Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
There’s plenty to discuss in the crypto markets, but this week, nonfungible tokens have stolen the limelight… for multiple reasons.
Digital artist Mike Winkelmann, also known as Beeple, has made history after his latest piece — “Everydays: The First 5000 Days” — sold for a whopping $69.3 million following an auction at Christie’s.
Only two other living artists, Jeff Koons and David Hockney, have created more expensive works… and as you might expect, this is the priciest NFT ever sold.
It’s a pretty special one at that. “Everydays” consists of 5,000 unique images, produced every day for 13-and-a-half years. The collage shows Beeple’s evolution as an artist and his shift to becoming a political cartoonist.
Beeple isn’t the only one laughing all the way to the crypto exchange. A group of crypto investors known as “Burnt Banksy” has made a tidy profit after a daring stunt involving one of the graffiti artist’s creations.
They bought a real-life Banksy painting for $100,000 last month. “Morons” satirizes the art industry and depicts a bustling auction for a framed canvas, adorned with the words: “I can’t believe you morons buy this shit.”
Last week, they set the painting on fire during a Twitter livestream in Brooklyn… and turned it into an NFT instead. Now, it’s sold on the NFT marketplace OpenSea for 228 ETH… worth over $400,000 at the time of writing.
Other big sales this week included a former DC Comics artist who made $1.85 million in four days by selling Wonder Woman NFTs. But not everyone has a price. A…