Artist Mike Winkelmann, also known as Beeple, has sold an NFT artwork for more than $69 million.
The artwork, called "Everydays: The First 5000 Days" is a 21,069 x 21,069 pixel collage, representing the totality of artworks Beeple had been creating every day since May 2007. The NFT (non-fungible token) version of the artwork was minted on the Ethereum network on February 16, and it was sold via a Christie's auction on March 11.
If you're unfamiliar with NFTs, they're a type of cryptocurrency in which every unit (token) is unique, indestructible, with verifiable ownership on a cryptocurrency platform such as Ethereum. For (way) more details, check out our explainer here, but the gist of the story is that NFTs are typically used for digital artworks which have lately often reached outrageous prices. Read more...
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via IFmashable.com
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