Beeple Explains The Absurdity Of NFTs | So Expensive

Mike Winkelmann, better known as Beeple, has sold the most expensive digital artwork in history. It’s part of an explosion in the market for NFTs - tokens that prove ownership of things like digital art that you can’t even touch.
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#NFTs #Art #Beeple #BusinessInsider
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Beeple Explains The Absurdity Of NFTs | So Expensive

[@nolanmartin6601]

People will glance over the fact that Mike made an artwork everyday for 13 years straight. While also letting VJ's use his animations for free at events like Coachella, and other music festivals. This guy has done tutorials, givin free content to people and stayed consistent for over a decade. Dont look at this as an overnight success or even something that was easy. Its really not and the odds of you being able to do any of this is incredibly low, especially if you are only going to get into art for money.

[@karsonh7929]

What’s his KZbin?

[@nolanmartin6601]

@@karsonh7929 Beeple

[@idib1739]

Thanks for reminding people about this important side of the story

[@rdizzleoriginal]

I don't think anyone is mad about him getting rich. More the oddly stupid reason he did. Good for him for capitalizing on stupidity and trends.

[@nolanmartin6601]

@@rdizzleoriginal Blockchain technology isn’t a trend. It’s the future

[@nikhnp]

People are amazed about the fact that he has done one render a day for 13 years and I am more amazed that he did not cuss even once.

[@kalebgonzales4009]

He said douchie, haha

[@hvaranhvaran]

He did and a lot. It was just cut))

[@chuckf3109]

Real Beeple fan spotted.

[@jeanpierre4474]

@@chuckf3109 not really he probably just watched corridor crew's vid ;d

[@risingtide_official]

They need to post the blooper reel.

[@phiswe]

“When bankers get together they talk about art. When artists get together, they talk about money.” - Oscar Wilde

[@riggingpots3453]

I like that

[@RojaJaneman]

It’s usually normal for people to NOT talk about their work once they’re done with it.

[@bencgiandorigami731]

I do art I don’t think it’s just for money wtf I do it for fun quality not qaunity

[@bencgiandorigami731]

@A H I’m a hobbyist lol

[@nikhilghatnekar]

@@bencgiandorigami731 then you aren't what Oscar Wilde was referring to

[@TheMattsem]

Even the artist questioning the value of his own art make you wonder about the people who buy it

[@colegrif]

Yeah bro who knows

[@senglomein5766]

I like the way you put it, and the answer is quite simple: they dont even care what they are buying, they just wanna get some returns.

[@Tony-kj7ui]

tax write off for business

[@klopcodez]

@@Tony-kj7ui Yeap who ever bought it must be a person who makes millions of dollars and probably wrote it off on the tax so eventually he got it for free such a corrupt world lol

[@kingofcelts]

@@Tony-kj7ui Or possibly laundering..

[@Js-mm1jdjwc]

NFT are the biggest WTF moment I ever seen.

[@ashketchup247]

I expect this will last as long as Quibi

[@retromodernism1799]

What the funge...?

[@Qwiegybow04]

@@ashketchup247 NFT's have been around since the mid-2010s so... it's already been around far longer than Quibi.

[@GlitchMoney]

I wonder how much she was paid to say she didn’t sell it for 50k cause it would go up in price 🤣 TRASH

[@joeltorres1379]

I got in last year . Missing around I uploaded a picture my daughter drew and sold it for .1 eth.. this nft craze is a blessing.

[@balmaceda882]

In some years i expect to see "The rise and fall of NFT Art"

[@idib1739]

*month

[@charlesrodriguez7984]

@@idib1739 day*

[@samuelimanuel7643]

@@charlesrodriguez7984 *hours

[@dennisg8371]

@@samuelimanuel7643 *minuites

[@aamirpalnak6983]

@@dennisg8371 seconds*

[@helenoliver4838]

Having a dynamic strategy cannot be overemphasized when trading. The best advice I could give to any trader is don’t trade if you don’t have a working strategy.

[@dannyvera8475]

I’ve only been trading months and I’m still yet to make my first $1000, I’m still trying improve on my trading techniques and strategies and I would really like to make profits from the forex market too

[@henrygarcia1792]

I’ve made a loss of over $25000 trading in my own where can I find an expert to help me recover my losses and also help me earn consistently from the stock market.

[@helenoliver4838]

I'll suggest my expert Christine Lynn Saitta I trust she could put you on the part to financial freedom with her ever winning strategies. You’re always guaranteed 90% profits trading through her . a friend i referred to her made $26k weekly with her signal

[@dannyvera8475]

How do I reach her ,you got any possible means of getting more info on her services?

[@helenoliver4838]

Lookup with her name on the web, you will find everything you need to know about her service.

[@HustlesInc]

Beeple is a awesome artist and so much money to be made in NFTs because of the crypto whales though tbh. I'm just a glad to be a part n understand the space so well. Just got into Bangsta Bears nft and the community is awesome, I've learned a crap ton!

[@Milk-yi9hg]

I Screen shotted your nft

[@HrCh-id4vd]

@@Milk-yi9hg hahaha

[@nacho6311]

Thx for the free image.

[@etriganthedemon666]

Don't mind If I screenshot

[@alextanner115]

I’m screenshotting everything btw

[@20_percent]

Wasn't in 5 minutes though. He works every single day.

[@rayc4050]

Every single day for 14 years.

[@bigrathole]

overnight success takes a long ass time.

[@googlemail4241]

Hes got some cool art. No hate to him and congrats on his success but ive done a lot more than digital art from a risk perspective and made people ~billion(s) of dollars including one of this guys boss's boss's boss's etc boss. Nobody paid me shit at the moment. More than market inefficiency.

[@ArjunSharma-gy1eq]

Still 70 million is a lot. 70% of the people in the world can work everyday for 70 years and not make a million dollars.

[@enolopanr9820]

Regardless of the input from the creator, you are paying something and getting nothing. And you are hoping to sell that nothing for more than you bought that nothing for. There is no substance or value to any of this. And the whole idea that people actually want digital art is bullshit. Nobody wants to say I spent millions on a few pixels. There is no demand for this art. The only reason people are jumping on this is because people are jumping on this. This is nonsense.

[@sudstahgaming]

With crypto currency and nfts I understand the world less then I ever have before I mean wtf

[@octavianeandracles5868]

it's confusing true but quite logical : everything is getting dematerialised and stock on the internet. nft and crytpos are just digitalise what have values. who knows the next step would be to digitalise humans soul on a usb key.

[@kayllenstarships9009]

@@octavianeandracles5868 you scared me ;-;

[@alexanderperez2732]

Yeah i first realized it with itunes back in the day. You were paying for something that wasn't tangible. Then all the streaming services. People are moving toward less clutter. Lol

[@octavianeandracles5868]

@@alexanderperez2732Exactly ! imagine to sell to each people of earth one dvd of a movie. and sell them the same movie on a streaming service. the infrastructure and the cost are way important for a materialsed society. Netflix first started by renting dvds but noticed the limit. The danger of this dematerialised society would be that you ain't the real "owner" of your content , so companies could change your property (like the original Star Wars ) according to new standarts and that can be a very dangerous perspective. the blockchain can avoid this 1984 world by proving to all the system you are the owner of a non censored product.

[@Ken-no5ip]

Demand =\= value

[@akastenas]

It's almost we are living in an absurd parallel world since 2020. The purpose of NFT is not art, it is creating/duplicating your money. You create art, your rich friend buys it. You give money back, keep the art. The art becomes a token of what has been paid. You liquidate the token, get real money, someone else can inflate it and sell to someone else. It's basically creating tokens of real money and later selling them for real money, while the owner is left worth the "idea" of value. Quite genius really, however highly highly manipulated. Not relevant either.

[@cloudshifter]

It's basicly a money tree but works only on people who are already rich. As always in real life, if you're reach is easy to get richer.

[@Selfg12]

I'm actually really happy for him. I've followed Beeple for a long time, and I'm happy to see he's actually making money from something he enjoys doing.

[@zuchininoodle6258]

Beeple has been doing this for over a decade just because of the art. He never had a financial incentive, so he deserves what he gets.

[@raymundcayao901]

True

[@crosidre4094]

agree

[@kryse4806]

"wow hes really lucky to get that much money from a couple of digital art" "he works for louis vuiton and nike sometimes" "oh nevermind"

[@CamGersh]

Plot twist: he only does it for the money and put on a fake personality

[@NaudVanDalen]

Sure, he worked for 5000 days (13.7 years), but 69 million dollars is a massive amount of money. It's $13,800 per day. More or less depending on what Ethereum does unless he sells them for dollars. Is a single day of creating a pretty picture worth 6 months of wages of a random person?

[@elistabler]

No one: Business Insider: Changes title from $70 million to $69 million

[@joshchen8679]

I googled him and they said $69 million not $70 million

[@roxxonsnowball8146]

Noice

[@EXPLOSIVEXPLOSION]

Nice

[@elistabler]

@@joshchen8679 Yea I just meant the title was originally $70 million and then they changed it a few minutes after it was posted.

[@ikiyoliving462]

It's ok not too much 👌

[@mikecollins5261]

People paid high prices for tulips hundreds of years ago because "someone" made others think they were really valuable. Nothing really has value until someone says it does. Then it's up to you to either believe it is or isn't. If you think these jpegs and gifs are worth what someone says it is, go ahead. Just don't be surprised if it all comes crashing down. Like the tulip price did.

[@LUCKO2022]

Exactly. Fools and their money will soon be departed.

[@halhal2592]

Rich people buy art for tax reasons

[@baasjek2526]

Or like Bitcoin didn't and everbody said if was a scam

[@tricallyourmama]

Most underrated comment on here. People forget about the tulip craze

[@rinatennouji5988]

Do I look like I know what a JPEG is?

[@ritiktyagi1926]

I thought spending money on in game loot was a waste, imagine my surprise when i saw this 😂😂

[@jacobmarley2417]

At least the sword of the destroyer has a dps of 17.5 with +INT.

[@think_fool]

@@applejuice3500 who would want to buy it? There's no value in keeping it.

[@BruceWayne-qe7bs]

Imagine an Indian brought that art.

[@livelyosprey]

So when you're buying a tweet or some digital art for multiple millions, what are you getting that other don't? I don't see the point

[@Antonio12840]

I honestly have no idea

[@stephenlambert6407]

OMG, why can’t you Neanderthals understand!!! You are the owner of the item. Everyone can enjoy the Grand Canyon but only one person can own it . Please continue to wear your masks and keep social distancing

[@almareyes2192]

@@stephenlambert6407 still no point lmao

[@almareyes2192]

@@stephenlambert6407 how do you know this person is from Netherlands either way?😂😂

[@stephenlambert6407]

@@almareyes2192 you troll, you have no concept of art, are you mad that you can’t afford this? Maybe I’ll buy you a MAGA piece for your collection

[@LiNa-fp4xz]

Never stop dreaming. Be hungry and never stop believing in your dreams. If someone can do it, you can do it. Be strong

[@LiNa-fp4xz]

Being successful don’t happen by magic Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.

[@eduardomarquee551]

@@LiNa-fp4xz NOBODY BECOMES A MILLIONAIRE OR BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRINGS MILLIONS OF DOLLARS AND CONSISTENCY BRINGS BILLIONS. THE MARKET IS ALL ABOUT CRYPTO NOW YOU MIGHT WANT TO LOOK INTO IT

[@jessicaallen6874]

@@eduardomarquee551 True, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance that lack an investment value. This means, if you have to plan you must be an investor. that's why Investing in crypto stands to be the best

[@annienolen8175]

@@eduardomarquee551 Nice!! The only credible law of increase is investment because money not invested has no future. I make huge profits on my crypto investment since i started trading fx with Mr Kelvin Maorgan, his trading strategies are top notch.

[@antoniohandel8332]

@@LiNa-fp4xz It is the planning you put into today that will yield the dividends of prosperity for you tomorrow.

[@Giggiyygoo]

This is one of those signs of an overall market bubble. You young guys get to see it for the first time, so 20 or so years from now you'll know it when it happens again.

[@patd6370]

This phenomenon can be explained in one word: TULIPS 🌷 In the meantime, Beeple and others are laughing to the bank. 🤣

[@weezy8727]

In my opinion there is no point in owning nft but good for the guy. 70 million is a ton of money for just pixels.

[@EmillioMelendez]

Especially when someone hacks it and steals it

[@TasX]

@@EmillioMelendez I don't think you can hack NFTs. It's like trying to hack copyrights.

[@bngr_bngr]

Joe Blake quantum computers can hack a blockchain.

[@SkinnyVinnie]

@@EmillioMelendez it would be like hacking the Bitcoin blockchain, not gonna happen!

[@TasX]

@@bngr_bngr what does blockchain have to do with copyrights? Plus the only quantum computer that can currently do that is owned by Google and IBM.

[@salvatoredelilleorlansino5332]

He really deserved this after 18 years of publishing hir artwork for free. For anyone saying he got lucky, that's just dumb cause he'd done so much before he got this hit.

[@sahilmeena8018]

He's lucky.

[@salvatoredelilleorlansino5332]

@@sahilmeena8018 no, his hard work paid off

[@johnnyrambles]

His hard work did pay off, but he got seriously lucky! This NFT craze is Beanie baby craze multiplied by Fed helicopter money. It may just be the final warning sign of the instability and irrationality of today's markets.

[@salvatoredelilleorlansino5332]

@@johnnyrambles totally agree, but I just didn't want it to go dismissed that his artwork is so valuable because of his persistent art animations he's been doing for years without missing a day

[@loglounge.de.podcast]

If normal people get 2K a month. NOBODY CAN WORK SO HARD TO DESERVE A MULTIPLY OF IT BY (choose number far beyond 2)! This has NOTHING TO DO WITH DESERVE. It is LUCK and not DESERVED BY WORK.

[@havenbastion]

Imaginary constraints leading to imaginary value is why the entire economy is a bubble.

[@steveoshea9763]

Over 7 billion in capital lol

[@heathertoomey7068]

How interesting...

[@cloudshifter]

Worse thing is, if one collapses a chain of others will as well, other countries that perhaps never ever heard of NFT's before. Just like the Bank collapse. Europe really got bend over for no reason.

[@idumdumbo1243]

did my art assignment on this guy in 2019 before this happened, barely anyone knew him and was on his daily artwork project that he started many years ago. crazy how much money he made off a hobby that he did in his pass time.

[@johnny-mnemonic13]

So what was full time job?

[@sirmorallyincorrect4638]

I'm confused. Buying art for millions is one thing, but buying digital art for millions is another.

[@ashpelt1]

its really the same thing. U dont own the mona lisa just because you can look at a picture of it.

[@Nitrodino7875]

It’s not even owning a digital... you basically own a digital signed version of the art...

[@kimisaacbuelagala1314]

nah any art is just bullshit the art market is just for money laundering they don't buy the thing for the thing, they buy it for what everyone says it's worth

[@denero4735]

@@Nitrodino7875 that 'Cannot Be Forged, copied or Duplication made.

[@SiMeGamer]

You are not buying the art. You are a buying a receipt of of digital ownership. It's literally worthless. NFT as a technology is fantastic. But this NFT art craze is literally people buying digital receipts for products they don't even get. You can also think about it as buying a digital signature of someone. It's completely idiotic.

[@justinphilip3502]

Who else saw this guy in Corridor Crew

[@areezdordi361]

Which video was he in?

[@justinphilip3502]

@@areezdordi361 I don't recall the vid title it was something with creating art every day for 5 years or something like that

[@areezdordi361]

@@justinphilip3502 Oh right! That video. I got it thanks man P.s- Here's the link kzbin.info/www/bejne/labPap2oeL2biJY

[@TheSauceSultan]

I think Beeple capitalized at the right time in the nft market to achieve such wild sales numbers. Without a serious online following, it's difficult for an artist to sell individual pieces like this now. Collection-based projects are all the rage, and as an artist myself, this is how I've been able to earn a living the past year.

[@Manishdna]

I agree! So much interesting facts that he mentioned and provided!!!

[@lazarostheodorou9183]

The movie IDIOCRACY is becoming reality faster than anyone expected...

[@gabbar51ngh]

They are selling ownership. It makes sense but what they are using it for it's silly

[@kriskorat]

Try to think back when facebook came out. It was stupid to the majority. Why do I need so called digital friends? I have real friends. Nowadays we can’t live without it. Either we are developing or we are just stage by stage more idiotic.

[@Z3t487]

@@kriskorat Nah, i don't need facebook.

[@cunkristl8852]

@@kriskorat yea but facebook makes sense, u connect with other people and stuff, nfts are just plain dumb, rich people buy them to have a fake feeling of exclusivity and theyre harmful for the enviroment

[@pistolen87]

Feels like emperor's new clothes

[@foundationsmedicalinformat2420]

Tulip Mania

[@hundredtwo918]

We're probably living in the biggest bubble mandkind has ever seen. Pretty soon we'll be buying and selling thoughts and ideas.

[@kynhammer153]

What do you think media franchise rights are 🤣

[@trippyalienx7487]

NFT's are mind boggling - Great Content !!

[@rullyandriyanto6342]

The real lesson here is he make sketch everyday from 2007.

[@gmchessplay9043]

"its very, it's a lot, it's a thing, I don't know" - Beeple 2021

[@waterios73]

each of his illusttrations are amazing. He deserves it.

[@nachannachle2706]

Really? Nothing impressive here. Just a lot of cheap IG sensationalism featuring the usual suspects (i.e Trump, Kim Jong-Un, etc.).

[@woods565]

@@nachannachle2706 yep, I doubt he’ll make crypt keeper Biden “art” anytime soon.

[@MrLightstudios]

It’s really simple, there are lots and lots of dumb people in the world, buying physical art that you think looks good makes sense, you can put it up in your house and it makes you feel good, a digital piece of art that you can have anyway yet pay for is so so dumb, dumb people make brands big, make other people rich, good on Beeple for doing this though it’s awesome he’s getting the money he deserves for all his hard work.

[@akshatghoshal6098]

You really dont get it do u? Buying physical art like banana taped to the wall is also something u can have anyway but the notion of scarcity is what drives the prices up. So buying physical art doesn't make any more sense its all about scarcity.

[@PeaceWarMostlyWar]

@@akshatghoshal6098 Small-minded people refuse to accept new things.

[@AbhinavKumar-ov3xf]

I dont care about nfts but the growing hatred toward cg arts is pissing me off

[@MrLightstudios]

@@AbhinavKumar-ov3xf I don’t hate digital art 😂 I literally make it for my job, I’m a digital artist, I love it. But NFTs are a way for rich people with social media reach to exploit that and get even richer.

[@fredy271185]

peoples love waste money on dumb things.

[@Pedro-gh6sn]

When you have more than you need it's not wasting... Also, they can be buying something that can worth much more in the future. People who paid 100$ for a bitcoin can explain that to you better than me

[@IIOctaneII]

I guess bitcoin was a dumb thing to buy when it was $300 💀🤣

[@POOMPLEX2]

money makes the world go round

[@CareySullivan-cu3fw]

A lot of rich people are stupid.

[@SleepyMatt-zzz]

This has been amusing. While everyone is scrambling, trying to figure our how this could have happened, I'm just sitting here laughing my ass off because this is also how the fine art market works. NFTs just point to the absurdity of the things we assign value to. There's no debate on whether or not digital art has intrinsic value, because all art is worthless... And I'm saying this as an artist. Congrats to this guy for cashing in on 13 years of work 👍

[@comebackfailed6350]

so a banana duct-taped in a wall is not an art?

[@chrishamilton1728]

I always figured fine art that sells for millions was just money laundering. It's one of the only large sales that doesn't require a form for transactions over 10,000 (form 8300 in the states). Just saying, these NFTs seem like a great way to scrub dirty money. A good percentage of the market is probably funded by human trafficking. It's pretty rare for someone to throw away millions because of 'intrinsic value'. Most people are hoping to sell it for more than they bought, or they're just trying to clean their money. In other words, I can buy an NFT for 50,000, then I can sell it to my buddy for 100,00, he can sell it to another buddy for 150,000 - we just cleaned 250,000. Then we can sell it to someone we don't know for 300,000 because either they too are laundering their money, or they just think they can sell for 350,000 based on the history. So there we go, 250,000 cleaned for free, and it doesn't look suspicious since it's just a couple transactions on a longer chain. Looks to me like the whole NFT market is made of criminals and gamblers, but at least artists get some money out of it, dirty as it may be.

[@IvySnowFillyVideos]

You're worthless only If you don't value yourself as an artist

[@romanboi10]

You say all art is worthless an are an artist? lolol Video games is digital art. Movies is digital art with cgi. 2D or 3D Digital advertisements is made from art. Thats money. Even a digital piece that you enjoy looking at in your house. This is common knowledge. Digital is not worthless. Maybe you feel that your art is.

[@IvySnowFillyVideos]

@@romanboi10 he's a troll......not an artist

[@louisclifford9874]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@wilsonbrown8993]

Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.

[@tinythomas4438]

It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

[@anthonysam9391]

Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

[@louisclifford9874]

@@anthonysam9391 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

[@anthonysam9391]

@@louisclifford9874 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

[@minortriad]

Watched plenty of videos of low-income people breaking their backs harvesting poisonous cashews, farmers fighting drug cartels, people donating plasma, making perfume by hand with thousands of years of tradition, and then I see this video. People so rich, they literally don't know what to do with it. Income inequality at its finest.

[@Moodboard39]

All that money in the bank catching cow webs

[@Crushenator500]

I've been following this guy for ages on Instagram, his work is hilarious. Definitely didn't expect to ever see him making headlines like this. Good for him.

[@Star-eb5zg]

Remember back when everyone found him annoying in corridor crew

[@leemavundla]

Yeah

[@toutafarel9436]

Hahahahahaha yessss

[@joannot6706]

I found him funny as hell!

[@Star-eb5zg]

@@joannot6706 I think he's like marmite you love him or you hate him.

[@walterkaminski4861]

The amount of time we spend believing we can't is more than enough time to learn how you can.

[@mukoroelohor6722]

Am definitely stealing this, you are genius.💯

[@nelsonsandra2176]

"some people are so poor all they have is money"

[@chrisnath7660]

You are absolutely right👍,

[@gordonsmart5310]

Assets and investment is that tiny line that separates the rich from the poor.

[@fredannie1901]

about investment, Bitcoin is the future and with the help of a professional trader you can touch the skies.

[@ironeo]

I think Disney is going to come knocking and ask for their cut for all the characters he borrowed LOL

[@nobo1682]

potential shadyness, considering how analog art has always been used for money laundering

[@DeathSpellXVI]

Yeah, it also sounds like they're trying to hype this up so people will rush to buy this shit.

[@nobo1682]

money laundering is a industry unto itself before nft was a thing, and in that sense it democratize money laundering to the masses, or it could in theory.

[@enyotheios2613]

As someone who has been using the same programs as Beeple does for his work for the past couple years, I can vouch that it is NOT easy. He put in tons of time, effort, equipment, and used extensive connections to get his work out there publicly for YEARS before ever seeing anything substantive from it. Don't expect to be successful, even if you can produce top tier artwork. His story is hard work and happenstance, in equal servings. (Really love Beeple's Salvador Dali-esque surrealism style)

[@PrepYT]

Wheres your work?

[@danilsokolov29]

Do you think he works alone? Many artists, writers, people of creativity are not shy and give part of the work to others, so that at the end they can finish it and put their signature.

[@alystdesign]

I love your words "His story is hard work and happenstance, in equal servings. "

[@nachannachle2706]

Fair enough. I just hope that he has a good accountant. Because the day he sells his ETH, he is going to have some real mofo income tax to pay. ^__^

[@davidedwards4088]

Absolutely fascinating!

[@AdiiS]

It's sad because digital art sells so high yet real art like drawings that need REAL skill sells not even close. What a fu*k up world we live in.

[@ankansenapati3600]

People like you 🥱 once mede fun off Digital Art by saying this is not even real art Anybody can do it. Now when people is buying this stuff for real your ass is getting 💨puffs

[@etriganthedemon666]

Some NFT are good, I can understand why they worth that much but a random scribble on a canvass and being worth a ton of cash that's what gets me mad

[@Moodboard39]

@@etriganthedemon666 than do it lol and sell it . Why you the f moaning

[@Moodboard39]

@@etriganthedemon666 like a girl

[@etriganthedemon666]

@@Moodboard39 why would I do something that makes me mad?

[@omar...4250]

Money laundering

[@af98]

Yeah people dont realise how dodgy the art world is.

[@omar...4250]

@@af98 yup

[@nikims_]

Money laundering by who exactly? The ethereum network isnt controlled by anyone

[@susan5244]

I lost my last few brain cells watching this. Tf is going on!!

[@jayti1827]

😂😭 it's 2021

[@itskindofemily]

For real, I wanted to watch this to understand this and I just.. I understand it less

[@siem9329]

@@j73xt52 what would the buyer of the art benefit from all this, assuming he have the rightful possession of the art and is not trying to sell it. Would the benefit just comes from selling the art for higher price? or will it bring money as the gp uses the art often e.g. memes?

[@Big_Dai]

@@j73xt52 except there is no original... Even the creator of the file probably won't have the original. Compitera modify them, and movements to other folders and uploads to the internet already compromise this concept of the "original file" to the point it's impossible. It's just bragging rights.. and a right to nothing really. But it can be sold and traded, because people are desperate to "own" things and are as dumb as a rock.

[@Big_Dai]

@@siem9329 no, NFT value is associated with the change of ownership. Creator selling gives it the exact amount. As the "product" moves hand after that, they get a small cut. But I believe Nafta need to be maintained, like a subscription. Not sure by whom.

[@efwfew]

I'm not a fan of his work at all, but damn he hit it big. Good for him

[@dimatadore]

Beeple explaining the absurdity of NFTs: "It's a lot, it's a thing.... Idk."

[@Alo0oys]

People are really dumping their excess money into anything these days :”)

[@pivnich7513]

"these days" :") Like... Never happened before, right?

[@SleepyMatt-zzz]

*Glances over at fine art market nervously*

[@nachannachle2706]

You mean, their "covid-19 paychecks"? It won't be long before they start regretting it though. The rich get richer by the day because they know how to drove the sheeples' money right into their bank accounts...tax-free.

[@jonathanngo7452]

Wow I followed this dude last year during quarantine, what a trip.

[@Kaitrader]

NFT's - a market for fools. A fool and his money are soon parted...

[@patrickkoenigsfeld1253]

Selling ideas. Good work!

[@alexmcettrick7332]

Why yes, our market is 100% stable and not nearing a possibe collapse. What makes you say that 😃

[@fredyang5074]

Bro, I saw this guy on Corridor Crew! Pretty glad he found success!

[@andy199903able]

oh yea i remember that ! i was trying to remember where i saw him before, nice catch.

[@MEHRABHASSANBAIG]

*One thing to notice how much Money is unevenly divided, that some people on top of the chain are spending it on NFTs*

[@dorianlauwerier4451]

For those searching the music starting at 1:06 it's "Persisting" by George Georgia.

[@thehomelover]

Beeple is an inspiration for every artist minting or thinking about minting NFTs. He deserves those millions having grinded for the last 13 years producing art daily.

[@julpasali]

Do you really think that is art?

[@Alec.Jerome]

@Mass Debater you’re overlooking a lot here. He not only created and published a new relevant work every day (not something even half every artist is doing), he also gave FREE tutorials, fostered a new generation of designers that looked up to him, and gave away his work for free and even provided it in a format usable by VJS for music festivals which is a job in and of itself. He provided immense value to hundreds of thousands of people for free for a decade. I wouldn’t call it luck I would truly say that just goes to show what you put out into the world can circle back to you and that is beautiful.

[@hsbert7648]

@@julpasali then what did you considered art? A banana taped on the wall selling for millions?

[@julpasali]

@@hsbert7648 yes at least its better than his stuff

[@hsbert7648]

@@julpasali lmfao you’re an actual clown, you think digital art is just as simple as pressing one button and you create an art piece

[@whatever_12]

So those people are buying an overpriced tablet to speculate on it in a nutshell.

[@sidehop]

Thanks for this; it was bound to happen eventually...it'll be a digital marketplace like Etsy which I don't see why it wouldn't take off with so many that do art digitally nowadays.

[@XQUEZZYX]

But it’s …. Digital. So you don’t own the art . I can take that art and still post it on nyc street tv . And you can’t sue me . At all . You can’t own copy rights on it .

[@romanboi10]

@@XQUEZZYX You own the design and can sue. If anyone uses it in their content or product. Just like a music artist can sue if you put their music in a movie or youtube video. Or if you publish the nft on a book cover...

[@romanboi10]

@@XQUEZZYX It's like a logo. If you own it, no one else can use it and a logo is digital. This is common knowledge.

[@XQUEZZYX]

@@romanboi10 no you don’t . You do not own the copy rights to the image . I can take the nft and have it in my shop promoted as just scenery art . And when you ask who made the digital image I’ll shrug my shoulders . I can literally take your nft and put it in my book yes . You don’t own the rights to the actual image.

[@XQUEZZYX]

@@romanboi10 no that’s now what a nft is lmfso . Your confused . I can take your nft and have it in my KZbin video and make money off having it in my KZbin video . I can take your nft and have it in my magazine. You don’t own the rights to the image , Like it’s a copy right

[@teamelectroteck]

For a random person to sell an nft for a huge ammount is impossible. Only verified celebs and artists are gonna be known and will have such a high value. As usual Rich are getting Richer and Poor become Poorer.

[@grintalk8462]

etheria was discovered yesterday as the first NFT on ethereum. It’s a bunch of parcels in a land. Who knows what those will go for.

[@stillwill8619]

What’s that?? Explain more please

[@icegiant1000]

So I am assuming that this is like selling the rights to a piece of intellectual property. Typically done with a contract and lawyers. Then you can go to court and prove you own something, and sue anyone who steals it, and you are backed up by the laws of the country you live in. Unsure if waltzing into a courtroom with 'NFTs' and nothing else, would be good enough for a judge.

[@PixelConcept]

The most impressive thing in this video is Beeple not cursing

[@phantomKE]

Now I can tell my parents I want to be an artist when I grow up

[@michaelpaul4676]

This is the badass visual artist that was on corridor crew

[@xracingleague]

To everyone, research it for 1 week before joining in. Not all you make is going to sell. Some make lazy art and successful, and many makes beautiful art and not sold 1 bit. Make something Cultural / Zeitgeist to make it worth.

[@davidhunternyc1]

Absolutely, the world sees success as greatness. If you're not successful, you are nothing. Then we discover Henry Darger.

[@Sinnaclxn]

Facts because I've seen some art on rearible and open seas.. good art too and no one is buying them.. but i see rush lazy art and I'm like whatt.. ppl pay 6k+ for these even the one tht was featured in this video of tge pixelated cat gif

[@alystdesign]

@@Sinnaclxn true it's almost about luck and popularity

[@clareysa]

But like are these platform safe? This is interesting though 🤔

[@xracingleague]

@@clareysa I don't know what you mean by safe... If you meant hackable or people can stole your crypto, I don't know.

[@on9francisyu]

I am happy this event to make people look at this.

[@tl6593]

His such a talented digital artist and humble guy.

[@space_1073]

whether it explodes or falls apart I'll be watching with popcorn

[@papacinoooo]

cant wait 😂

[@ants84]

Gonna get real scary for some people when the bubble bursts.

[@nachannachle2706]

Yup.

[@hollywoodundead72]

Life is truly the strangest thing when you factor in the digital aspect of it. Something that is just beyond the physical yet is able to be physical as long as its kept inside its own realm for us to view. Life is a true wonder isnt it

[@seamile88]

Now they exist in my phone. Thanks for the screenshot of them.

[@rizqysubagio9407]

fell free to screenshot every frame of this video and now iam rich i own the entire most expensive nft arts

[@quarterokay2964]

So beetle is genuinely millions selling art he makes every day in half an hour

[@SoulTaken]

yes.

[@lokman175200]

It usually takes him 2 hours not half an hour plus he's doing it in his "free time"

[@faticornsnft8386]

Really interesting video, I think a lot of credit has to go towards people who put a lot of effort into their NFTs. Some people are getting lucky with (in my opinion) rather rubbish NFTs and other people are putting in a lot of hard work to get to where they are in the NFT space :)

[@lanellejovante141]

Thanks for the comments! Don't forget to hit the Subscribe botton. For investment guidance! h>a>t>s>A>p>p> >+

[@nasif8777]

nfts artist after i screenshot their shitty art instead of spending 12 billion dollars

[@Sfitz34]

There's always a new tulip 🌷🌷🌷

[@ShaudaySmith]

NFT's are wild. I feel i may be missing the boat on these things, both as an artist and savvy digitally-minded person... but i just struggle with the notion of scarcity of a digital file and the implied value that creates for potential buyers. All the best to those that can find success in these frontier markets

[@mememachine5244]

Its literally just a front for laundering, nothing else.

[@Moodboard39]

@@mememachine5244 yea

[@darius5396]

Yes, Beeple has done this for the craft but what makes you think throughout that decade he didn't think about getting paid for one of his pieces?

[@Felix-oq8or]

I actually really like the way some of his pieces look and i would probably rather get some of them than real life art

[@kostismalliaropoulos98]

Damn I didn't know he was that famous. I was following him for years

[@johnlemon1977]

I've been following beeple for a long time on Instagram and never knew this was him.

[@ErickSntM]

Rewarded for the effort, perhaps the most hardworking artist of the century

[@bansjoslave2]

Wow, thanks for showing everyone where the guy lives, there's surely no way that could backfire... or maybe that's not accidental, is there anyone jealous/envious working within Business Insider?

[@rizly7334]

Can someone explain to me how he sold that tweet? Wouldnt it be the exact same if someone just went to his twitter and screenshotted it? There is no actual file so no proof of ownership?

[@TheEDOTONY]

I honestly hope it will get to a balance, it’s a great way for artists to get something from their work

[@daspov4709]

Just a trend, it will eventually subdue itself. People have really forgotten to create value these days

[@TurePappa]

Beeple is the god, no matter NFT or not his dedication to daily is impressive

[@theroyalone7588]

Question:So when you announce that you are going to drop A NFT collection, is it being announced to all the NFT members or what ? Please help with this answer

[@bobbydecker3]

I don’t think it’s an issue of him not deserving what he’s done, more a question of what this means for the art world

[@ems7623]

It is, in part, a question for the art world - but, more specifically, the art market. I do not yet see anything substantive for contemporary art discourses or practices, here. I'm watching and waiting ...

[@keithprice6581]

Congrats on him for having all that work finally rewarded.

[@EWKification]

Dude's been making money all along.

[@siiroblank2854]

Oh! *That* Beeple! Saw him on Corridor Pictures

[@Enders]

Real Artist Lives Life... People Recoil in Disbelief. Mike is a true renegade. Showing the world its own absurdity through lil ol art.

[@testing5644]

Number $69 is awesome! Waiting for the NFT bubble to burst

[@Santon-Motho]

Beeple's wholesome personality always shines through. Even a few minutes on camera and you'll know that this is a cool dude

[@YTTraveler777]

I get the exact opposite feeling. I think he's pathetic.

[@YTTraveler777]

And hardly wholesome. His "art" is profane and offensive.

[@DeathSpellXVI]

Really? He looks and sounds like he's on the spectrum, I can't stand his voice.

[@nachannachle2706]

Because he has got Millions? Now I see why the world is going down the drain...

[@musashig.9191]

Beautiful , do we know what software is he using. ?

[@francisfranklin2731]

what a great info! no doubt this is the future and there are a lot of opportunities here, but I still have a lot to learn. Analyze NFT projects please, I'm interested in Mononoke Inu but I still don't know what to think, I'd like to know what you think. Great video man