Beeple Makes Another $29 Million Killing From NFT Sale

NFT

You may be aware of the exploits of Beeple, the NFT artist whose artworks have raised millions of dollars in sales. Their recent work auctioned on Tuesday night in New York City raised a massive $29 million after the hammer was brought down during the auction. This is far higher than the $15 million that the auctioneer, Christie, expected for the work, HUMAN ONE.

HUMAN ONE is a 3D sculpture that stands 7 feet high and made of aluminum. The art work represents humans in the metaverse with the number one depicting that first human in the imaginary worlds where developers and artists build concepts and an abstract world that humans can interact with and even profit from.

The HUMAN ONE features a video accessible on the Ethereum blockchain which the maker updates its metaverse in a manner that the work could interact with the owner down the line in the course of the development of the project.

The so-called first human being born on the metaverse can be accessed through a pool of 0ne-minute video clips. The interesting aspect of the project is the continuous development by Beeple who would keep adding imagery to the work as the owner interacts with the non-fungible Ethereum-built token.

This is not the first time that Beeple artwork has been in the news due to the high prices they fetch at auctions. Beeple, whose real name is Mike Winklemann, has sold artworks valued at $145,372,930.29.

His artwork titled “Everydays’ ‘ sold for $69,346,250.00 at Christie’s. This was back in March 2021. He holds the record of the highest grossing NFT. His works generally average $108,000 and more are added to his collections as they are made.

 

Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.