The NFT Artist Who Made $69 Million Overnight

In March 2021, digital artist Mike Winkelmann, known as Beeple, sold an NFT artwork titled "Everydays: The First 5000 Days" for $69 million at a Christie's auction. It was one of the first times a digital artwork had been valued on par with traditional fine art.

While Beeple became a multi-millionaire overnight, many investors who jumped into the NFT boom lost money as the market later collapsed, with some NFTs losing over 90% of their value. Beeple’s success showed the potential of NFTs, but also highlighted the market’s unpredictability.