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Beeple Chose Fiat Over Profits in ETH, And Probably Have Cost Him Millions

In March, the digital artist known as Beeple made headlines around the world. Beeple’s artwork sold for $69 million at an auction at Christies’ prestigious art auction house. Presented by MetaKovan, ‘EVERYDAYS – The FIRST 500 surprised the art world, and NFT art enthusiasts started a new era. Beeple chose fiat for his work instead of profit in ETH. The opinion cost him millions.

There are many reasons why Beeple chose the fiat currency. As of October 2020, the most Beeple received for one of its digital prints was $100. This is why most people do the same thing if they are in the same situation.

In an interview with The New Yorker, Beeple explains why he chose Fiat:” I am not a remotely a crypto- purist. I made digital art long before any of this, and if all this NFT products goes away the day after, I will continue to make digital art.”

While Beeple has had a good year, this does not mean that he has had a chance of success. The EVERYDAYS project is now in its fourteenth year, meaning that Beeple has been producing a work of art for more than 5,000 consecutive days. Hardly overnight success.

About Tiffany Ellis

She is a smiley curious writer from the USA. She loves Cryptocurrencies, Arts an also NFTs.

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