NFT MILLIONAIRE BEEPLE SAYS CRYPTO ART IS BUBBLE AND WILL ‘ABSOLUTELY GO TO ZERO’
Nina Popovich
Other
3 years ago
The cryptocurrency art boom involving non fungible tokens (NFTs) is an “irrational exuberance bubble”, according to an artist who recently sold a piece for nearly $70 million (£50m) using the technology.
Beeple, whose real name is Mike Winkelmann, became the third most-valuable living artist earlier this month when he sold a collection titled “Everydays” as an NFT through Christie’s.
Online bidding for his digital collage started at $100 (£72) and sold for $69.3 million.
Appearing on the Sway podcast this week, Mr Winkelmann revealed that it had been less than six months since he first learnt what an NFT is. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/nft-beeple-cryptocurrency-art-b1821314.html
Beeple, whose real name is Mike Winkelmann, became the third most-valuable living artist earlier this month when he sold a collection titled “Everydays” as an NFT through Christie’s.
Online bidding for his digital collage started at $100 (£72) and sold for $69.3 million.
Appearing on the Sway podcast this week, Mr Winkelmann revealed that it had been less than six months since he first learnt what an NFT is. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/nft-beeple-cryptocurrency-art-b1821314.html
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