In March of 2021, Christie’s, the centuries-old fine arts dealer, became the first major auction house to sell a completely digital blockchain-based artwork. The price tag?
A cool $69 million dollars, or close to the record price paid at auction for a work by a contemporary artist.
The artwork in question, ‘Everydays: The First 5000 Days’ by Mike Winkelmann also known as Beeple, was ‘minted’ on the blockchain as a digital asset in the form of an NFT or ‘non-fungible token’ wherein a unique token represents ownership of the asset.
If we can get beyond the sticker shock of this