And the Associated Press is offering NFT digital artwork - a depiction of the U.S. The National Basketball Association is teaming up in a venture to sell virtual sports cards backed by the tokens. A blockchain company bought a piece of work by British artist Banksy, burned it and then put a digital version on sale through a non-fungible token. Rock band Kings of Leon is offering a version of their latest album with the tokens that come with extras. Twitter CEO Jack Dorsey put his first ever tweet - “just setting up my twttr" - up for online auction as an NFT, with bids reaching as high as $2.5 million, and he promised to donate the proceeds to charity. Others have also joined the craze for NFTs. Some 22 million people tuned in on the Christie’s website for the final moments of bidding, with bidders from 11 countries taking part. 77 million paintings t shirt how to#They're used to prove that an item is one of a kind and are aimed at solving a problem central to digital collectibles: how to claim ownership of something that can be easily and endlessly duplicated.Ĭhristie's said the artwork fetched the highest price in an online-only auction and the highest price for any winning bid placed online. The tokens have swept the online collecting world recently, an offshoot of the boom in cryptocurrencies. Non-fungible tokens, known as NFTs, are electronic identifiers confirming a digital collectible is real by recording the details on a digital ledger known as a blockchain. I believe we are witnessing the beginning of the next chapter in art history, digital art.”Ĭhristie's did not identify the buyer of the artwork, which consists of 5,000 individual digital pictures stitched together that Beeple created - one each day - since May 2007. 77 million paintings t shirt software#“Artists have been using hardware and software to create artwork and distribute it on the internet for the last 20+ years but there was never a real way to truly own and collect it," Beeple said in a statement released by Christie's. Christie's said it also marks the first time a major auction house has offered a digital-only artwork with a non-fungible token as a guarantee of its authenticity, as well as the first time cryptocurrency has been used to pay for an artwork at auction.īeeple, whose real name is Mike Winkelmann, responded to the sale result with an expletive on Twitter.
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