A JPG by the artist Beeple sold for $69.3 million in a Christie’s auction, a sign of the mania for “NFTs.” (We’ll tell you what that means.)

Thursday, March 11, 2021 10:49 AM EST

The price was a new high for an artwork that exists only digitally.

Billed by Christie’s as “a unique work in the history of digital art,” “Everydays — The First 5000 Days,” is a collage of all the images that Beeple has been posting online each day since 2007.

It was was made, or “minted,” as a “nonfungible token,” or NFT. A secure network of computer systems that records the sale on a digital ledger, known as a blockchain, gives buyers proof of authenticity and ownership.
The New York Times
Me: More money than sense. If someone can afford to pay $69.3 million in a Christie’s auction, there are the super rich and the rest of us who are struggling to make ends meet. Not fair, but then, when has life ever been fair for most of us?