Digital Artist Beeple Gets $ 582,000 In NFT Auction In Five Minutes

  • Beeple works auction on Nifty Gateway platform
  • Three NFT tokens were sold for $ 582,000 within five minutes
  • The Winklevoss twins bought Nifty Gateway last year

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Graphic designer Beeple launched a sale of non-fungible tokens on the Nifty Gateway platform and earned over half a million dollars in five minutes

Over the weekend, graphic designer Mike Winckelman aka Beeple launched a digital art sale, merging the tangible with the magic of blockchain. The first auction took place on the Nifty Gateway platform. In the first five minutes of trading, the author sold three NFT tokens for $ 582,000; in total he managed to earn $ 1.1 million at the auction.

Three paintings for half a million

Three paintings – Bull Run, Into The Ether and Infected – were selling for $ 969 each, while people were buying unlimited NFTs for any of them.

Digital Artist Beeple has earned ...

Open editions have closed.

A total of $ 582,000 was sold.

Congrats to @beeple !

– Nifty Gateway (@niftygateway) December 12, 2020

The artist promised all buyers to send digital frames in which they can view the purchased paintings. Many of them are already being sold on the secondary market, and they are asking for much more than the original cost..

The auction also featured 21 more Beeple paintings. Each has not only a digital but also a physical version. According to Roger Dickerman, total sales revenue, including sales in secondary markets, exceeded $ 1 million.

Interest in NFT is growing

A set of non-fungible Beeple tokens called 2020 Collection is the author’s second collection to be exhibited at the Nifty Gateway.

How BEEPLE makes art every day for 13 years. With special guests Keanu and Elon. #MrSuicideBeep

The first came out before the US presidential election. One of the featured works by Crossroad – animation that changes depending on who wins the election – was sold for $ 66,000.

During the auction, the cost of some works reached $ 7,777, for example, the image of Hillary Clinton in a giant fur suit in the form of SpongeBob – Spongebob Hillarypants.

The popularity of non-fungible tokens is gaining momentum. Earlier, the editorial staff of BeInCrypto reported that the trading volume of NFT tokens on the SuperRare platform exceeded $ 4 million.

Can the NFT Industry Overtake DeFiDecentralized finance (DeFi) is a blockchain-based financial services that offers users access to an open, efficient and … More? Read the opinions of the experts in our article!


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