{"id":39459,"date":"2021-03-24T10:11:36","date_gmt":"2021-03-24T08:11:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39459"},"modified":"2025-08-30T09:41:23","modified_gmt":"2025-08-30T06:41:23","slug":"beeple-cashes-out-profits-in-dollars-as-ethereum-volatility-spooks-the-artist","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/beeple-cashes-out-profits-in-dollars-as-ethereum-volatility-spooks-the-artist\/","title":{"rendered":"Beeple cashes out profits in dollars as Ethereum volatility spooks the artist"},"content":{"rendered":"

Digital artist Mike Winkelmann, known by the pseudonym Beeple, told The New Yorker<\/a> that he converted the record revenue from selling a non-fungible token (NFT) from Ethereum into US dollars.<\/p>\n

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“I’m not even close to a crypto evangelist. I was into digital art long before all this nonsense. If NFTs disappear tomorrow, I’ll continue doing this,” the artist said.<\/p>\n<\/blockquote>\n

The artwork ‘Everydays: The First 5000 Days’ was sold<\/a> for $69.3 million. After deducting auction-house fees and taxes Winkelmann received $53 million.<\/p>\n

The painting is a collage of thousands of the artist’s works published on the internet since 2007. The buyer was<\/a> Vignesh Sundaresan, who operated under the pseudonym Metakovan.<\/p>\n

At the end of February, Beeple’s NFT featuring Trump was resold for $6.6 million<\/a>. In December 2020 the artist earned $582,000 from ‘Crossroad’.<\/p>\n

In March Winkelmann sold the painting “OCEAN FRONT”<\/a> for $6 million. The proceeds will be donated to efforts to combat climate change.<\/p>\n

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What is NFT?<\/a><\/p>\n<\/blockquote>\n