NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    NFT Evening NFT Evening
    News

    Home » News » Beeple chose fiat over profits in ETH, and it may have cost him millions

    Beeple chose fiat over profits in ETH, and it may have cost him millions

    By James EllisOctober 25, 2021Updated:September 21, 20222 Mins Read

    In March, the digital artist known as Beeple made headlines across the world. In an auction at prestigious art auction house Christie’s, Beeple’s work sold for $69 million. Brought by MetaKovan,‘ EVERYDAYS – ‘THE FIRST 500 stunned the art world, and NFT art enthusiasts declared a new era. Christie’s named Beeple “Amongst the top three most valuable living artists”. One thing, however, raised a few eyebrows in the NFT community. Beeple chose fiat over profits in ETH for his work. This decision cost him millions.

    Beeple chose fiat as payment for his work, costing him millions. An image showing Beeple's NFT 'Everydays - The first 500'. A collection of digital images that Beeple designs everyday.
    Beeple chose Fiat over profits in ETH for payment of his NFT that sold for $69 million. It would be worth over $152 million now if he had chosen ETH instead. (Credit: Christie’s)

    There are many reasons why Beeple chose fiat currency. Until October 2020, the most Beeple had ever received for one of his digital prints was $100. For that reason alone, most people would do the same if they were in the same position.

    In an interview with The New Yorker, Beepled discusses why he chose Fiat, “I’m not remotely a crypto-purist. I was making digital art long before any of this, and if all this NFT stuff went away tomorrow, I would still be making digital art.”

    While Beeple has enjoyed a good year, that doesn’t mean that he has chanced upon success. The ‘EVERYDAYS’ project is now in its 14th year, meaning Beeple has produced a piece of art for over 5000 consecutive days. Hardly an overnight success. 

    The question remains. How much would Beeple have made if he chose ETH profits over fiat in payment for his artwork? Well, there is now a Twitter tracker that keeps the amount up to date. Significantly, if Beeple had chosen to stick with ETH over Fiat, he would have made a staggering $152 million.

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    BeepleCrypto Art
    Previous ArticleP-Pup Nation: Spreading Positivity in the NFT Collectible Scene
    Next Article WWF Germany to Launch First NFT Collection to Save Endangered Species
    James Ellis
    • Twitter

    James is an English teacher and freelance writer with a passion for NFTs, football, film and technology.

    More great NFT Evening content:

    Proof Collective’s Ex-COO Ryan Carson Accused of Unethical Dealings with Flux Fund Announcement

    February 6, 2023

    Rug Radio x Cory Van Lew PFPs are Minting Today!

    February 6, 2023

    NFT Market Makes a Comeback with $945 Million in January Sales

    February 6, 2023

    World of Women’s Artfest Starts Today With ‘Artfest Winter’

    February 6, 2023

    Alo Yoga Offers Free ‘Digital Twin’ NFTs for Aspen Collection Buyers

    February 6, 2023

    Are These NFT Twitter Accounts Liking Your Posts? It’s a scam!

    February 6, 2023

    NFTs Driving Change: How Rejell Is Advocating Climate Action With Its First NFT Drop

    February 5, 2023

    Logan Paul Hit With Lawsuit Over Alleged CryptoZoo Rug Pull

    February 4, 2023
    Latest NFT News

    Proof Collective’s Ex-COO Ryan Carson Accused of Unethical Dealings with Flux Fund Announcement

    February 6, 2023

    Rug Radio x Cory Van Lew PFPs are Minting Today!

    February 6, 2023

    NFT Market Makes a Comeback with $945 Million in January Sales

    February 6, 2023

    World of Women’s Artfest Starts Today With ‘Artfest Winter’

    February 6, 2023

    Alo Yoga Offers Free ‘Digital Twin’ NFTs for Aspen Collection Buyers

    February 6, 2023

    Takashi Murakami x Hublot Drop NFTs Linked To Physical Watches

    February 6, 2023

    Louis Vuitton x Yayoi Kusama To Drop 10,000 NFTs

    February 6, 2023

    Are These NFT Twitter Accounts Liking Your Posts? It’s a scam!

    February 6, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.