JPG file sold for $ 69 million

finance

The digital work of art by the artist Mike Winkelmann (Beeple) set a new record in the NFT area.

JPG file sold for $ 69 million

Once again, a digital file that is secured on the blockchain with a unique non-fungible token (NFT) has changed hands for a record sum. The picture, a collage of 5,000 individual images that the artist Beeple has posted online since 2007, fetched $ 69.3 million in an auction. The starting price at auction house Christie's two weeks ago was $ 100.

Become a millionaire with crypto art

Once again, Mike Winkelmann, known as Beeple, is at the center of such a record transaction. Most recently, a 10-second video clip from Beeple was sold for $ 6.6 million. As with the current auction, the cryptographic token was also sold, which is not replicable and cannot be forged.

Twitter CEO Jack Dorsey is currently providing another sensational auction. His first tweet “Just setting up my twttr” is currently at a bid of 2.5 million dollars. The Twitter founder has already announced that all of the money will be donated to a charitable cause.

The NFT hype, which probably coincides with the current boom in Bitcoin and other crypto assets, is not only causing astonishment on the art market. The NBA also recently jumped on the trend, with virtual collector cards currently trading for hundreds of thousands of dollars.

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