The workEverydays — The First 5000 Daysis a collage of all 5000 images Winkelmann (known as Beeple) shared to his social media since 2007. It takes the form of a new type of digital asset - a “non-fungible token” (NFT),meaning it digitally certifies its originality and ownership.
Put simply,if a consumer buys an NFT directly from an artist,the buyer essentially gets the reassurance and bragging rights that what they own is a one-of-a-kind work.
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According to Sydney-based crypto art curator Sats Moon,the market for NFTs has soared in recent months as enthusiasts and investors use spare savings to buy up items online.
“The pandemic was the catalyst for the rise in the crypto art scene,the middle of 2020 was when collectors stepped it up a notch,” Moon toldThe Sun-Herald.
“In January,it absolutely exploded after our sell-out Future Art event,there was a lot of interest. We are returning over Easter in Sydney.”