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Christie’s debuts in cryptocurrencies: with 69.3 million dollars it is a record for digital art

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Non-fungible tokens

Metakovan wins Beeple’s all-digital work assigned through Nft, the latest fashion in the crypto world, and paid for in Ethereum

of P.Sol.

Reuters

Metakovan wins Beeple’s all-digital work assigned through Nft, the latest fashion in the crypto world, and paid for in Ethereum

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A digital work of crypto art goes up for auction at Christie’s for the first time and the batter’s hammer stands at nearly $ 70 million, a record-breaking figure that makes Beeple the third most valued living artist in the world after Jeff Koons and David Hockney.

In an auction that is also the first in which property rights are represented through Nft, the non-fungible tokens that are the latest fashion in the crypto world. These are digital representations of physical objects and their ownership that use the blockchain for secure and irreversible transactions that certify their authenticity, ownership and transfer of ownership.

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Exactly like bitcoins, except that in this case they are not currencies equal to each other, but they represent a specific and unique object, being therefore not fungible. The purchase was made by Metakovan, pseudonym of the founder and financier of Metapurse, the largest NFT fund in the world.

The buyer secured $ 69.3 million, including auction rights, for “The Last 5000 Days”, a monumental Jpg file of Beeple, (real name Mike Winkelmann), a 39-year-old illustrator from Wisconsin who is built millions of followers on social media thanks to commercial projects for pop stars like Justin Bieber and brands like Louis Vuitton and Nike.

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The work is entirely digital: a collage of 5,000 images created and posted from 2007 to 2021 that incorporates surreal scenes and drawings by politicians like Donald Trump and Mao Tse Tung alongside cartoon characters from Mickey Mouse to Pokemon.

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