The NFT Artist Who Made $69 Million Overnight
In March 2021, digital artist Mike Winkelmann, known as Beeple, sold an NFT artwork titled "Everydays: The First 5000 Days" for $69 million at a Christie's auction. It was one of the first times a digital artwork had been valued on par with traditional fine art.
While Beeple became a multi-millionaire overnight, many investors who jumped into the NFT boom lost money as the market later collapsed, with some NFTs losing over 90% of their value. Beeple’s success showed the potential of NFTs, but also highlighted the market’s unpredictability.
In March 2021, digital artist Mike Winkelmann, known as Beeple, sold an NFT artwork titled "Everydays: The First 5000 Days" for $69 million at a Christie's auction. It was one of the first times a digital artwork had been valued on par with traditional fine art.
While Beeple became a multi-millionaire overnight, many investors who jumped into the NFT boom lost money as the market later collapsed, with some NFTs losing over 90% of their value. Beeple’s success showed the potential of NFTs, but also highlighted the market’s unpredictability.