The New Paper

March 12, 2021

Beeple work sells for $69M

A work by the digital artist known as Beeple sold for over $69M at Christie's auction house yesterday. The piece was sold as an NFT (a “non-fungible token”), a blockchain-based tool used to verify ownership and authenticity of digital assets. NFTs have surged in popularity in recent months, with a wide range of digital assets (including digital art, tweets, and video clips) using the technology.

Extra: The sale positioned Beeple among the “top three most valuable living artists” according to Christie’s. See the digital work (titled “The First 5000 Days”) here.
This story is from the March 12, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.