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This image is titled Everydays: The First 5000 Days by digital artist Beeple (real name Mike Winkelmann). In March 2021, it sold at Christie’s for a staggering $69 million, making it one of the most expensive digital artworks ever and the NFT sale that shocked the art world.
The piece is a collage of 5,000 individual images Beeple created daily over 13 years.
The sale marked a high point of the NFT craze, fueled by hype, speculation, and a booming crypto market. Fast-forward to today, and the value of the NFT has plummeted, reportedly worth less than $100 based on recent market sentiment.
So what happened to the NFT market?
The truth is: everyone wanted to sell, but no one wanted to hold - and almost no one wanted to buy.
The piece is a collage of 5,000 individual images Beeple created daily over 13 years.
The sale marked a high point of the NFT craze, fueled by hype, speculation, and a booming crypto market. Fast-forward to today, and the value of the NFT has plummeted, reportedly worth less than $100 based on recent market sentiment.
So what happened to the NFT market?
The truth is: everyone wanted to sell, but no one wanted to hold - and almost no one wanted to buy.
إخلاء مسؤولية: يتضمن آراء جهات خارجية. لا تُعدّ نصيحة. يُمكن استخدام Binance AI دون أي ضمان. اطلع على الشروط والأحكام.