Everydays The First 5000 Days
Everydays: the First 5000 Days is a digital work of art created by Mike Winkelmann , known professionally as Beeple. The work is a collage of 5000 digital images created by Winkelmann for his Everydays series. Its associated non-fungible token (NFT) was sold for $69.3 million at Christie's in 2021, making it the most expensive non-fungible token ever. Everydays was purchased by Singapore-based programmer Vignesh Sundaresan, a cryptocurrency investor and the founder of the Metapurse NFT project, also known online by his pseudonym MetaKovan. Sundaresan paid for the artwork using 42,329 Ether . Both the buyer Sundaresan and the seller Winkelmann had a vested interest in driving up the price of the work, in order to bring attention to and drive sales for a speculative asset related to twenty other Beeple works, which they called "B20 tokens." The price of these tokens, in which Sundaresan held a majority stake, reached its peak during media coverage of the Everydays auction, and subsequently collapsed. Because of this, some observers have described the auction as a publicity stunt and a scam. Sundaresan receives rights to display the artwork, but does not receive copyright. He has displayed the artwork in a digital museum within "the metaverse ", which the public can view through a web browser.
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Everydays: the First 5000 Days is a digital work of art created by Mike Winkelmann, known professionally as Beeple. The work is a collage of 5000 digital images created by Winkelmann for his Everydays series. Its associated non-fungible token (NFT) was sold for $69.3 million at Christie's in 2021, making it the most expensive non-fungible token ever.
Everydays was purchased by Singapore-based programmer Vignesh Sundaresan, a cryptocurrency investor and the founder of the Metapurse NFT project, also known online by his pseudonym MetaKovan. Sundaresan paid for the artwork using 42,329 Ether. Both the buyer Sundaresan and the seller Winkelmann had a vested interest in driving up the price of the work, in order to bring attention to and drive sales for a speculative asset related to twenty other Beeple works, which they called "B20 tokens." The price of these tokens, in which Sundaresan held a majority stake, reached its peak during media coverage of the Everydays auction, and subsequently collapsed. Because of this, some observers have described the auction as a publicity stunt and a scam.
Sundaresan receives rights to display the artwork, but does not receive copyright. He has displayed the artwork in a digital museum within "the metaverse", which the public can view through a web browser.
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