Looking Outwards – 11

I looked into copyrights and the sale of the graphic artist Beeple’s artwork called “Everydays: The First 5000 Days” for $69.3 million in 2011. This kind of digital artwork is considered a non-fungible token. This means the ownership of a digital artwork can change, but the copyright still remains with the artist. Its record sales figure comes from the push for the NFTs to gain traction and become more commodifiable. It signifies a change in the art market and shows that more NFT can be bought and sold. The concept of NFTs evolved from the buying and selling of central art, digital artwork and video works, in the art world. Digital artists now can sell their artwork with more certainty that it will not cause legal issues.

https://www.washingtonpost.com/entertainment/museums/beeple-digital-artwork-sale-perspective/2021/03/15/6afc1540-8369-11eb-81db-b02f0398f49a_story.html

Graphic designer Beeple’s artwork “Everydays: The First 5000 Days”

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