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Beeple

All articles tagged with #beeple

Beeple NFT buyer pivots to a physical art lab in Singapore
arts-and-design3 hours ago

Beeple NFT buyer pivots to a physical art lab in Singapore

Vignesh Sundaresan paid about $69.3 million for Beeple’s NFT 'Everydays: The First 5000 Days' in 2021; five years on, he still believes in digital art and has turned that moment into Padimai Art & Tech Studio in Singapore—a VR-enabled gallery blending tech and art—while treating NFTs as ownership tech rather than pure speculation. He says he wouldn’t sell the Beeple piece as its value may unfold over decades, even as the NFT boom collapsed, and Beeple emphasizes the enduring potential of the technology.

NFT Market Revival: Sotheby's $11M Auction and Record-Breaking Sales
crypto-art2 years ago

NFT Market Revival: Sotheby's $11M Auction and Record-Breaking Sales

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.