25/06/2021 Your NFT Sold for $69 Million—Now What? Beeple Turns to a New Project, and Old Masters.
Nonfungible tokens, or NFTs, have exploded onto the digital art scene this past year. Proponents say they are a way to make digital assets scarce, and therefore more valuable. WSJ explains how they work, and why skeptics question whether they’re built to last.
https://www.wsj.com/video/series/wsj-glossary/nfts-are-fueling-a-boom-in-digital-art-heres-how-they-work/F5BA93AD-3DCD-4EFA-B064-C9143C81CB88
Digital designer and artist Mike Winkelmann, who goes by Beeple, sparked a global frenzy for non fungible tokens, or NFTs, after Christie’s sold his digital collage for $69 million in March—but since then he’s maintained a relatively low profile, stoking curiosity about his next big move.
Now, Mr. Winkelman is opening up, revealing that he’s had a rocky entrée into the art establishment even though he currently ranks as the world’s third most-expensive living artist after Jeff Koons and David Hockney. Instead of chatting up the world top’s collectors and curators, he’s primarily focused on launching a new NFT venture next month that will seek to transform historic moments into collectible NFTs. He’s planning to start with tennis star Andy Murray’s 2013 Wimbledon win.
“I wouldn’t say the art world has been overly welcoming,” Mr. Winkelman said. “Everyone is taking a cautious approach toward me and NFTs, and I get it because it’s all happened so fast.”
Mr. Winkelman's blistering rise and bumpy aftermath echoes the entire NFT art phenomenon, which started gaining traction last fall as digital artists realized they could attach data already being used to track cryptocurrency onto their own pixelated images and sell one-of-a-kind work the way painters sell original canvases.
Immediately following Christie’s sale of Mr. Winkelman's “Everydays—The First 5000 Days,” a gold-rush atmosphere spread across the art market, with dozens of artists and galleries clamoring to sell NFT art. The early fever appears to have subsided, though pioneering and seminal NFT artworks created by digital artists including Pak, Mad Dog Jones and FEWOCiOUS continue to sell at auction houses such as Sotheby’s, Christie’s and Phillips for record sums.
https://www.wsj.com/video/series/wsj-glossary/nfts-are-fueling-a-boom-in-digital-art-heres-how-they-work/F5BA93AD-3DCD-4EFA-B064-C9143C81CB88
Digital designer and artist Mike Winkelmann, who goes by Beeple, sparked a global frenzy for non fungible tokens, or NFTs, after Christie’s sold his digital collage for $69 million in March—but since then he’s maintained a relatively low profile, stoking curiosity about his next big move.
Now, Mr. Winkelman is opening up, revealing that he’s had a rocky entrée into the art establishment even though he currently ranks as the world’s third most-expensive living artist after Jeff Koons and David Hockney. Instead of chatting up the world top’s collectors and curators, he’s primarily focused on launching a new NFT venture next month that will seek to transform historic moments into collectible NFTs. He’s planning to start with tennis star Andy Murray’s 2013 Wimbledon win.
“I wouldn’t say the art world has been overly welcoming,” Mr. Winkelman said. “Everyone is taking a cautious approach toward me and NFTs, and I get it because it’s all happened so fast.”
Mr. Winkelman's blistering rise and bumpy aftermath echoes the entire NFT art phenomenon, which started gaining traction last fall as digital artists realized they could attach data already being used to track cryptocurrency onto their own pixelated images and sell one-of-a-kind work the way painters sell original canvases.
Immediately following Christie’s sale of Mr. Winkelman's “Everydays—The First 5000 Days,” a gold-rush atmosphere spread across the art market, with dozens of artists and galleries clamoring to sell NFT art. The early fever appears to have subsided, though pioneering and seminal NFT artworks created by digital artists including Pak, Mad Dog Jones and FEWOCiOUS continue to sell at auction houses such as Sotheby’s, Christie’s and Phillips for record sums.
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Interesting NFTs
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Discovery of a new planet.
The Moth Catcher
In this psychologically bed-headed portrait, a creature sets in a trance; his eyes devolved and vestigal, his third eye open but hardened and in a form resembling a Sharingan.
The imagery therefore expresses an awareness existing in corporeal introspection. The creature’s mind sprouts, on the left side, an emerging face, grinning. To the right side of the head, red tentacles and fingers intertwine–a collaboration of invertebrate and vertebrate consciousness cooperatively handling paint brushes of the sort used to build an oil painting. The neck and throat bristle with random thorns, as from a rose or the upper portions of a beak sprouting from its flesh. The neck itself disassociates into layers of membranous material, terminating upon an abstracted base of convoluted forms composing its body.
The nose is virtually non existent, more a sinus reiterative of the shape of the third eye. Set against the exposed teeth peering out of thick, meaty cheeks, a skeleton-like impression results.
That impression sets behind a visceral set of lips and tongue, which is the creature’s prime seat of awareness. Sensual, organic, the tongue organ hangs, meaty, and with consciousness of a sea cucumber. It illuminates at the tip, drawing the attraction of a nearby moth–with mystery of purpose.
Dali Otaku Jr.
Shalom! Dali Otaku Jr. here. I'm here to enjoy chasing string and reading garfield. It's not common knowledge, but my ancestry connects me to Amelia Earhart. I hope we can be pawmates.
The Investor's Dream
The second "Visual Toy" about cryptocurrency and its universe that continues the exclusive collection on this theme. After the first Visual Toy, dedicated to the cryptocurrency itself, this visual toy is the other side of the coin. It represents, as its title tells us, the investor's dream, the current person and his financial hopes. A surreal fantasy of the dreams and longings of every investor, in this case the crypto investor. In this magical, happy and colorful dream, aspirations of all kinds intermingle, both the desire for great benefits, represented in a long animation that shows us a production cycle or series production that ranges from the gastronomic recipe of a two-ingredient cake. Bitcoin slice and Ethereum smoothie, passing through magic, represented in a fairy that transforms the cake into real money, which is sucked into a giant capsule to accumulate it and multiply it. The rest is full of investor aspirations, which appear in their dreams in the form of profits or screens that announce that values are rising steadily, as well as physical possessions, such as the sailboat, the helicopter, homes and other objects or possibilities. A dream full of happiness, fun and hope.
No Future #9/15
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