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Question and Answer. Artist Beeple sells NFT collage for a record $ 70 million

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LONDON (AP) – When digital artist Beeple auctioned off NFT digital art this month, it immediately became known when it sold for nearly $ 70 million. The record-breaking sales also sparked interest in real-time digital certificates based on cryptocurrency technology called “unusable tokens”.

These NFTs are booming. The Associated Press reached out to Beeple, whose real name is Mike Winkelmann, to talk about the auction results, the NFTs, how the cryptocurrency boom affected him and other artists who previously had no way of securing exclusive ownership of digital works. , which by their nature can usually be freely copied.

Beeple spoke to the AP via the Zoom call. This interview has been edited ացվել condensed for simplicity.

Question. Why do you think it is your “Everdays?” The First 5,000 Days ”artwork received such a high price.

– There are several reasons. One, it represents 13 years of work. You can easily see that this is something that took a very, very long time to prepare. Another part of it is the excitement around NFTs. The people in this area, the people who make their proposals, I think they personally understand what NFTs will be much more than the rest of society.

The technology is so simple that it can be used for many different things. And many people compare it to the beginning of the internet.

Question. How do you feel about the fears that buyer Metakovan, who previously bought your 20 other NFT works of art for sale and set up an NFT investment fund, was trying to raise property prices?

Tell someone you go out and buy a picture for $ 5 million. So that person invested $ 5 million in that artist’s career. If the next picture is much less, what does it say about the $ 5 million you spent? It’s kind of how the art market works.

So I think a lot of people are trying to find some crazy scheme or deception here. I do not see it personally.

Q – What did Metakovan buy?

A. The biggest thing he actually bought was a relationship with me to promote his purchase. I և he is very harmonious. I want to see these works of art depreciate. He wants to see the paintings depreciate, which helps me. So the thought that he bought nothing is kind of misleading.

(Beeple noted that he reserves the copyright to “Everydays”).

I’m very interested in having (paintings) a number of different ways to promote it, to show it, to educate people on how to make it. So I think people look at this (և think). “There is nothing there.” It’s more like, think of it as a piece of art that can be liked over time և have different shapes, unlike, say, you’re not buying anything.

H. Christie’s first accepted cryptocurrency as a selling fee. But do some people think that this deal really paid off?

A: 100%, man. That’s the craziest part. So, literally, things closed on Thursday morning. At around midnight on Friday night, the deal was literally 100% complete. (Metakovan) had NFT, I had $ 55 million on Ethereum, which went up and down immediately (in value).

(Beeple said it turned all the cryptocurrency into cash, showed off its cryptocurrency app, which shows a balance of $ 56 million. Taking it after Christie’s cut.) According to Christie’s, this is something , which usually lasts two months.

H. There are so many NFT projects now. Are we in the NFT bubble?

– There is definitely foam. There is absolutely a lot of excitement. And some people invest money in things that I can almost guarantee you will be worthless.

So this is one of the things that people are going to break into, it’s going to be a ton of money. But again, like the Internet (dot-com boom), there was a bubble, the bubble burst, but that did not make people stop using the Internet.

So people have to be careful. It is very speculative. These are very early days.

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For all AP technical coverage, visit https://apnews.com/apf-technology

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O’Brien invested in Providence, Rhode Island.

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