Beeple: ‘NFTs Have Been Hated for So Much Longer Than They Were Loved’
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Digital artist Mike “Beeple” Winkelmann broke records in 2021 with the sale of his NFT artwork “Everydays: The First 5,000 Days,” which sold for $69.3 million at auction. Since then the fervor around NFTs has cooled substantially, with trading volumes plunging by over 90%. Mike Winkelmann, aka Beeple, and Tim Marlow OBE. Image: Decrypt Speaking last week at an on-stage interview with the chief executive of the Design Museum, Tim Marlow OBE, at London’s Royal Academy of Arts, Beeple reflected, “It’s crazy to me to think about those times, because NFTs have been hated for so much longer than they were loved.” “There was this very brief window where people were like, ‘Yes, this is the future,’” he said. “And then it went right back to like, ‘Oh, you fucking piece of shit, don’t put that evil on me.’” “We lost a lot of people,” Beeple added, “but those people were never in it for the art, and I could see that immediately.” He said that at the time of the “Everydays” sale, he knew the market was “100%” a bubble. “I was making digital art for 20 years before that, and I saw people buying shit,” he said. “It’s like, ‘There is no fucking way that is going to hold value, that is absolute crap. And it just will not last, you will realize that is correct.” While acknowledging that the NFT market “was going to come back down to Earth” and that speculators have “moved on,” Beeple noted that “there is still very much a lot of enthusiasm around this stuff.” He pointed to multi-million-dollar sales of CryptoPunks earlier this year, saying, “It’s crazy to me how sort of normalized it’s been,” and wondering at the fact that “It wasn’t news at all. I mean, like, a massive…
Filed under: News - @ October 27, 2024 9:21 pm