The Future Just Changed And Most People Missed It (NFTs & The Future Of Digital Assets)
Did you see it?
Dear Friend, Subscriber, and fellow Category Pirate,
The future just changed.
Did you see it?
Last week, a digital artist named Beeple sold a collage of 5,000 daily digital art creations in the form of an NFT (non-fungible tokenâand if you donât know what that means, weâll explain in a second).Â
The sale was facilitated through Christieâs, the worldâs longest-standing and most credible art auction house in the world. This NFT also marks the first time a piece of digital art (not a digital representation of physical art, but art that was created digitally) was sold through Christieâsâmeaning the auction house believed the value of this NFT to be right up there with a Signac or CĂŠzanne painting (both of which sold in 2019 for $26 million and $82 million, respectively).Â
The digital art collage, EverydaysâThe First 5000 Days, sold for a whopping $69 million.
Which means âa Beepleâ is now valued among these timeless artists.
*If you want to read more about the details of the sale, who the bidders were (including crypto mega-millionaire and founder of the cryptocurrency platform TRON, Justin Sun), and who the winner of the auction was, here is a good summary of the events.