HOW WILL OUR TIME BE REMEMBERED?
This March, the Charleston-based digital artist Mike Winkelmann (born in 1981 and known as “Beeple”) sold an NFT (non-fungible token) of his collage artwork for $69 million at Christie’s. According to the auction house, this sale places him “among the top three most valuable living artists.” An NFT is a unique digital file that exists only on a blockchain. The buyer gets limited rights to display the artwork it contains, but in many ways, you’re just buying bragging rights and an asset you may be able to resell. NFT marketing has exploded in the past month and seemingly everyone is offering one, including athletes and musicians. Until last autumn, the most a Beeple print had ever sold for was $100. As a technology, the NFT’s potential is unclear. We may see it…