Investor 'stumbles' into 30,000% gain after buying Beeple NFT for $969
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....
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After completing the first sale of his Non-Fungible Token (NFT) for $69.4 million or 38,000 ETH, digital artist Mike “Beeple” Wiklemann became one of the highest-paid for a work of art in the last decades. His NFT titled “Everydays: The First 5,000 days” was purchased by crypto investor Vignesh Sundaresan, known as MetaKovan. Although the […]
Breaking down what we know (and don’t know) about nonfungible tokens and their current (and possible) taxations. 2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume.The rise of NFTs has ushered in a new generation of investors who spend time scouring platforms like Discord and OpenSea looking for the next 100x opportunity. However, it’s important for the NFT investor of today to keep tax implications in mind.....
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. […]
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....
Other users in the crypto Twitter Community believe lax security management is to blame for the latest phishing scam aimed at Beeple's fans and followers. Non fungible token (NFT) artist Mike "Beeple" Winkelmann has found himself the target of phishing scammers yet again, warning users that the URL link to his official Discord server was “hacked” — sending unaware new members to a wallet draining Discord channel if they follow the link. In an Oct. 3 post, the NFT artist warned users not to go into the "fraudulent" Discord channel and verify as it will “drain your wallet.” it appears our....