Beeple has a collection.
Business Insider.
Beeple sold a digital collection of his art for a record $69 million. The buyer wants everyone to have a copy.
The buyer, who is also known as MetaKovan, said he would be happy if everyone downloaded a copy of the multi-million dollar non-fungible token.
Information wants to be free, and keeping things on the internet inside walled gardens like paywalls doesn't work well, according to Sundaresan.
He wants everyone to be able to enjoy an NFT, a digital piece of art tied to the blockchain, without having to pay for it. The people who pay for the production get the credit for it.
It kind of gives importance to something else big, instead of giving the importance to that copy of the file. He said that the idea that someone supported an artist at some point was the memorabilia.
NFTs have grown to a massive market this year, with more than $10 billion in trading volume in the third quarter alone, a 700% jump from the prior three months.
NFT enthusiasts and critics are fighting over the digital asset's worth. Critics say that NFTs are nothing more than a file that can be downloaded, and that they are the key to unlocking the future internet. The critic downloaded them all to make a point.
In April, Sundaresan said that investing in NFTs is even crazier than investing in cryptocurrencies. He said high-value items would be limited with an infinite number of low-value items.
Business Insider has an original article.
