Part 7/12:
A highlight is the landmark $69 million sale of digital artist Beeple’s artwork at Christie's auction house. This event underscores the mainstream appeal and financial magnitude NFTs can command, legitimizing digital art as a serious asset class. Prior to NFTs, artists often earned only a small fraction of the value of their work—typically 30 cents on the dollar, with gallery commissions and expenses eating into profits. NFTs change this dynamic by allowing artists to retain more control and receive royalties on secondary sales, fostering a more equitable creative economy.