NXT’s digital art phenomenon (a non-fungible token, a digital piece that uses blockchain technology to serve as a one-of-a-kind work of art that can be bought, sold, and traded just like paintings or sculptures May) have exploded in the last week or out of nowhere. Now, no less arts authority has supported NXT in a larger way than Christie’s auction house, which presides over the $ 69 million sale of a digital image that does not even exist in the physical realm.
It has been called “Everyday: The First 5,000 Days” by artist Mike Winkelman, known as Biplub and, as Action Network’s Darren Rouvel points out, it is now worth the most pictures by Picasso or any other master Are the ones you will name. The piece is essentially a ubiquitous collection of every single piece created by Beeple over the course of 5,000 days, merging thousands of works into an overreaching piece of its own.
“Everyday: The First 5,000 Days” is the most expensive digital art work ever made, reflecting a previous record: the $ 6.6 million “Crossroads,” which is also a biplane piece sold last month at that price, Which gives you an idea of how important time has been for digital art since the last few weeks.
NXTs cannot be directly exchanged for cash as are cryptocurrencies, but they have the potential to appreciate the open art market, as traditional paintings do. And each time a work of digital art – usually a still image or video, sold at least for now – receives a cut of the original artist’s income.
Bidding on “Everyday: The First 5,000 Days” started at just one dollar, and reportedly took more than 350 bids to reach a final price of $ 69.3 million. In another milestone indicated by the sale, the price will be paid at Ethereum, the first cryptocurrency of any type to be accepted into sale by Christie.