NFTs 'ten times better' than traditional art, says Beeple's $69M NFT buyer
Winner of landmark auction breaks down his investment thesis on NFTs. Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan.The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars earlier this year. Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: they are easy to....
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Another week, another dose of madness in NFTs. Beeple recorded another monster sale, but it’s not traditional NFT for the buyer. Video game developers are showing increasing interest in the space, and one crypto exchange CEO is unbelievably bullish. Oh, and an NFT band composed of just Bored Apes has been formed courtesy of a […]
Users thought they were signing up for an affordable NFT drop by the famed artist, timed to coincide with his second Christie's auction. An admin account for Beeple’s official Discord group was compromised overnight resulting in a fake NFT drop that saw users lose an estimated 38 ETH. An admin from Beeple's Discord named "Multi" confirmed to the group on Nov. 10 that their account had been compromised despite having 2FA. The perpetrator went on to impersonate Multi and the Beeple Announcements Bot to promote a fake NFT drop from Beeple on Nifty Gateway.The incident is the latest in a long....
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. […]
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....