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Beeple on How and Why He Raked In $3.5 Million

Beeple on How and Why He Raked In $3.5 Million

Mike Winkelmann, the digital artist also known as Beeple who has made an artwork every day for over 13 years, talks about the NFT auctions he held last weekend, after learning about crypto two months ago. In the show, he discusses:

  • how he got into crypto two months ago, and made $3.5 million in NFT auctions last weekend
  • how the objects on sale were more than just jpegs and what physical objects came with the NFTs
  • what types of auctions he had, and why some pieces were available for $1 apiece
  • how he previously made money as a digital artist
  • how he believes digital artists will be able to make money in the future
  • why people would pay to own an NFT if they can just get a digital file of the art
  • why he incorporated physical objects into his sale
  • whether or not this model would work for artists with smaller followings than he has, with his 1.7 million Instagram followers
  • what his relationship was with the collector who paid $777,777 for the final piece sold in the auction
  • why he chose Nifty Gateway among all the NFT sites
  • how NFTs could also change business models for other types of creators besides visual artists

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Episode links:

Mike Winkelmann:

Video for auction:

Instagram video showing the digital art displays:

Coverage of auctions:

Rapper Lil Yachty’s NFT sale:

Link to the Crypto News Recap:

What do you think?


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