Mike Winkelman (known by his online name Beeple) hit the crypto-art jackpot this month when he sold $582,000 worth of virtual art in just five minutes. By capitalizing on his millions of fans’ brief attention span, he accumulated over $2.2 million over five days — a record-breaking feat never before achieved by any crypto artist.
Beeple stumbled upon a way to monetize his creations and realized the opportunity of what digital currency can do. After learning of NFTs, Beeple then thought, “Holy shit! That’s a pretty decent chunk of change!” The Cashapp designer discovered that this is a lucrative way for artists to earn income from their creations. Digital currency like Bitcoin or Ethereum have taken the consumer technology world by storm.