{"id":17782,"date":"2024-12-05T09:02:24","date_gmt":"2024-12-05T10:02:24","guid":{"rendered":"https:\/\/medexperts.pro\/?p=17782"},"modified":"2024-12-05T11:25:33","modified_gmt":"2024-12-05T11:25:33","slug":"the-nft-is-dead-long-live-the-nft-2","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=17782","title":{"rendered":"The NFT Is Dead. Long Live the NFT?"},"content":{"rendered":"
\n
\n

\u201cIt was a mania,\u201d said Noah Davis. \u201cBut manias are fun.\u201d<\/p>\n

Mr. Davis, the former head of digital art at Christie\u2019s in Manhattan, was recalling one of the wildest crazes ever.<\/p>\n

In his role, he helped facilitate the sale in 2021 of a work by Mike Winkelmann, better known as Beeple. Titled \u201cEverydays: The First 5000 Days,\u201d<\/a> the piece was a collage that was sold as a unique digital file, or \u201cnonfungible token<\/a>.\u201d<\/p>\n

An anonymous bidder bought it for $69.3 million<\/a>. And paid for it in Ether.<\/p>\n

Before the record-setting sale, Mr. Davis, 35, did not own a laptop, was not on social media, and did not know that the abbreviation ETH stood for a type of cryptocurrency. After the auction, he was fully on board.<\/p>\n

\u201cI became totally immersed in the space,\u201d he said.<\/p>\n

A lot of people, many of them young and male, got caught up in buying and selling apes from Bored Ape Yacht Club<\/a> or Pudgy Penguins<\/a>, to name two popular NFT collections featuring cartoonlike, computer-generated artworks. The digital collectibles, which traded for tens of thousands and in some cases millions of dollars through online marketplaces like OpenSea<\/a>, were heralded as the future of art and a new form of community.<\/p>\n<\/div>\n<\/div>\n

<\/div>\n
\n
\n

Collectors spent $230 million on NFTs of NBA video highlights<\/a>; one person bid $560,000 to win an NFT<\/a> of a New York Times reporter\u2019s column about<\/em> NFTs. The owners of a Bored Ape NFT used the image as their online avatars<\/a>, as if to signal their membership in an exclusive club. They received perks like tickets to ApeFest, an exclusive party in New York where entertainers like Chris Rock and the Strokes performed.<\/p>\n<\/div>\n<\/div>\n

\n
\n
\n
<\/div>
The artist Mike Winkelmann, known as Beeple, poses with Jimmy Fallon at a 2022 art exhibit in New York City.<\/span>Landon Nordeman for The New York Times<\/span><\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n
\n
\n
\n
<\/div>\n
\n
\n
\n

We are having trouble retrieving the article content.<\/p>\n

Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n

\n
\n

Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into<\/a>\u00a0your Times account, or\u00a0subscribe<\/a>\u00a0for all of The Times.<\/p>\n

\n<\/div>\n
\n
\n

Thank you for your patience while we verify access.<\/p>\n

Already a subscriber?\u00a0Log in<\/a>.<\/p>\n

Want all of The Times?\u00a0Subscribe<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cIt was a mania,\u201d said Noah Davis. \u201cBut manias are fun.\u201dMr. Davis, the former head of digital art at Christie\u2019s in Manhattan, was recalling one of the wildest crazes ever.In his role, he helped facilitate the sale in 2021 of a work by Mike Winkelmann, better known as Beeple. Titled \u201cEverydays: The First 5000 Days,\u201d the piece was a collage that was sold as a unique digital file, or \u201cnonfungible token.\u201dAn anonymous bidder bought it for $69.3 million. And paid for it in Ether.Before the record-setting sale, Mr. Davis, 35, did not own a laptop, was not on social media, and did not know that the abbreviation ETH stood for a type of cryptocurrency. After the auction, he was fully on board.\u201cI became totally immersed in the space,\u201d he said.A lot of people, many of them young and male, got caught up in buying and selling apes from Bored Ape Yacht Club or Pudgy Penguins, to name two popular NFT collections featuring cartoonlike, computer-generated artworks. The digital collectibles, which traded for tens of thousands and in some cases millions of dollars through online marketplaces like OpenSea, were heralded as the future of art and a new form of community.Collectors spent $230 million on NFTs of NBA video highlights; one person bid $560,000 to win an NFT of a New York Times reporter\u2019s column about NFTs. The owners of a Bored Ape NFT used the image as their online avatars, as if to signal their membership in an exclusive club. They received perks like tickets to ApeFest, an exclusive party in New York where entertainers like Chris Rock and the Strokes performed.The artist Mike Winkelmann, known as Beeple, poses with Jimmy Fallon at a 2022 art exhibit in New York City.Landon Nordeman for The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":17772,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-17782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17782"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17782\/revisions"}],"predecessor-version":[{"id":17784,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17782\/revisions\/17784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/17772"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}