LONDON: A digital collage by American artist Beeple sold Thursday for a record $69.3 million at Christie’s auctioneers, as virtual art rapidly establishes itself as a new — and highly profitable — creative genre. “Everydays: The First 5,000 Days” became the most expensive ever “non-fungible token” (NFT) — a collectible digital asset that uses blockchain technology to turn virtual work into a unique item. “I believe we are witnessing the beginning of the next chapter in art history.” “Everydays” was the first purely digital NFT work of art to go under the hammer at a major auction house. Today’s result is a clarion call to all digital artists. Your work has value,” said Noah Davis, a contemporary art specialist at Christie’s.

Source: Manila Times March 12, 2021 16:21 UTC