I think today is a turning point for the NFT world. Nine CryptoPunks are hitting the auction block at Christies's - the world's most well-respected auction house for fine art. Two months ago, Beeple made a landmark NFT sale through Christie's selling a single piece of NFT art titled “Everydays — The First 5000 Days” for $69M.
News of this sale spread quickly all over the world and I think for many people, this put NFTs on the map. But today's auction is different and in some ways more special, at least IMHO, and here's why.
The NFT art that Beeple sold at Christie's two months ago looks a lot like traditional art people buy at art auctions. Of course it's incredibly unique and special, so I'm not saying this to downplay the work - but it looks like the kind of artwork someone would have framed in their home or in a museum. Just so we're on the same page, here's “Everydays — The First 5000 Days”
Sure, it doesn't look like a Monet or a Picasso, but it looks like the kind of artistic collage that we've seen in museums or at an art collector's home.
Today's NFT auction is different, very different.
CryptoPunks don't look anything like the traditional art people are used to seeing. In fact, they look like the opposite of what most consider art. I've introduced plenty of family and friends to CryptoPunks and they all have a same reaction - "wait?!? That is valuable NFT art? It looks like my kid drew it?!?"
The world is adapting to the NFT world and what makes a project like CryptoPunks special. Today these seemingly simple pieces of pixel art move from what people are calling a bubble, a scam, a fad, and become a part of the art world. Here's a look at the nine CryptoPunks that are hitting the auction block tonight:
Okay, it's starting so I'm going to stop writing and start watching! You can watch the auction live with me on You Tube here:
I will be doing a follow-up post about the sale once it's over so if you miss the auction, don't worry, I'll get you caught up on all the action!