Beeple Makes History Making Over $500k in 5 Minutes with his NFT Drop

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Well this is nuts. I've been a fan of Beeple for years now. He's pretty famous in the circles I tend to hang out in. His claim to fame is that's he's released a piece of artwork everyday for over 13 years now. He's been a trailblazer in the concept of "everydays" or creating something everyday that a lot of people jumped onto. I've had spurts where I tried my hand at it as well, but the longest I ever managed was one month. I did make significant progress in that month though.

So recently Beeple decided to jump into the crypto space with his first drop on Nifty Gateway where he debuted onto the scene with a 6 figure drop. I'd imagine with something like that it's pretty easy to get hooked on the space and this time around it looks like they planned for the swarm of buyers that an artist like Beeple generates.

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This time around he released 3 open editions where however many editions of these pieces were bought were minted, BUT it only lasted for five minutes.

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As you can see he sold a total of 601 editions at $969.00 a piece which totals to a whopping $582,369!!! W...T...F...

Not to mention he released a series of single editions as well that are ranging in bids from $6,666k to $80k for the whole collection.

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One of the reasons I think this is really significant is because there is this huge pool of incredibly talented and skilled artists that up until now have only really been able to monetize their work by doing work for clients. I'm referring to digital artists. Some of the most talented artists in the world work exclusively or almost exclusively digitally and they generally end up working in various entertainment or advertising markets. They are typically not making the kind of money Beeple just made. These are people that are the best in the world at something, but the vast majority of them are just working class people. This opens the door for the "rockstar" digital artist, and it looks like Beeple is going to be leading the charge.

Super exciting times and I can't wait to see where things go from here!

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