3/24/2023 0 Comments Bitcoin expert crazy hair![]() ![]() And that being given to an NFT is history.”īorn in the Tamil Nadu capital Chennai and raised in Hosur, a small city in the southern Indian state, Sundaresan is usually based in Singapore. The Beeple NFT, he said, “made the whole world think of looking at it, trying to understand the stupidity or the cleverness or whatever behind it. Who's the artist behind it?įor Sundaresan, art has a ripple effect that ultimately “defines the norm of society”. READ> This digital artwork just sold for nearly US$70m. Bidders under the age of 40 accounted for 64 per cent of offers for the Beeple NFT. ![]() For others, it is a historic challenge to the gatekeepers who have traditionally determined the monetary and cultural value of art, leaving collectors, museums and auction houses guessing whether NFTs – non-duplicable tokens secured with blockchain technology that have been described as digital certificates of authenticity – will ultimately generate a new market for digital art among younger buyers. ![]() This collage by US artist Beeple is the first purely digital work stored in a non-fungible token (NFT) to be sold by a major auction house and in March set the third-highest price for a living artist at auction, shaking the art world to its core.įor some, the Beeple NFT represents nothing more than a speculative bubble, part of a wider concern around get-rich-quick schemes linked to crypto markets. READ> ‘We still value our loyal supporters’: Creative Technology’s Sim Wong Hoo ![]()
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