A digital artwork sold for nearly $70mn at Christie’s yesterday, in the first ever sale by a major auction house of a piece of art that does not exist in physical form. Everydays – The First 5000 Days is a digital work by American artist Mike Winkelmann, known as Beeple. It is a collage of 5,000 individual images, which were made one-per-day over more than 13 years. The sale of the work for $69,346,250 put Beeple in the top three most valuable living artists, Christie’s said in a tweet. The artwork exists in the form of a new type of digital asset – a Non-Fungible Token (NFT) – meaning that it is authenticated by blockchain, which certifies its originality and ownership. The market for NFTs
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