A token sale: Christie’s to auction its first blockchain-backed digital-only artwork

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Abstract

Since May 2007, US-based digital artist Mike Winkelmann (who goes by the name Beeple) has posted a new artwork online every day. He posted the 5,000th one in January, and has now packaged them into an enormous digital collage titled Everydays: The First 5000 Days, which will be auctioned online by Christie’s on February 25.

The work will be sold in purely digital form, as a 21,069 × 21,069-pixel JPEG file and a “non-fungible token” or NFT. NFTs use blockchain technology to give the successful bidder unquestioned ownership of the work.
Original languageEnglish
Pages1-6
Number of pages6
Volume2021
Specialist publicationThe Conversation
PublisherThe Conversation Paperpress
Publication statusPublished - 25 Feb 2021

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