Beeple Did Not Store Funds From The Sale Of NFT In Ethereum

Digital artist Michael Winkelman, aka Beeple, told The New Yorker that he has converted the record-breaking non-fungible token (NFT) proceeds from Ethereum to US dollars.

 

“I’m not even close to being a crypt adept. I’ve been doing digital art long before all this bullshit. If NFTs evaporate tomorrow, I will continue to do this, ”the artist summed up.

 

Everydays: The First 5000 Days sold for $ 69.3 million. After deducting commissions, Winckelmann received $ 53 million.

The painting is a collage of thousands of works by the artist, published on the Internet since 2007. The buyer was Vignesh Sundaresan [Vignesh Sundaresan], hiding under the pseudonym Metakovan.

At the end of February, Beeple’s Trump NFT token was resold for $ 6.6 million. In December 2020, the artist raised $ 582,000 for Crossroad.

In March, Winckelmann sold the painting “OCEAN FRONT” for $ 6 million. He will transfer the proceeds to the fight against climate change.

On March 22, Beeple called the non-fungible token market a bubble.

Earlier, Twitter founder Jack Dorsey sold his first tweet in the form of NFT for $ 2.91 million. The lot was bought by the founder of Bridge Oracle Sina Estavi.

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