NFT Market Revival: Sotheby's $11M Auction and Record-Breaking Sales
TL;DR Summary
Digital artists and collectors, including Beeple, responded sarcastically to an ARTnews article suggesting that the recent Sotheby's auction marked a possible "final hurrah" for the NFT market. Beeple tweeted, "please delete all remaining jpegs by 5pm EST today," alluding to NFT art detractors who consider the market a profit-focused passing fad. However, digital art advocates emphasized the nuance and craftsmanship uniquely facilitated by generative, blockchain-backed art. Despite the ongoing crypto winter's negative impact on median NFT prices, 2022 ultimately saw about the same overall NFT trading volume as the year prior: around $25 billion.
- Beeple Says It's Time to Delete Your JPEGs—Here's Why Decrypt
- Sotheby’s 3AC Bankruptcy Auction Nets $11 Million In What Might Be Final Hurrah for NFTs ARTnews
- The $11M NFT Auction and Snoop Dogg’s Evolving Collection CoinDesk
- A Crypto Spring? Sotheby’s $11 Million NFT Sale Renews Hope for the Battered Market—But There Are Caveats artnet News
- Three Arrows Capital's NFT Collection Breaks Auction Record U.Today
- View Full Coverage on Google News
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