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US News United States. 10-second video featuring Trump sold for $ 6.6 million

21:10  03 march  2021
21:10  03 march  2021 Source:   ouest-france.fr

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La vidéo montre des piétons passer devant une représentation géante de Donald Trump allongé. © Screenshot @niftygateway The video shows pedestrians walking past a giant depiction of Donald Trump lying down.

A ten-second clip shot by an American artist and recently resold illustrated the speculative bubble that constitutes the market for NFTs, original editions of digital content. These first copies are authenticated via the blockchain, before any sharing. Purchased for $ 66,000 in October 2020, the video sold for $ 6.6 million last week.

A ten-second video made by artist Beeple sold for $ 6.6 million (around 5.5 million euros) at the end of February, reports Reuters .

American art collector Pablo Rodriguez-Fraile acquired the work in October 2020 for $ 67,000 (just over € 55,000). The price of the clip is all the more astonishing since the video is viewable for free online.

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CROSSROAD

By @beeple

The # 1/1 from beeple's first NG drop has just resold on the secondary market for $ 6.6 million.

History has just been made.

Congrats to beeple and of course to @pablorfraile for the sale. pic.twitter.com/mTYG4VABSw

- Nifty Gateway (@niftygateway) February 25, 2021

The sequence bought and then sold by Pablo Rodriguez-Fraile is an NFT (Non-Fugible Token or "non-fongible token", in French ). The Floridian actually acquired the original digital version of the video showing pedestrians walking past a giant depiction of Donald Trump lying down. Authenticated by a process based on the blockchain , this edition of the clip is the first to have been uploaded.

A value that can be explained by the soaring price of bitcoin

This very special digital copy of Beeple's minifilm ended up trading at a very high price because NFTs have become real assets exchanged on the market . Investors are speculating on the videos, the value of which also owes a lot to the soaring price of the bitcoin .

"It's an bubble," said NFT specialist Nate Hart. It's hard to predict when the top will be reached. "

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usr: 6
This is interesting!