How this NFT sold for $69 Million (Beeple)

Check out our NFT: colinandsamir.mirror.xyz/
The $69 Million dollar Beeple (Mike Winklemann) NFT digital art sale at Christies Auction House, explained.
00:00 Intro
01:34 How Beeple got started
03:01 How Blockchain changed Digital Art
04:14 Beeple's first NFT drop
06:04 Why people pay millions for NFT's
07:05 When did Christies reach out to Beeple
08:25 The $69 Million Dollar Art Sale
09:35 Beeple's impact on the creator economy
12:29 Would we buy an NFT?
14:38 The Kings of Leon NFT
15:18 Auction vs Set Pricing for Creators
18:41 Why the NFT's Royalty Structure is amazing for creators
20:37 Anything is for sale
21:21 Be Careful buying NFT's
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How This Artist Made $69 Million Selling Digital Art With NFTs | So Expensive
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WHO ARE WE:
We’re Colin and Samir, creators based our of Los Angeles California. We make videos about the creator economy, and the lessons we’ve learned over 10 years of being on KZbin. We also interview creators and try and get to the bottom of what’s working on KZbin and where the creator economy is headed. We are currently working on building education with creators, if you want to learn more, sign up for our weekly newsletter.
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[@Dude-ew5fd]

It took him 13 years of hard work to become an overnight success.

[@InnerAnimations]

was it 14 years?

[@Dude-ew5fd]

@@InnerAnimations yes, but this is first 5000 days so it is about 13 years and 8 months

[@SIMANBGMI]

69 MEMES:)

[@InnerAnimations]

@@Dude-ew5fd pretty much 14

[@phonytexts]

Bill Gates vibe for sure lol. Love your channel. These NFT's are really fascinating!

[@ffs2015]

people following nfts are just dumb bagholders

[@AuthenTech]

Dang, huge kudos to Beeple, I didn't know he was the guy on Corridor Digital's channel. I love the idea of audience based auction pricing for content creation, very fascinating.

[@MyInstantSearch]

found you the Hasselblad guy

[@MyInstantSearch]

@Hezekiah Danny nice try bot

[@futuroid]

I've listened to hours and hours of podcast episodes on NFTs but you guys really put this conversation into a real-life perspective that's kinda of empowering. Props to you both for a great convo

[@olivernielsen970]

Remember seeing this guy on corriders channel, and I was so impressed. So stoked to see his work pay off

[@alicapwn]

Same, huge fan since then.

[@nexusyang4832]

Wren is one of those pix :)

[@humphrey]

Great video, that Owen Wilson WOW tho, lmaoooo!

[@waltermata9444]

You guys keep killing it with the podcast story telling format! Love it!

[@TheBestMusicEar7]

Excited every time a Colin & Samir video shows up!!!!

[@westonziton602]

I’ve been a huge fan of your channel for awhile now. The content you guys produce is so top notch. I’d love to see shorter videos though. Some of me favorite videos you guys have made are the ones that are 10 minutes or less and they seem to get the most views as well. That being said I watch all your videos no matter the time haha. Love the content(:

[@jabreaks3782]

Such a great quality video. Thanks for the explanation Colin and Samir!

[@yaacov9008]

Great video. I had no clue what was up with these headlines before this video. Btw it's super cool how this is clearly researched and planned but still comes across as a casual conversation.

[@captaincloudsuperhero6869]

Great breakdown as always! Very interested to see how NFT’s end up being used by creators in the Twitch/KZbin space! I know I’m definitely working on some hero/villain art cards/trading cards.

[@LashanR]

Honestly the Beeple sale actually legitimised this whole NFT thing. The Logan Paul and NBA crap was just cashing in on a trend. Beeple is proof that NFTs solve the old-as-the-internet problem of being able to make a living off digital art.

[@AntonWongVideo]

idk, I would say that NBA found a new "trading card alternative". and of the major sports leagues in North America, they were the first to start an official esports league with 2k League but, yeah beeple sales did help make NFTs a thing for digital artists

[@hdee5615]

Nfts will change the world along with crypto... watch this space.

[@taylorhickman84]

the struggles of making a living off art aren't exclusive to the digital realm, my bet is this will be a fad that fades in time.

[@mojomattx]

Great episode guys, awesome breakdown of what just happened. Sounds like you really found your tone with these new videos for the last year. Keep them coming ✌️

[@8thLife]

We really live in an incredible time for artists. So glad you decided to start a podcast. Your breakdowns are always so good.

[@IronArrow100]

Loving these NFT descriptions from you guys. great vid

[@sebastianacosta2426]

I'm a 100% on the "starting to get it " side. I mean you guys opened my mind and particular knowledge on this new WAY OF LIFE AND THINKING. Tank you have an amazing channel.

[@danjackson668]

Great video guys! I love the concept of people being able to potentially invest in the creators work and have the potential to share in the growth gain over time... I have always been interested in the KZbin space as a potential revenue stream but would not necessarily want to be in the videos myself or involved in content structure. This could be a great way to allow creators to benefit from investment in their businesses without being tied to someone who would feel the need to control the content direction. Would love another deeper dive into this space in the near future!

[@isvarinaidoo2169]

This channel is equivalent to getting a digital transformation degree. Absolutely amazing to watch and learn from both of you!

[@istrendynow-thebiggestdigi935]

Thanks for sharing this is simply amazing

[@bzelle1]

I peeped that Seek Discomfort merch immediately. Love seeing fellow KZbinrs supporting each other.

[@SunniDae333]

Great video, thank you for this!

[@patrickdang]

Great vid! love how you guys make NFTs simple and easy to unerstand

[@REVIEWSONTHERUN]

Very interesting! Nice video ✌️

[@xTerik]

Very insightful guys!

[@OpenSurprise]

I started my channel as a hobby in 2019. Hope to take it full time one day, your tips and insight for content creators is extremely helpful!

[@benjaminjackson7520]

Hey i love these videos so much! But I do miss the 5-12 min breakdown episodes, will those return?

[@officialsebvon]

love that jumper colins wearing

[@anna.tnguyen]

I was a fan of Digital art recently, I love seeing the merge of tech and art together. I love seeing this transition we are seeing before our eyes. One day if I can afford, I'd love to buy an NFT

[@alexmccartney8827]

You can buy NFT's for $1 or less

[@bulelanibotman]

this video is so high quality & very informative. i love this time of content

[@lizaw1]

Getting more grasp on this topic, thanks to you guys. I think it would be cool to invest into an NFT but not sure what I would have an emotional connection to...

[@aeforiadesign]

Great video guys!! As a NFT artist myself, it was great to watch this, great points brought up

[@Joeherman]

Great Video guys!

[@kaizenTechVideos]

Colin & Samir, we want more episodes per week please

[@jasonburds]

Really appreciate you guys providing great insight on what NFTs are. I'm about it. I don't see why the market for NFTs wouldn't continue to grow.

[@maksxperia02]

Great channel guys!

[@GoapprStudios]

Beeple & Colen and Samir Keep creating your changing the world.

[@ianblake6323]

Crypto currency investment is here to stay especially the asset bitcoin if you can’t see that at this point its time you learnt more about it

[@declanpeyton5005]

Accurately spoken, this is the best thing I’ve heard in a while. You’ve got my point

[@declanpeyton5005]

You have to understand that crypto trading is not magic, the best way to make lucrative trades is to work with a pro

[@jeffreywalter8082]

You’re right man. Though I learnt that the hard way

[@jeffreywalter8082]

I lost over $15000 when I started trading before I finally heeded to advice and contacted an expert trades for me now

[@ryangavin8790]

Something similar happened to me but I didn’t lose money. I traded with nothing to show for it until I contacted a pro who trades for me and returns profits

[@nolwazimpofu7626]

Love the seek discomfort hoodie Colin

[@atikinvokamre3356]

The best explanation of what Beeple was doing is in the Corridor Crew's video "CGI Artist makes masterpiece every day"

[@user-fn1zm9tk1o]

Loved the end haha

[@creativebobbie]

Thank you for breaking down this fascinating time we are living in. I'm still trying to wrap my head around it. Definitely not at a place of speculating on art. However, it is interesting how the this NFT thing requires people to reevaluate EVERYTHING (like the diamonds example).

[@ritabatalha3915]

Awesome content 👏🏾

[@strawberrycassette]

I'll go check out your other video too with Logan, because maybe you talk about this over there, but I'd really love to hear a lot more about why there's such an outcry for creators to NOT sell NFTs, specifically I'm thinking of Jacob Collier who cancelled the sale of his NFT because of a huge outcry from his fans regarding the environmental impact do to the mining. That seems like a huge part of the conversation that isn't addressed enough

[@josephhettrel]

Love the hat Colin! What brand?

[@CoachMegerFitnessGames]

Oh, the possibilities... you guys rock.

[@ToucanTorte]

I am loving this podcast

[@LoganCox15]

love the insight

[@Mr_RandomCommenter]

Ooooh Quite fascinating that content creation is now being recognized by the audience themselves, this will change how the artform is valued, now everyone matters. Let's see how many new investors will go join in and be successful in 10 years.

[@jemarsbar]

This channel is under rated. Also he was a guest in corridor a yt channel specializing in film effects

[@s.craigzahler8670]

Thanks for lucidly, playfully, and intelligently discussing this bizarre art phenomenon. Well done.

[@tonycappa23]

Your idea about a limited token that would supply content similar to patreon is actually stellar. Would not be surprised to see that implemented. Bravo

[@SaiGanesh]

I thought I might as well create the very first Mr Beast NFT ... At this point you can do anything in the NFT space

[@MrJoelDavies]

these guys have the conversations I wish I could have with my friends

[@jorper98]

Love the explanation and conversation. Thank you! Agree that world changed. One thing you did not go into is fees and gas fees maybe a future one...

[@booptidyscoop7790]

I do get a "Supreme" vibe from these ...

[@gratitudemodestyhonesty]

Colin loooooww key has a Bill Gates vibe

[@mountainslopes]

On diamonds: I actually believe there are several qualities that contribute to inherent value, such as beauty (not socialized, but true simple beauty), scarcity, and of course demand. If you see others interested, it reinforces it. So part of it is socialized (20th century ads starting the idea of a diamond engagement ring) but most of it is inherent. Like gold.

[@annmanuel4727]

It's amazing how art NFTs are increasing in number rn. I read on Twitter about this new marketplace called NFT Tech. They offer free minting fees. They also offer better prices unlike other platforms.

[@attarmann]

I feel The same way about this channel. I’ve been watching since the beginning. And I like that!

[@Steinerchen2]

Rocking that Seek Discomfort Merch!

[@iemcristiang.2580]

Awesome, l like your videos guys! God bless you

[@TylerUng]

Great podcast!

[@brobertsproduction]

huge bill vibe @colin

[@orendrinks_3991]

Guys you are genius!! love the content

[@borisblok]

Great video btw guys

[@AntonWongVideo]

I remember seeing Mike in the Corridor Crew 45min render challenge! man swears every other second! I would say his style is like a surrealist 3D caricature/social-Political cartoon From watching his streams it seems like he's got an asset library that would make Turbosquid blush and a super janky cooling system for his PC which allows him to make renders so fast. 19:50 I would argue that it's not new and visual artists have been using IG, Flickr, Behance, and even blogs to gain exposure for a while. NFTs made people pay attention. I DO agree that the term "creator economy" will expand to be thought of anyone who makes creative things nice vid, guys!

[@FixItOnTheWay]

Great vid. It helped me to understand NFT's and the internet better. Which in turn made me realize how little I know about the internet...or life. I wonder if Beeple feels smarter now...or is he just more confused than ever. As he counts all his money.

[@CameronDoughertyTech]

The thought of brands competing with audiences is a mind bender. Brands pay to get access to the audience, the audience buys the brand’s products, which funds additional ad spending. Now a brand has to compete to essentially remain a middle man - outbidding the audience for the access to the audience’s purchases rather than the audience supporting the creator directly. Whew.

[@kshypcantdance]

colin repping seek discomfort ayyyyyyy

[@Artcrafter.]

Your videos are almost like scripted podcasts, love it! Keep up the good work 🙂

[@bedlegs]

Hey I love the Seek Discomfort hoodie :)

[@zFLAVEz]

I understand that you guys are mainly interested in how this will effect creators but its worth mentioning the environmental impacts behind NFTs as well, since this effects everyone. Would've been nice to at least acknowledge it. Maybe in a future video.

[@TalRick8]

Very good content gents . . .

[@jobhatti]

Great episode guys, keep it up! :')

[@arjunbhosale9967]

Ppl u r gonna be the nxt best 'valued' podcasters, Mark my words

[@wisdommudasiru]

Consistency increases perceived value!

[@Myhappyplace65]

I am 55 years old. I was just born :) today . right now actually. This is mind blowing. I have a headache. Its Fascinating! Liked and subscribed. Thank you for what you do.

[@hdee5615]

Never painted in my life, got into painting and digital art 8 months ago... boy was it the right move!!

[@katarinamarinkovic8661]

NFTs as a trend is so what you would expect from the internet culture we are all apart of, but I have to wonder will it just be a trend with an expiration date or will it become a staple of this culture? Great video as always guys, I really look for forward to each Monday to see what you will bring!

[@taylorhickman84]

I kinda hope it's a trend that fades, NFTs have a very real environmental impact.

[@Zartz14]

I fr enjoyed watching this video been a fan of beeple for a long time and damn

[@ani_is_taken]

im geting this

[@ujawald941]

NFT is the future of art. Make more videos about this, I am excited ❤️❤️

[@hassassa797]

Plz do these on the podcast channel

[@asru7777]

At least artist can make millions before they die 👍

[@KentHeckel]

I love this ish

[@Hiddenleaf58]

Big Bill energy from Colin

[@swx6074]

Just subbed to this channel, but holy shit, your teeth game is next level

[@marshaljames2766]

I don't know who, but someone actually needs to hear this, you've got to stop saving all your money. Venture into investing some, if you really want financial stability

[@hendrixscott2951]

Beautifully said, I tell my folks these words everyday. It's good to save money but most people don't understand the market moves and tend to be misled in facts like this and always depend on money in the bank.

[@yusufelizaveta195]

I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do because i have no idea of how and where to invest in these?

[@nelsonjeannette4169]

Hey, this is a computer age. Peeps who aren't even traders make money from the crypto and forex markets ,how many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.

[@yusufelizaveta195]

Very helpful, this is what I needed to hear today

[@jackhelen3383]

If you think you're too busy to trade or learn how to trade, just know I have some friends who invest in a platform where experts devote their time and help them trade and generate a good ROI

[@danbidaho]

You know you like these guys when you don’t skip the ads just because you want these guys to make a little more money

[@MarcanthonyHarrison]

Social currency! Not going to lie, sounds great! You guys are usually on the forefront of new shit

[@moonman2629]

Samir and Colin bouta have thier own NFTs out in a week

[@zachklm]

So good!

[@mamercier10]

1) Starting to get it, but only slightly. 2) Right now, 0$, that's the highest I can give without fear of losing. If I had a absurd amounts of money, I would value your bts editing process at around 3-5 k $

[@Oremoose]

The interesting thing with NFTs and the ownership aspect of them. Is that when it comes to art Museums and the certificate of Ownership is important and in some cases is the only thing of real value, especially when it comes to art pieces that are meant to decay and have parts replaced. NFTs allow art museums to have that certificate of ownership for art pieces made for being consumed Digitally. Art is made with the experience of the viewer in mind (most of the time). And some are is made to only be experienced in the digital space. NFTs, give Museums the ability to invest in those types of art better than before.

[@domcallori]

The project file having value to someone is very interesting...

[@johnjumawid]

I'm starting to get it. :)

[@flipvandevoort]

I'd buy a Colin and Samir NFT if it give me some perks or special access

[@bottomlessinkwell]

Forgive me if this question has already been asked but I wonder, as an artist and oil painter who has had his analog images converted digitally, can those digital images of analog art be applied the same way ? I ask because I have a couple paintings in particular that I always thought were worth $1 million but could never connect with the right buyers. Anyone have any advice?

[@adamwintle1002]

New new sounds like the movie “Nerve”