A jpeg just sold for $69.3 million amid the NFT craze ...Middle East

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For most artists, finding success in the volatile art market can entail years of perseverance and a lot of hustle.But thanks to the current craze for blockchain-backed auctions, Mike Winkelmann—a relatively unknown 40-year old graphic designer from South Carolina who signs his works by the name Beeple—is now among the top three most valuable living artists, joining the ranks of contemporary art superstars Jeff Koons and David Hockney. “Everydays: The First 5,000 Days,” by Beeple Non-fungible token (jpg). 21,069 x 21,069 pixels (319,168,313 bytes).Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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