This NFT Painting Is a Work of Art - Issue 104: Harmony

On March 11, 2021, the auction house Christie's sold a work by an American graphic designer, Michael Winkelmann, a.k.a. Beeple, for a colossal $69 million, making it the third most expensive work ever sold by a living artist. The work, Everydays: The First 5000 Days, is a nonfungible token, or NFT. It's a computer file that cannot be exchanged, copied, or destroyed, which gives the purchaser proof of authenticity. It lives online in a virtual space--an immaterial space--in a blockchain, a secure digital public ledger.