Article Image
IPFS News Link • Media: Internet

Money for nothing: NFTs spark a new digital gold rush

•, By Loz Blain

Mike Winkelmann, AKA Beeple, is a legit digital artist, and a very prolific one. Every day, for more than 13 years, he has created a new artwork from scratch – 5,064 of them and counting, according to his website at

He doesn't seem to think they're all that great: "The purpose of this project," he writes, "is to help me get better at different things. By posting the results online, I'm "less" likely to throw down a big pile of ass-sh#t even though most of the time I still do because I suck ass." I would disagree, and so would others, it seems, since a first-of-its-kind auction at Christie's just pulled in nearly US$70 million for Everydays: The first 5,000 days, a collage of his first 5,000 images. Watch him soil himself as the auction closes in the video below.

So if he's a digital artist, what exactly did the buyer get? Well, an image file just like the one you can right-click and download at the top of this article, although thankfully in higher resolution at 21,069 x 21,069 pixels. But they also had their digital identity forever entered in the provenance record of non-fungible token ID 40913.