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A rare CryptoPunk NFT recently sniped for a fraction of its market worth. It's part of Larva Labs' CryptoPunks series.
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Do You Want To Buy A Bridge? Inside The Strange Fantasy World Of NFTs .
Recently, a piece of collage art entitled “Everydays: The First 5000 Days,” by an artist known as Beeple, sold at a Christie’s auction for $69 million. The Wall Street Journal noted that the price was higher than any that has ever been paid for works of Frida Kahlo, Paul Gaugin, or Salvador Dali. But, before the auction, few outside the digital art world had ever heard of Beeple, which may explain why the bidding started at just $100.
But the sale does not suggest a sudden re-evaluation of his talents. Instead, it is a stunning statement about the medium of the art itself or, more precisely, the lack of it. In fact, “Everydays: The First 5000 Days” isn’t made out of anything you can touch. It is entirely virtual.
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