• NFT artist Beeple’s latest work sells for $29 million at auction

  • That’s not even $69 million. But $29 million isn’t too shabby.

    Beeple, the digital artist whose tokenized artwork “EVERYDAYS: sold for a record $69.3 million at Christie’s in March, sold a hybrid physical and digital work for $28.9 million today. This is the second largest amount sold for an artwork by NFT – or at least the artwork that accompanies the “dynamic” NFT.

    HUMAN ONE is a 3D mobile sculpture depicting a man in an astronaut suit moving through various climates. Christie’s expected the work to fetch $15 million (or the equivalent in Bitcoin or Ether), but the hammer ended up at $25 million. The auction house netted another $3.9 million in buyer’s premium on top of that, and Ryan Zurrer, a former venture partner at Olaf Carlson-Wee’s Polychain Capital, was awarded the winning bid.

    HUMAN ONE is the first physical artwork by Michael Winkelmann, also known as Beeple. the ensuing digital work is linked to a deed of ownership posted on the ethereum blockchain.

    Beeple’s “EVERYDAYS” holds the record for the most expensive NFT sale ever and has helped propel the unforgeable token out of the dusty corners of cryptocurrency and into the mainstream conversation. Athletes and artists are busy cashing in on this trend. For example, CryptoPunks, a collection of 10,000 pixelated figures, regularly sell for millions of dollars online, while Bored Ape Yacht Club NFTs – which look as good as they sound – claim big bucks at Christie’s rival Sotheby’s auctions.

    The NFTs originated on the ethereum blockchain and were first popularized by CryptoKitties, a collection that allows people to spend ETH to breed unique animated cats. The token has since become a key component of rival blockchain expansion strategies, appearing on the Solana, Tezos and Flow blockchains.

    Trading volume for the digital token expanded to more than $10 billion in the third quarter, up 38,000% year-over-year.

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