Hey everyone!
Literally a couple of minutes ago this work of art by Beeple just sold for $69,346,250.
Yes, SIXTY NINE MILLION DOLLARS.
Don’t believe me? Here’s the link to the auction -> https://onlineonly.christies.com/s/beeple-first-5000-days/beeple-b-1981-1/112924
Admittedly, the artwork is incredible.
Here’s the description straight from Christies auction house…
In May 2007, the digital artist known as Beeple set out to create and post a new work of art online every day. He hasn’t missed a day since, creating a new digital picture every day for 5,000 days straight. Individually known as EVERYDAYS, collectively, the pieces form the core of EVERYDAYS: THE FIRST 5000 DAYS, one of the most unique bodies of work to emerge in the history of digital art.
That’s pretty amazing, a work of art that quite literally took 14+ years to create… some of the detail in them is absolutely bonkers as well.
And it get’s crazier, still.
This work is sold as an NFT.
For those that haven’t seen the NFT craze stirring the internet, an NFT stands for NON FUNGIBLE TOKEN.
Whatever that means, right?
Basically it utilizes BLOCKCHAIN technology, similar technology that underpins BITCOIN, to VERIFY and assign OWNERSHIP to digital goods.
Here’s what Christies said about this particular 69 million dollar NFT…
The recent introduction of Non-fungible tokens (NFTs) and blockchain technology has enabled collectors and artists alike to verify the rightful owner and authenticity of digital artworks. EVERYDAYS: THE FIRST 5000 DAYS will be delivered directly from Beeple to the buyer, accompanied by a unique NFT encrypted with the artist’s unforgeable signature and uniquely identified on the blockchain. MakersPlace, a digital marketplace, has issued the NFT for the piece.
So, the question of the day is, would you pay $69,346,250 for a piece of art that ONLY exists in the digital world?
Obviously I’m sure they will send the buyer a PRINT of the artwork, but again, this might make your head hurt….
Anyone can get a PRINT of it….
Even crazier..
The PRINT, HANGING IN THE OWNER’S HOUSE, isn’t the ORIGINAL!
The original ONLY exists online, on the blockchain.
Just like the Mona Lisa ORIGINAL only exists in the Louvre in Paris…
I know, trust me, this hurts my brain too.
Here is what I’m taking away from it.
1) New technology will ALWAYS warp your brain.
Just like cars warped horse Owner’s brains back in the day, this is warping my brain right now.
THAT DOES NOT MEAN THAT IT WON’T BE THE STANDARD AND LAUGHABLE THAT WE FOUND IT CONFUSING.
2) Scarcity is quite literally FLYING OFF THE SHELVES.
Anything that is scarce.
Bitcoin
Small Businesses
Real Estate
and, yes, 69 million dollar digital art
If you aren’t invested in scarce ASSETS you are going to get crushed and I honestly feel bad for anyone who doesn’t know this information.
3) Just because you think it’s dumb doesn’t mean it isn’t valuable.
I’ve heard so many intellectually lazy people call new technology “dumb” or a “fad” or a “scam” that if I had a dollar for every time they’ve said it… I’d be a bazillionaire.
It isn’t dumb.
The next 10 years and the rest of this century for that matter, will be DEFINED by crazy technologies like this that by definition will seem CRAZY to us and NORMAL within a few years.
That’s just how it works.
If you plan on being alive for the next decade you should probably just remove the word “dumb” from your vocabulary and start trying to understand what REALLY drives value in this day and age.
Anyway, that’s what I’ve got for today, what do you guys think about Beeple?
Crap? Amazing? Worth the money?
Let me know in the comments and share this with someone if you want to blow their mind today.
69,346,250. Wow.
As the famous song goes…
“The times they are a-changing.” - Bob Dylan
Kale
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