Digital artworks sells for $100million

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A digital artwork has sold for nearly NZ$100 million at Christie’s Auction house.

The digital artwork becomes the first ever sale by a major auction house of a piece of art that does not exist in physical form.

The piece of art is called ‘Everydays – The First 5000 Days’.

It was created by American artist Mike Winkelmann, known as Beeple. It is a collage of 5000 individual images, which were made one-per-day over more than thirteen years.

The sale of the work puts Beeple in the top three most valuable living artists.

The work is in the form of a new type of digital asset – a Non-Fungible Token (NFT) – meaning it is authenticated by blockchain, which certifies its originality and ownership.

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