$ 6.6 million for a 10 second video

$ 6.6 million for a 10 second video

Art collector Pablo Rodriguez-Fraile in October last year spent $ 67,000 to purchase a 10-second video, a work created by digital artist Beeple (born Mike Winkelmann) and authenticated using a blockchain. Not an excessive investment considering that last week he resold it for 6.6 million dollars.

NFT and blockchain: the new frontier of digital art?

An example concrete of digital assets known as NFT (Non-Fungible Token), goods that exist exclusively in an online and intangible form, whose authenticity is certified thanks to the use of a technology very similar to that found at the base of cryptocurrencies such as Bitcoin. What video is it about? A reproduction of the defeated Donald Trump, on the ground, covered in slogans. It is not available, but to understand what the style is we attach another one below entitled "THE BATTLE OF COVID".

Online platforms such as OpenSea, which in February saw its business almost tenfold: in just one month it went from $ 8 million to $ 86.3 million. To understand how important the growth trend was, it is enough to think that a year ago it was 1.5 million dollars.

The charm of this art form has not left indifferent even Christie's, the largest auction house in the world, which has put up for sale "EVERYDAYS: THE FIRST 5000 DAYS, 2021", NFT always created by Beeple, in fact a collage of images with an overall resolution of up to 21069 × 21069 pixels. Starting from a base of 100 dollars, the raises have already reached 3 million dollars with another ten days to go up further.

Interest was boosted last year too. by the National Basketball Association, the American basketball league, which has decided to sell the highlights of the matches with the same method: on February 22, the clip depicting a dunk by LeBron James (Los Angeles Lakers) was awarded for 208,000 dollars.

Source: Reuters

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