It’s as immutable as a transaction on the blockchain: Nonfungible tokens, or NFTs, have permanently made their mark on art history. While the movement has some members of the arterati swooning at the notion of unwashed digital hordes laying siege to their domain, the reality is that the two worlds of high art and crypto are fated to become one and the same.
You might not have heard of Mike Winkelmann, but at least one art icon is ready to say he could rank up there with Pablo Picasso. The 39-year-old artist better known as “Beeple” has successfully forced his way into over a half-dozen different encyclopedia entries today after the sale of a career retrospective collage, “The First 5000 Days,” was auctioned off in the form of an NFT for a staggering $69.3 million.
The sale set numerous records and earned Winkelmann a number of highfalutin superlatives — ones that are no doubt making NFT collectors and prospectors rub their palms: the third-most expensive piece sold at auction by a living artist, the first wholly digital NFT sale at Christie’s and the most expensive NFT ever sold...
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