NFT art work sells for $69M – TechCrunch

Beeple’s $69 million NFT sale marks a potentially transformative moment for the art world – TechCrunch


The artist Beeple scores an enormous NFT sale, Twitter Areas are coming quickly and Seth Rogen’s weed startup launches within the U.S. That is your Each day Crunch for March 11, 2021.

The massive story: NFT art work sells for $69M

For the primary time, public sale home Christie bought a digital-only art work: “Everydays — The First 5000 Days,” a collage of a number of years of sketches from the artist Mike Winkelmann, who’s recognized on-line as Beeple.

Sure, it’s one other a kind of NFT (non-fungible token) gross sales you’ve been listening to a lot about for the previous few weeks. And this one got here with essentially the most eye-catching price ticket to date, with bids within the ultimate two hours escalating from $14 million to $69 million.

Whereas crypto and NFT fanatics seemingly drove a lot of that bidding, that is definitely going to make the artwork world sit up and take discover — not simply relating to promoting digital artwork, but additionally probably as a method to document and switch proof of possession for any artwork.

The tech giants

Twitter Spaces to launch publicly next month, may include Spaces-only tweets — The social community’s Clubhouse rival is working towards a public launch in April.

Facebook is bringing ads to shorter videos and Stories — Fb is increasing its monetization choices for video creators, which in all probability means extra advertisements for viewers.

Google paves way to monetize Pay users’ data in India — Google says it’ll roll out an replace to Google Pay subsequent week asking customers to decide on whether or not they want to share information with the corporate.

Startups, funding and enterprise capital

Seth Rogen and Evan Goldberg want to be your weed dealer — Seth Rogen and 4 friends-turned-co-founders have been constructing Houseplant for near 10 years, and its merchandise are actually accessible in america.

Epidemic Sound raises $450M at a $1.4B valuation to ‘soundtrack the internet’ — Epidemic’s audio market presently options round 32,000 music tracks and 60,000 sound results.

Indy-based High Alpha Capital launches new $110M fund — The agency focuses on B2B SaaS startups.

Recommendation and evaluation from Additional Crunch

Five takeaways from the Coursera IPO filing — The corporate continues to be unprofitable, regardless of the pandemic’s increase to its enterprise and buyer base.

Does your VC have an investment thesis or a hypothesis? — OpenVC has recognized six widespread patterns of how VCs articulate their theses and a few greatest practices in doing so.

Bessemer’s 2021 cloud report provides context for soaring software startup valuations — Development charges amongst cloud corporations ought to show extra sturdy than practically anybody anticipated.

(Additional Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Every little thing else

Everything you missed from TC Sessions: Justice — For those who didn’t have an opportunity to affix us final week, you possibly can nonetheless make amends for all of the conversations.

The 2021 Volkswagen ID. 4 ticks all the boxes, except one — The electrical crossover affords loads of vary at an reasonably priced worth.

Eye, robot — Our newest robotics roundup covers the surgical, meals supply and ocean mapping robots, in addition to the return of an lovely pal.

The Each day Crunch is TechCrunch’s roundup of our largest and most vital tales. For those who’d prefer to get this delivered to your inbox day by day at round 3pm Pacific, you possibly can subscribe here.



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