metakovan paid in the form of cryptocurrency Ether. The sale put Beeple into the top three most valuable living artists, Christie's said, trailing only David Hockney and Jeff Koons. The auction to buy the work by digital artist Beeple, which ended on Thursday, was the first ever sale by a major auction house of a piece of digital art that does not exist in physical form. The work is in the form of a new kind of digital asset: a Non-Fungible Token (NFT). This means that it is authenticated by blockchain, which certifies its originality and ownership. Metakovan, whose real name was not disclosed, is the founder of Metapurse, the world's largest NFT fund, Christie's said in a statement.

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This digital collage, titled Everydays: The First 5,000 Days, by American artist Beeple, also known as Mike Winkelmann, a pioneer of the exploding virtual art market, sold for a record $69.3 million, Christie's announced on March 11.(AFP) expand-icon View Photos in a new improved layout
Updated on Mar 14, 2021 03:01 PM IST

This digital collage, titled Everydays: The First 5,000 Days, by American artist Beeple, also known as Mike Winkelmann, a pioneer of the exploding virtual art market, sold for a record $69.3 million, Christie's announced on March 11.(AFP)

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FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS) expand-icon View Photos in a new improved layout
Updated on Mar 14, 2021 03:01 PM IST

FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS)

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FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS) expand-icon View Photos in a new improved layout
Updated on Mar 14, 2021 03:01 PM IST

FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS)

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FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS) expand-icon View Photos in a new improved layout
Updated on Mar 14, 2021 03:01 PM IST

FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS)

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FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS) expand-icon View Photos in a new improved layout
Updated on Mar 14, 2021 03:01 PM IST

FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS)

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FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS) expand-icon View Photos in a new improved layout
Updated on Mar 14, 2021 03:01 PM IST

FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location, in this undated handout obtained by Reuters. Christie's Images LTD. 2021/BEEPLE/Handout via REUTERS(via REUTERS)

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This image courtesy of Scott Winkelmann shows artist Mike Winkelmann on February 24, 2021 in Charleston, South Carolina. - A digital collage by the American artist Beeple, also known as Mike Winkelmann, a pioneer of the exploding virtual art market, sold for a record $69.3 million, Christie's announced on March 11, 2021. (AFP) expand-icon View Photos in a new improved layout
Updated on Mar 14, 2021 03:01 PM IST

This image courtesy of Scott Winkelmann shows artist Mike Winkelmann on February 24, 2021 in Charleston, South Carolina. - A digital collage by the American artist Beeple, also known as Mike Winkelmann, a pioneer of the exploding virtual art market, sold for a record $69.3 million, Christie's announced on March 11, 2021. (AFP)

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FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location.(via REUTERS) expand-icon View Photos in a new improved layout
Updated on Mar 14, 2021 03:01 PM IST

FILE PHOTO: A detail shot from a collage "EVERYDAYS: THE FIRST 5000 DAYS", by a digital artist BEEPLE, that is on auction at Christie's, unknown location.(via REUTERS)

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