On Thursday, a work of purely digital art shattered records at storied auction house Christie’s, selling for a historic $60.25 million ($69.3 million with buyer’s fees). It’s the highest price commanded by a JPEG file thus far—paid for, in true 2021 style, with the cryptocurrency ether.

The art was created a month ago by a graphic designer dubbed Beeple. Called “Everydays—The First 5000 Days,” the piece is a collage of every image Beeple has made, which is one per day since 2007. In February, it was minted into a nonfungible token (NFT) using relatively nascent technology that certifies the authenticity and ownership of a “token” through a digital ledger of all its past transactions—in other words, a blockchain, which many now recognize for also forming the backbone of cryptocurrency networks.

More in category

Southwest Airlines stock rallies after narrower-than-expected loss, raised April outlook
April 22, 2021MarketWatch
Southwest Airlines stock rallies after narrower-than-expected loss, raised April outlook
Bitcoin is being mainstreamed, says stock-market pro Bill Miller
April 20, 2021MarketWatch
Bitcoin is being mainstreamed, says stock-market pro Bill Miller
Opinion: Biden is thinking big on jobs. On the Pentagon, maybe he should think smaller.
April 21, 2021MarketWatch
Opinion: Biden is thinking big on jobs. On the Pentagon, maybe he should think smaller.
U.S. weekly jobless claims keep falling to new post-pandemic lows
April 22, 2021MarketWatch
U.S. weekly jobless claims keep falling to new post-pandemic lows
Goldman Sachs says S&P 500 returns may tumble as U.S. economic growth peaks. Buy these stocks.
April 22, 2021MarketWatch
Goldman Sachs says S&P 500 returns may tumble as U.S. economic growth peaks. Buy these stocks.
Alaska Air's stock climbs after narrower-than-expected loss, with cash flow turning positive in March
April 22, 2021MarketWatch
Alaska Air's stock climbs after narrower-than-expected loss, with cash flow turning positive in March
China says it’s administered 200 million COVID-19 vaccine doses so far
April 21, 2021MarketWatch
China says it’s administered 200 million COVID-19 vaccine doses so far
Opinion: The U.S. electric-power sector is halfway to zero carbon emissions
April 21, 2021MarketWatch
Opinion: The U.S. electric-power sector is halfway to zero carbon emissions
The ‘greening’ of the S&P 500: 7 charts for Earth Day
April 21, 2021MarketWatch
The ‘greening’ of the S&P 500: 7 charts for Earth Day
Tesla to report first-quarter earnings amid renewed concerns about its Autopilot
April 21, 2021MarketWatch
Tesla to report first-quarter earnings amid renewed concerns about its Autopilot
Ireland just surpassed China in confirmed COVID-19 deaths — how on Earth did that happen?
April 21, 2021MarketWatch
Ireland just surpassed China in confirmed COVID-19 deaths — how on Earth did that happen?
Bitcoin bears are stalking crypto prices — here’s how low they could go
April 21, 2021MarketWatch
Bitcoin bears are stalking crypto prices — here’s how low they could go
Biden pledges to cut U.S. greenhouse gases 50% by 2030 — with major implications for oil and gas sector
April 20, 2021MarketWatch
Biden pledges to cut U.S. greenhouse gases 50% by 2030 — with major implications for oil and gas sector
Tesla stock gets a price target boost ahead of earnings, as Mizuho analyst is upbeat on deliveries outlook
April 20, 2021MarketWatch
Tesla stock gets a price target boost ahead of earnings, as Mizuho analyst is upbeat on deliveries outlook
A long-held investing belief — that stocks always beat bonds over the long term — turns out to be untrue
April 16, 2021MarketWatch
A long-held investing belief — that stocks always beat bonds over the long term — turns out to be untrue
Ocugen Partner Reports Strong Phase 3 Results for Coronavirus Vaccine
April 22, 2021The Motley Fool
Ocugen Partner Reports Strong Phase 3 Results for Coronavirus Vaccine
2 Cathie Wood Picks That Can Become Bigger Winners Than Tesla
April 22, 2021The Motley Fool
2 Cathie Wood Picks That Can Become Bigger Winners Than Tesla
First-time unemployment claims fall to pandemic low of 547,000
April 22, 2021FOX Business
First-time unemployment claims fall to pandemic low of 547,000
Biden hits 100-day vaccine goal as case counts in Michigan, U.S. show signs of slowing
April 22, 2021CNBC
Biden hits 100-day vaccine goal as case counts in Michigan, U.S. show signs of slowing
More consumers have been looking to spend money at Black-owned businesses: ‘People are rallying around small business’
April 22, 2021MarketWatch
More consumers have been looking to spend money at Black-owned businesses: ‘People are rallying around small business’
Is now a good time to buy — or sell — a home? What Americans need to know.
April 21, 2021MarketWatch
Is now a good time to buy — or sell — a home? What Americans need to know.