An investor stumbles upon an NFT work with the expectation of x2 profit after two years. However, just three months later, this NFT has brought in profits of up to 30,000%.
Edward Fairchild “happened” to buy an NFT from famous digital artist Beeple in December 2020. Since then, the value of this NFT has increased by 30,000% – a huge amount of profit that few coins have brought.
Fairchild claims to be a longtime fan of Beeple, but does not have any knowledge of NFT. This is not difficult to understand as Fairchild is not a member of the crypto community. And at the end of 2020, NFT has not had enough coverage to see NFT as it is nowadays.
“I don’t know what an NFT is and I have never heard of the Nifty Gateway. […] I really don’t understand anything about the NFT.
I also did not expect that spending $ 969 on a piece of art, within three months, would turn into an asset worth about $ 300,000. “
Fairchild bought the work The Infected Culture by Beeple for $ 969. And now the price of this NFT is up 300,000 USD.
Beeple is the artist with the most valuable NFT works. It is no exaggeration to say that Beeple alone has a huge market share in the current “piece of cake” NFT.
Most recently, works Everydays – The First 5000 Days sold for a record $ 69.3 million, making Beeple one of the three highest auctioned contemporary artists. This NFT has many interesting stories surrounding, such as:
– This is the NFT with the worst selling price.
– Is the first NFT work to be offered for sale at Christie’s famous auction house.
– And finally the conspiracy theories: The truth behind the 69.3 million USD “record NFT deal” – Turns out to be just to pump the token price.
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