Beeple (b. 1981), EVERYDAYS: THE FIRST 5000 DAYS, 2021. Non-fungible token (jpg). 21,069 x 21,069 pixels (319,168,313 bytes). Minted on 16 February 2021. Starting Bid: $100. Hammer price: 6.6 million. Offered as a single lot sale concurrently with First Open. Online, 25 February to 11 March
On this episode of Explain Me we do a deep dive on Non-Fungible Tokens, NFTs, pronounced Nifty, but also N-F-T. Joined by guests Marina Galperina, features editor of Gizmodo, and former curator and writer on digital art, and Amy Whitaker, author and assistant professor of visual arts administration, hosts William Powhida and Paddy Johnson navigate the headlines generating news around this new digital currency, the basic definitions, and the potential and dangers it poses to artists.
Timestamped resources
Read and Watch
- Amy Whitaker, A New Way To Pay Artists, TEDXfoggybottom
- Amy Whitaker and Roman Kraussl, Fractional Equity, Blockchain, and the Future of Creative Work, Management Science, July 2020
- Amy Whitaker, Art and Blockchain: A Primer, History, and Taxonomy of Blockchain Use Cases in the Arts, Artivate: A Journal of Entrepreneurship in the Arts. Summer 2019
- Amy Whitaker, Hannah Grannemann, Artists’ Royalties and Performers’ Equity: A Ground-Up Approach to Social Impact Investment in Creative Fields, CMSE Vol 3, no 2, pg 33-51.
- Memo Atkin, The Unreasonable Ecological Cost of #Cryptoart, Dec 14 2020
- Rea McNamara, How Crypto Art Might Offer Artists Increased Autonomy, March 2, 2021