'R.I.P. NFTs' - Beeple

TL;DR

• Last week a bunch of NFT art seized in the Three Arrows Capital (3AC) collapse went up for auction at Sotheby's - racking up $10M+ in sales!

• Which lead to the likes of Beeple and Punk6529 having some fun with it on Twitter.

Full Story

"I wasn't asleep, I was just resting my eyes" - Dads The ​NFT​ Space.

If you've been looking for signs of life in the NFT space, we've got one for you...

Last week a bunch of NFT art seized in the Three Arrows Capital (3AC) collapse went up for auction at Sotheby's - racking up $10M+ in sales!

A moment that probably would have passed most people by if it weren't for the reaction to Zachary Small's ​article​ on ARTnews.com, that featured the headline:

"Sotheby’s 3AC Bankruptcy Auction Nets $11 Million In What Might Be Final Hurrah for NFTs"

Which lead to the likes of Beeple and Punk6529 having some fun with it on Twitter:

🚨 please delete all remaining jpgs by 5pm EST today. 🚨

Thanks to everyone who played along with our silly little nothing!! We had some laughs, sold some monkey pictures. It’s been a hell of ride folks but this is clearly the end!!! 👋👋👋 pic.twitter.com/oPCZgDsnz0

— beeple (@beeple) June 16, 2023

yes Zachary, this is it.

one last buy of NFTs then we turn off the power switch to the blockchain down and go home forever. pic.twitter.com/nXpVqr5d0c

— 6529 (@punk6529) June 16, 2023

Our takeaway?

• Sh*t posting is alive and well in the NFT space.

• While most NFT projects are hot garbage and many will go to zero, the quality ones have real staying power.