Beeple, an iconic digital artist, sells his NFT collection for an all-time high of $3.5 million

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— Nifty Gateway (@niftygateway) December 13, 2020

 NFTs are the future

Non-fungible tokens (NFTs) are a special type of cryptographic token which represents something that is one-of-a-kind or unique. NFTs are blockchain-based and run on Ethereum.

NFTs are not mutually interchangeable. Other cryptocurrencies like bitcoin can be traded like currency because they are fungible.

Beeple’s work is considered a unique tokenized asset. NFTs in the form of collectibles, art, and even real estate has boomed in 2020. 

Recently, Beeple began to sell his work as NFTs unique to their owner and sold as one-of-a-kind pieces. 

Beeple a resounding success

 Winkelmann is one of the most celebrated digital artists in the world. His art has been used by high-end brands in their marketing campaigns. His clients include Louis Vuitton, Apple, and Nike, as well as, celebrities and superstars like Justin Bieber and Katy Perry. 

Beeple worked on the “Everyday’s” collection for over 13 years.