NFT artwork auctioned off for an unbelievable $69.3 million

If you paid $69.3 million for a piece of art, you'd expect it to be an original that you could hang above your fireplace and gaze adoringly at, right? Thanks to the modern world's tendency to throw up unfathomable curveballs, you could now be wrong. Actually, that incredible sum of almost $70 million has just been spent on a 'non-fungible token' (NFT), which (in this case) is essentially a piece of digital art presented as a JPG file. Wow.

Auction house Christie's received over 180 bids for its first completely digital NFT, Beeple's Everydays – The First 5000 Days (below). with the majority of the bids dramatically pouring in during the final few seconds. Hearing this, you may feel immediately inspired to create your own using the best digital art software, but it's likely you're a bit lost as to what the heck is actually going on here. (To demystify the situation, we created this guide to NFTs, so be sure to check it out)

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Georgia Coggan

Georgia is lucky enough to be Creative Bloq's Editor. She has been working for Creative Bloq since 2018, starting out as a freelancer writing about all things branding, design, art, tech and creativity – as well as sniffing out genuinely good deals on creative technology. Since becoming Editor, she has been managing the site on a day-to-day basis, helping to shape the diverse content streams CB is known for and leading the team in their own creativity.