Everydays the first 5000 days

everydays: the first 5000 days

Popular blockchains, such as the Ethereum blockchain, have provided platforms for creators to sell their digital work. For more information on blockchains and bitcoins, read our previous article HERE.

Digital art is more lucrative than it seems. Winkelmann’s artwork sale was not an atypical case. Popular YouTuber Logan Paul sold his followers over $5 million worth of digital Pokémon cards with his cartoon face on them.

It is already very beneficial for artists to sell their work as NFTs because it allows them to operate independently of art galleries and auction houses to sell their work. They can also earn royalties on future sales. In Winklemann’s case, she will receive a 10% royalty for each resale of her artwork.

On the other hand, some have argued that the high prices of NFTs are partly due to novelty and will not continue in the long term. It is already difficult to buy NFTs, because most marketplaces require potential buyers to pay in cryptocurrencies.

digital art

Beeple’s work, entitled “Everydays: The First 5,000 Days,” is a collection of drawings and animations made during 5,000 consecutive days, and the final auction price reached $69.3 million dollars.

On the other hand, it also maintains the history of purchase and sale and provenance that has been produced over time, which ensures that it cannot be duplicated without losing its certification of originality.

AbstractItem NameSold for $69 million a work of ‘digital art’ by artist BeepleDescriptionThis is the MOST EXPENSIVE DIGITAL artwork IN HISTORY ‘Everydays: the first 5000 days’【 What are NFTs? 】Author.

Journalism student. Publishing in digital media since 2015. I am passionate about writing and I take my work very seriously: I consult sources, seek impartiality and objectivity as a good professional.

opensea

The first all-digital work of art auctioned A piece of art and Christie’s auction house make history in early March 2021. The first all-digital artwork of a non-fungible token (NFT) sells for nearly $70 million.

The collage had an opening bid of just $100, but this high-profile auction attracted bids from hundreds of buyers. It also generated more attention because of other NFT works and the timing of its release; a mix between a pandemic that accelerated the digitization of the world, and the rise of digital art, where GIFs and even tweets can be considered part of this discipline.

Winkelmann, a freelance artist who works on concert visuals for artists such as Katy Perry and Deadmau5, finishes the work in February 2021. He went so far as to say in the media that when he started it he had no intention of selling it.

Christie’s announces that the work was acquired by Metakovan, pseudonym of the entrepreneur, founder and financier of the crypto fund Metapurse, dispelling rumors that fellow tech entrepreneur Justin Sun had won the auction, founder of the cryptocurrency platform TRON and current CEO of Rainberry, Inc.

wikipedia

In March 2021, his work Everyday: the first 5000 days; a collage of images from his “Everyday” series sold for the cryptocurrency equivalent, Ethereum, at US$69 346 250. [1][2] This makes it the third most expensive artwork by a living artist.[3] This is the first purely non-fungible token sold by Christie’s auction house.[4] Everyday is the first NFT to be sold by an auction house, and is the first sale at Christie’s that can be paid for with Ethereum.