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Digital artwork sold for a whopping $70 million at Christie s

Digital-only artwork auctioned for nearly $70 mln

A digital artwork sold for nearly $70 million dollars at Christie's on Thursday.It's the first sale ever in a major auction house of a piece of art that does not exist in physical form."Uhhhhh…. I don't even…. It's…. I.. Yeah." Just hours after the sale, the artist - Mike Winkelmann, also known as Beeple - was stunned. Twenty-two million people logged in for a chance to own his work.Christie's says the closing bid put him in the top three most valuable living artists. "It's like an unfathomable number, to be quite honest. It's just crazy." The work, titled "Everydays - The First 5000 Days" - is a collage of 5,000 images he made over more than thirteen years.And its exceptional success is part of a frenzy for what is known as Non-Fungible Tokens, or NFTs.That's when a digital asset is authenticated by blockchain, which certifies its originality and ownership.Enthusiasts and investors are pouring i

NFT-Boom: Digitales Kunstwerk für fast 70 Millionen Dollar verkauft

NFT-Boom: Digitales Kunstwerk für fast 70 Millionen Dollar verkauft
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Crypto Whale in Singapore Is Buyer of $69 Million Beeple NFT

(Bloomberg) A digital asset investor who goes by the handle Metakovan and refuses to give his full name, announced that he is the buyer of the record-breaking $69.3 million digital artwork that sold Thursday. The image file is connected to a non-fungible token (NFT), which was “minted” just last month, and serves as its certificate of authenticity recorded via blockchain technology.Christie’s auction house, which hosted the sale and accepted payment in Ether, confirmed his statement, also declining to reveal his legal name.Metakovan is the chief financier behind Metapurse, a crytpo-based fund that acquires NFTs and other virtual properties; it claims to be the largest NFT fund in the world. In January, the company released a statement saying that, excluding works by Beeple, it had acquired a portfolio of $3.2 million worth of NFTs.“I think this is going to be a billion-dollar piece,” Metakovan says in an interview over Google Hangouts. “I don

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