Saturday, April 2, 2022

NFT - Non-Fungible Token Art Worth $69 million

A piece of art (a collage image of jpeg file by artist Beeple posted online since 2007) was sold for $69 million in March 2021. The exchange was through NFT on Ethereum blockchain. The buyer claimed that the value is due to irreplaceable 'digital time.' Full story here.









“Everydays — The First 5000 Days” is a collage of all the images that the artist known as Beeple has been posting online each day since 2007. Credit - via Christie's, New York Times.









One of Beeple collection. Credit - New York Times

-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.

  • Budget 2019 Discussion
    How are you going to contribute to the nations in terms of closing the wealth inequality gap?
  • Malaysia and Economic Recovery
    In Tinta Minda, BERNAMA. Malay article. Excerpt: "Laporan prestasi ekonomi negara pada suku ketiga pada 2020 yang diumumkan Bank Negara...
  • Great Recession vs. Great Depression
    Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experience...