Expert Analyst & Reviewer
Updated on: Feb 14, 2022
The first 5000 days is one of the most expensive NFTs out there. Imagine doing something every day for 5000 days and documenting everything, whether you like it or not, you’ll get good at it.
This piece of art is amazing as you can clearly see the progression of an artist.
| ARTIST | Beeple |
|---|---|
| PRICE | $69 Million |
| STYLE | Image Collage |
| MARKETPLACE | Christie's |
The First 5000 Days NFT was created by an artist known as “Beeple”. Mike Winkelmann or as we know him, Beeple, has documented his journey with 5000 images. Each day he would draw something and document it, and he repeated this process for 5000 days.
He combined those images into one big collage NFT, would you be surprised if we told you it’s 21,069 x 21,069 pixels large?
On these images, you can find a variety of things and styles. He painted some by hand and did others with computer generation. Some images are portraits, some are landscapes, while others are pretty futuristic.
Even though the opening bid was just $100, the winning one was an incredible $69.3 million. This is one of the most expensive art pieces by a living author, not just within NFT space, but in general.
Some of the art pieces are controversial and weird. For example, take a look at this image of cyborg Hillary Clinton feeding a baby Donald Trump. Beeple often sends a hidden message through his art.
Wanna hear the best thing? Beeple never stopped creating “everydays”. Thirteen years spent creating this masterpiece and still counting. At the moment of writing this, he is at 5375 consecutive days and you can find every piece through his everyday archives.
All images are in “rounds” as he calls it. Each round is devoted to a specific category with most being “Cinema 4D”, but there are also “Drawing” and “Photography” categories. You can clearly see his progression from “Round 1” to “Round 10”.
Mike Winkelmann was born in 1981 and lives in Wisconsin. The most interesting thing about him is that he doesn’t have an art background, nor does his parents. Still, that didn’t stop him from selling his art for millions.
Beeple actually has a major in computer science, but he describes programming as “boring as sh*t”. Eventually, he became an artist, first with his webcam, but later with animations and drawings as well. His most popular early work involves looping animations that were popular at house parties and other events.
Would it surprise you to hear he ended up making light projections for the 2020 Super Bowl halftime show? Pretty artistic for someone with an IT degree, isn’t it?
The First 5000 Days were purchased by MetaKovan who is well known in the crypto community. MetaKovan or Vignesh Sundaresan which is his real name was in all the newspaper headlines when he bought this NFT for an incredible amount of over $69 million.
Vignesh is a CEO at Singapore consulting firm Portkey Technologies, and he is also a co-founder of Bitaccess, the ATM provider for bitcoin. He and another person we know under the pseudonym “Twobadour” run an NFT project known as “Metapurse” together.
You probably think Vignesh suggests everyone buy or flip NFTs. However, he thinks in the future there won’t be much hype, and just a few very expensive items will remain. Beeple thinks the same as he likes to compare the current NFT popularity with the dot com bubble in the 90s.
When we think about it, they are most likely right. We’ve seen a bunch of low-quality projects with zero utility making millions just because of the hype. Once the hype is gone, the owners and people who sold will make money, while holders will be left with zero value NFTs.
However, that’s not the case with every NFT project. There are some super cool projects with plenty of utility that will most likely survive the “burst of the NFT bubble”.
When will the bubble pop? We don’t know yet, but it seems not anytime soon.
The First 5000 Days is the first fully digital NFT sold on Christie’s. In case you don’t know what’s Christie’s, it’s one of the largest auctions and it dates back to 1766. The bidding started at just $100 but ended up at $69.3 million.
Usually, most NFTs sell on special marketplaces such as OpenSea, Nifty Gateway, SuperRare, etc. However, this wasn’t the case for The First 5000 Days as Beeple decided to sell it on Christie’s.
At first, we thought his art achieved that price because physical auctions often manage to sell art pieces for even a higher amount. However, that theory is wrong because the most expensive NFT “The Merge by Pak” is on Nifty Gateway. As you may know, Nifty Gateway is a fully digital, NFT auction website.
The exact reason why he chose Christie’s is unknown.
No, at this moment there isn’t any real utility behind The First 5000 Days NFT. Well, it actually depends on what do you consider “utility”. If you think of utility as a “key” to something, then “The First 5000 Days” doesn’t have it. The First 5000 Days NFT is pure art, a combination of art pieces to be precise.
Considering Beeple has a degree in Computer Science, he might surprise us with some real utility cases. Who knows, the holders might have some benefits in the future. If you are looking for some projects with good utility, take a look at our best NFT utility ranking.
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