this post was submitted on 17 Dec 2023
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Is there any way to confirm this? Or are there examples of artists who made a significant amount of money from NFTs? I understand its potential benefit for artists, but I mostly remember already-rich corporations (e.g. UFC) using them as another way to extract money from consumers.
Beeple made a lot
And, sadly, that has led to his posting a lot less content. But I can't say I blame him.
He was the first big one I remember. When it still had an air of legitimacy.
There are curated NFT auction sites where only selected artists are allowed to sell their work. And you can see for how much they sell their pieces. During the hype many sold items for thousands to tens of thousands or more. Also there is Beeple who rode the hype early from the start and he became a millionaire.