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 token—and if you don’t know what that means, we’ll explain in a second). 

The sale was facilitated through Christie’s, the world’s 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 Christie’s—meaning the auction house believed the value of this NFT to be right up there with a Signac or Cézanne painting (both of which sold in 2019 for $26 million and $82 million, respectively). 

The digital art collage, Everydays—The First 5000 Days, sold for a whopping $69 million.

Which means “a Beeple” is now valued among these timeless artists.

beeple @beeple

holy fuck.

*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.

Now, what the buccaneer is an NFT?