Tokenized Ownership of Beeple Art Trades at a Premium

2021-3-12 00:54

Following the iconic $70 million auction of Beeple’s digital artwork today, a crypto token representing partial ownership of the auctioned collection surged by 89% in less than 30 minutes. 

Metapurse Acquired 20 Pieces

A piece of digital art called “Everydays: The First 5,000 Days” was auctioned for $69.34 million at Christie’s this morning. The NFT token represents the ownership of a collage created by digital artist Mike Winkelmann (aka “Beeple”) over 5000 days.

Metapurse acquired 20 pieces from the collection made on Jan. 1 each year. Later, the firm issued a combined token, B20, representing joint ownership of the collection, including the digital museum that houses the collection. Metapurse said that it is “fractionalizing ownership, not the assets themselves.”

The firm spent $2.2 million on Beeple’s auction and $1.3 million on the design of the virtual museum, for a total of $3.5 million.

Price of B20 Token Has Surged

There are 10 million B20 tokens in circulation. Metapurse retained 59% of the ownership and transferred 2% to Beeple. The firm sold 1.6 million B20 tokens for a total amount of $576,000 in a public sale. The remaining 23% was allocated to partners of Metapurse.

The price of the B20 token rose by 89% in a flash surge this morning thanks to a whopping $70 million valuation during the Christie’s sale. B20 surged from $14.60 to $27.70 around 10 am EST.

B20 token price chart. Source: CoinGecko

Prices quickly fell, however, as owners booked profit. The B20 token was worth about $19.58 at 2:00 pm PST.

The total market capitalization of the token is now over $190 million, more than twice the amount that the entire set sold for.

Disclosure: The author held Bitcoin at the time of press. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Crowdvilla Ownership (CRV) на Currencies.ru

$ 0.0008136 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0008136 - H: $0.0008136
Капитализация $0 Rank 99999
Доступно / Всего 0 CRV

trades premium art beeple ownership tokenized

trades premium → Результатов: 23


Фото:

Bitcoin’s Price Spread on the CME is “Super Bullish” and Foretells Major Upside

Bitcoin has seen mixed price action in recent times, struggling to surmount $10,000 despite gaining a solid foothold within the $9,000 region Analysts are now noting that the cryptocurrency appears to be at a turning point as it trades directly between two CME gaps One analyst is also pointing to the massive BTC premium seen on the CME as a reason why the crypto is highly bullish Bitcoin saw some turbulent trading yesterday when sellers […]

2020-6-2 02:00


Institutions Are Here: CME Bitcoin Futures Trade Record $1.3 Billion

The Grayscale Bitcoin Investment Trust (GBTC) was trading with an implied Bitcoin price of over $10,000 May 14 as investor interest peaked. GBTC At 30% Bitcoin Price Premium GBTC, which has made 24-hour gains of almost 20 percent, currently trades on the basis of a single bitcoin costing around $10,200 – a full $2300, or almost 30 percent, above average market rates.

2019-5-14 16:00


Coincooper ICO

Coincooper is a platform that will bring crypto currencies and blockchain assets to the masses through a beautifully designed user interface and easy to understand trading technology. Coincooper is introducing a functional token,CCX, which will be used to help facilitate simple and more successful trades through user friendly tools.

2018-7-11 15:25