NFT Artist Beeple’s Ethereum-Based 3D Video Sculpture Garners $28.9mln at Christie’s November 12, 2021 November 12, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Ethereum NewsNovember 12, 2021 by Kelly Cromley

NFT Artist Beeple’s Ethereum-Based 3D Video Sculpture Garners $28.9mln at Christie’s

HUMAN ONE, an artwork designed by American graphic designer Mike Winkelmann, popularly known as Beeple, was auctioned for $28.9 million at a Christie’s auction in New York City. The amazing seven-foot-tall artwork is made up of four huge LED panels that are mounted in a frame-like construction composed of wood and aluminium that is painted black.

The first portrait of a human born in the metaverse,” according to Beeple, is a unique 3D video artwork powered by the Ethereum blockchain. According to a statement on Christie’s website, the bidding was completed in less than three minutes.

Together with the non-fungible token, the sculpture, which is a blend of physical and digital technology, was auctioned at the exhibition (NFT). a humanoid person clad in body-hugging silver garments walks through a smoky environment in the background of the photograph. The shifting scenes on the LED screens are saved on the Ethereum blockchain and are displayed on the screens.

Take a look at this video that Beeple has put on YouTube. According to CNN, Winkelmann stated that he intends to continue adding fresh imagery to the four walls of the sculpture throughout his lifetime in order to establish a lasting relationship with the winning bidder after the artwork is completed.

As he explained further, “although a traditional work of art is more like a finite statement that has been frozen in time at the point it was finished, this artwork’s distinct potential to be modified makes it more like a continuous discussion.” The artwork was auctioned to a Swiss bidder who won the auction through an online auction.

Recently, the artist’s collage of his digital photos named “Everyday: The First 5000 Days” was sold for $69.3 million at an auction as a digital collectible, also known as a non-traditional treasure (NFT). The selling caused a frenzy in the NFT community. NFT sales volume increased by a whopping 57 percent to $10.7 billion in the third quarter of 2021, according to market tracker DappRadar. This amount represents an eight-fold increase over the preceding quarter’s total revenue.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.