This is why digital artist Beeple thinks NFTs might be a bubble
In an interview for CNN’s First Move, digital artist Mike “beeple” Winkelmann talked about “the craziness” he has experienced with the sale of his NFT for $69 million. Acknowledging that the process has been “overwhelming,” beeple the consequences of the marriage of art and technology. The digital artist has a career that spans 20 years. […]
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NFTs are all the rage at the moment. At the same time, some, including Mike Winklemann, AKA Beeple, have described the situation as a bubble. “I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst.” […]
Peter Wood, the CEO of up-and-coming UK exchange CoinBurp, believes NFTs are caught in a bubble that will eventually pop. However, Wood says that much like cryptocurrencies consolidated through crypto winter to emerge stronger, so will NFTs after the pop. Signs of Digital Art NFTs Cooling Following the record-breaking $69.3mn sale of Beeple’s The First […]
Its as immutable as a transaction on the blockchain: Nonfungible tokens, or NFTs, have permanently made their mark on art history. While the movement has some members of the arterati swooning at the notion of unwashed digital hoards laying siege to their domain, the reality is that the two worlds of high art and crypto are fated to become one and the same.You might not have heard of Mike Winkelmann, but at least one art icon is ready to say he could rank up there with Pablo Picasso. The 39-year-old artist better known as Beeple has successfully forced his way into over a half-dozen....
An investor who purchased an NFT from popular digital artist Beeple for $969 initially hoped to double their investment within two years. The NFT is now worth $300,000. Edward Fairchild, one of the founders of LA-based cannabis company THC Design, revealed that he "stumbled" into buying an NFT from acclaimed digital artist "Beeple" that has since increased in value by 30,000% since he purchased it in December. Recounting the story in an article published by Business Insider on March 14, Fairchild noted that despite being a long-time fan of Beeple, he didn't have any knowledge about NFTs....
Crypto assets that are linked with non-fungible tokens (NFTs) marketplaces have risen sharply since the mania took off a few months ago. NFTs are selling at prices that many consider ridiculous for intangible artwork. Third-Largest Art Sale by a Living Artist Was Tokenized One piece of art created by the digital artist called Beeple – a collage of the artist’s work since 2007 – recently sold for a record $69.3 million at the auction house Christie’s. The JPG file became the third-largest art sale by a living artist after Jeff Koons and David Hockney. According to....