Valuetainment - Beeple Explains His $69 Million Sale & The Future Of NFT’s

00:00:00.000 The NFTs is really just a proof of ownership.

00:00:02.560 Where can this thing go next?

00:00:03.920 It's something that I think is going to be around for quite a while.

00:00:06.960 We've barely scratched the surface.

00:00:08.720 Most people still have no clue what a Bitcoin is.

00:00:12.000 Well, kids hate corporations.

00:00:13.840 Do you see any regulatory or the government getting involved?

00:00:17.680 Like we saw with GameStop, those rules can change on a dime.

00:00:21.520 And it's like, oh, here's the new rules.

00:00:23.280 Don't like it? 1.00

00:00:24.400 Go fuck yourself. 1.00

00:00:25.280 So I want you to think about one day you wake up and you start working with these things called NFTs. 1.00

00:00:34.240 And you designed this one thing called NFT.

00:00:36.400 You name it, the everyday series NFT.

00:00:39.440 And you go into auction with it on February, I want to say, what is it, 26th?

00:00:45.440 You go on auction with it.

00:00:47.200 And a few days later on March 11th, this thing goes from $100, which was day one, February 26th.

00:00:54.720 The auction started at $100.

00:00:56.880 On March 11th, with exactly one hour and 18 minutes left, it's at 14.75 million dollars.

00:01:04.400 You're sitting there with your family, your kids, everybody in the living room.

00:01:08.000 And the auction ends at $69 million dollars.

00:01:14.640 Your name is Mike Winkleman, a.k.a. Beeple.

00:01:18.880 That is my guest today, Mike.

00:01:20.640 Thank you so much for joining us on Value Team.

00:01:22.800 Thank you so much for having me.

00:01:24.640 Super honored to talk.

00:01:25.760 And yeah, it has been a bit of a whirlwind.

00:01:29.440 Bit of a whirlwind.

00:01:31.040 But yeah, it's still processing.

00:01:34.720 But it's really exciting being able to talk to people about, you know, my work and this new technology.

00:01:40.160 Because I really feel like this, well, this might be the first time you've heard of NFTs.

00:01:44.400 I really do not think it will be the last.

00:01:46.400 Well, I want to get into that.

00:01:47.360 I definitely want to get into that so all of us can get more educated about.

00:01:50.480 But the day you were sitting at the house and you're watching this being done at $69 million.

00:01:55.200 Who in your family was in the room who said, Mike, you're wasting your time.

00:02:00.560 What the hell are you working on? 0.86

00:02:02.080 Who said, are you flipping kidding me? 0.78

00:02:04.480 Or did everybody kind of know you're up to something big?

00:02:06.640 Nobody.

00:02:07.760 Nobody.

00:02:07.920 So in the room, there was two camera crews.

00:02:13.920 I was on Clubhouse with a couple thousand people on Clubhouse.

00:02:17.280 So it was not super private.

00:02:20.560 But my entire family was on it in the room.

00:02:23.920 And they have been extremely, extremely supportive from day one of this project.

00:02:28.320 And day one of this project was May 1st, 2007.

00:02:32.640 So while I just sold this thing for $69 million, this is literally a project.

00:02:38.000 That one single picture was a project that took me 13 years to do.

00:02:43.440 It encapsulates the everyday's project, which is basically a picture that I do

00:02:48.240 every single day from start to finish that day and sort of posted online.

00:02:53.360 And that's something that I've done.

00:02:54.640 I did last night.

00:02:55.520 I'll do today.

00:02:56.480 And it's something that I've been doing for the last over 13 years.

00:02:59.280 So it's 5,000 days starting May.

00:03:03.280 What was it?

00:03:03.760 You said May 1st, 2007.

00:03:06.080 And then the last, the 5,000th day was January 7th, 2021.

00:03:12.080 And who knew that you were doing what?

00:03:13.920 Like, did the NFT community know that you're doing this every day that's coming up to 5,000?

00:03:18.000 Like, was it an event that people were behind it and they were looking forward to it?

00:03:21.360 Or was it a very exclusive small event that was following this?

00:03:24.560 No.

00:03:24.960 So that's one thing I think a lot of people,

00:03:26.800 because this is a lot of people's sort of first exposure to me.

00:03:29.840 And it's like, oh, people, you know, this is who is this guy, blah, blah, blah.

00:03:33.280 I've been doing this and was actually kind of one of the most popular designers in the world

00:03:38.160 before this.

00:03:38.800 Like I had almost 2 million followers on Instagram before I even knew of NFTs.

00:03:43.840 So I was a very, very popular designer before this.

00:03:47.040 And that's kind of why like many, like literally millions of people knew about this every day's project.

00:03:52.960 It's just in the traditional art world and sort of the mainstream media, you know, I was not very well known, obviously.

00:04:00.560 But yeah, it's definitely like I've worked on the last couple of Super Bowls, the like, you know, halftime show graphics.

00:04:05.520 I did a big collaboration with Louis Vuitton.

00:04:08.320 They use the everydays on the front of the clothes and stuff.

00:04:10.960 So, you know, this is a project that has, you know, many, many thousands, tens of thousands, millions of people like know about before this.

00:04:19.760 It's just, you know, the NFT thing is, you know, a new way to actually sell this stuff.

00:04:25.440 And so that's where you sort of saw this, this, you know, big explosion of money and sort of, you know, interest now.

00:04:32.320 Well, let me ask you this, because you sold Crossroads November 2020, which was just a few months ago for $66,000.

00:04:39.440 The buyer bought it and resold it on February 26th for $6.6 million.

00:04:45.500 So when you sold Crossroads on November 2020 for $66,000, did you in that moment when you sold it for $66,000 think that everydays could potentially sell for $69 million?

00:04:58.380 Or did you have a number in your mind?

00:04:59.760 No, not either.

00:05:00.680 I think it'll sell for half a million.

00:05:01.740 I think it'll sell for a million.

00:05:03.080 There's no way it's selling for $70 million.

00:05:05.200 No.

00:05:05.580 So what happened is, so again, I've been sort of a popular designer in the like digital art community for, you know, years, a decade.

00:05:14.140 And so growing a following there and sort of, you know, getting better and better sort of like client jobs.

00:05:20.540 And so last fall, a bunch of people kept hitting me up about this NFT thing.

00:05:25.260 And again, I'm very new to this too.

00:05:27.400 Like I only learned of this in like mid-October of last year.

00:05:31.200 So this isn't something I've been, you know, deep into crypto and all this stuff for years.

00:05:35.360 That is not me.

00:05:36.760 I was, you know, I've been around digital art for a very long time.

00:05:41.240 But I have not been around this stuff for a long time.

00:05:44.140 So people kept hitting me up, being like, oh, you got to look at these NFTs.

00:05:46.920 You got to like look at these NFTs or something here.

00:05:49.280 And so when I did, it was like, oh my God, like you're selling a video clip?

00:05:54.820 Like I didn't even think you could do that, much less people are paying like, you know, really good money for this stuff.

00:06:01.940 And again, I looked at sort of the people who were in the space already.

00:06:04.920 And it's like, okay, well, to be honest, I'm actually more popular than all these guys.

00:06:09.440 Like I'm probably going to do pretty good here.

00:06:11.560 And so the first sale that I did, there was a couple of pieces.

00:06:17.180 And yeah, the Crossroads piece sold for $66,000, which again, you know, I was a well-paid designer.

00:06:24.000 Not like, you know, no designer is paid that well for one clip that they spend, you know, a day or two on that they get $66,000.

00:06:30.840 So that seemed like a massive amount of money that it's like, okay, this is sort of like, if I do a few of these a year and each one takes two days, like, there's my year, like, that's pretty good money, you know?

00:06:42.900 And so it seemed like a huge amount of money at the time.

00:06:46.480 And then in December, I did another drop, another sort of collection.

00:06:50.740 And that one sold 3.5 million.

00:06:53.600 And that was just like, you know, broke all the like records.

00:06:58.820 Everybody's freaking out.

00:06:59.960 Oh, my God, this is crazy.

00:07:01.980 3.5 million just destroyed all the records in the space at the time.

00:07:07.300 And so even at the beginning of this year, like fast forward to the beginning of this year, it was like, well, you know, there was a lot of predictions.

00:07:15.640 Like, you know, an NFT is going to sell for a million dollars this year.

00:07:18.900 Like, that was like a big prediction in the space.

00:07:20.800 Like, somebody is going to finally break a million dollars for one NFT.

00:07:23.860 And so even at the beginning of the Christie's auction, it was like, I don't know, like, I sold one piece for like 700,000.

00:07:30.960 Like, I think this could sell for over a million.

00:07:33.800 So then from there, the expectations just kind of kept ramping up.

00:07:38.480 And like, you know, it just got completely crazy here.

00:07:42.860 And so that kind of that's how we are, like, you know, came to this moment and this massive, massive sale.

00:07:49.560 What's great about your story is the fact that you didn't expect this to be taking place.

00:07:53.580 That's the best part of artists and creatives.

00:07:56.240 By the way, I saw a stat the other day, you're the third most expensive living artist alive today.

00:08:03.260 Like, I mean, that is insane when you think about it, right?

00:08:05.980 69 million dollars.

00:08:07.200 And are you back at it?

00:08:08.740 Are you back at it again when you're doing another 5,000?

00:08:11.580 Are you working on another thing like that today?

00:08:13.820 Yeah, I mean, the Everydays Project, again, it's like it's something that started well before, you know, I knew of NFTs.

00:08:20.960 This was, you know, it was just like, okay, I want to get better at art.

00:08:24.660 And so it started as a way to get better at drawing.

00:08:28.520 And so I did a drawing every day for the first, you know, year.

00:08:32.600 I saw an illustrator out of the UK who did a sketch a day for like a year.

00:08:36.520 And it was like, oh, that's a really cool idea.

00:08:38.520 I could use that to get better.

00:08:41.340 And so that's why I started it, to get better.

00:08:43.620 And that's why I'm still doing it.

00:08:44.980 Because I still feel like there's a massive, massive amount of room for improvement.

00:08:48.820 And that's why I'll do it today.

00:08:50.820 That's why I'll do it tomorrow, next day, blah, blah, blah.

00:08:52.700 So to me, honestly, the Everydays Project is much bigger than this, like, NFT thing.

00:08:58.140 And it's something that right now I plan on doing for the rest of my life.

00:09:01.200 And so we're 13 years in here.

00:09:04.080 I'm 39.

00:09:05.220 I feel like hopefully, God willing, I've got a few more years to keep doing this.

00:09:09.920 So I really feel like we're not even, you know, sort of close to being done.

00:09:14.860 I'm very, very far from being done with this.

00:09:17.300 And yeah, it, sorry.

00:09:20.660 Do you know the buyer that bought a, like, do you know Meta Coven?

00:09:23.320 Like, have you guys met each other?

00:09:24.680 Have you guys spent time together or no?

00:09:26.540 No, no, we never met each other.

00:09:27.980 Because again, like, so all this stuff with like, you know, auctions and buyers and collectors

00:09:33.720 and blah, blah, blah.

00:09:34.540 That's not part of, that was not part of being a digital artist.

00:09:37.740 You did freelance work.

00:09:39.400 You sort of, a client came to you.

00:09:41.620 Here's the work.

00:09:42.460 Give me the money.

00:09:43.280 Here's the, on to the next thing.

00:09:44.700 Like, that's all there was.

00:09:45.840 There was no, like, because without NFTs, there was no way to really prove you own these

00:09:50.100 things.

00:09:50.780 And so, like, yeah, I'd never met him.

00:09:54.020 I talked to him on, like, Zoom before, just because he had bid actually on some of my earlier

00:09:59.420 stuff.

00:09:59.840 So I was like, okay, well, you know, he obviously seems like somebody who's interested in my work.

00:10:04.660 So I reached out to talk to him before the December sale.

00:10:07.320 And then he actually ended up buying a big chunk of that stuff in the December sale.

00:10:11.380 Yeah, apparently he bought 20 images for combined 2.2 million.

00:10:14.700 And then, which is, he later fractionalized.

00:10:17.580 Currently, those works have a market cap of 163 million.

00:10:20.900 Yeah.

00:10:21.200 So from 2.2 million to 163 million in a span of three months.

00:10:25.680 So he's not doing bad for himself.

00:10:27.880 And then.

00:10:28.280 That was actually a span of like a month and a half because he bought those.

00:10:31.420 And then it took him a little time to fractionalize.

00:10:33.660 So he didn't even do that until like, I think like January, like end of January.

00:10:38.560 And like him doing that too, like this whole thing is such a rabbit hole.

00:10:43.340 Like, so he bought those in December, bought all of them.

00:10:46.740 And he actually bought them in secret.

00:10:48.300 Like he kind of like created a bunch of like, like pseudo names.

00:10:52.220 And like throughout the, the course of the weekend when all the auctions, because it was

00:10:55.820 20 auctions.

00:10:56.720 And after a few auctions, people were like, I think this is like, I think somebody's buying

00:11:03.160 all these, like the same person's buying them because he named them after like Greek

00:11:07.820 Hills, the, like all these names.

00:11:10.020 And then he put like Ethereum into these different wallets and created all these different accounts

00:11:14.160 and like tricked everybody.

00:11:15.620 And so by the end it was like, Oh, I bought all of them.

00:11:18.440 And it was just, everybody was like, what?

00:11:20.600 Like, that's crazy or whatever.

00:11:22.080 Is Meta Coven a well-known person in the business world or no?

00:11:27.380 Quiet.

00:11:28.220 Not to me.

00:11:29.040 I don't, I don't think he's that well-known at all.

00:11:32.280 And so, yeah, he, he kind of, we jumped on a zoom call like a week or two after the thing.

00:11:38.780 And he's like, you know, this is what I'm going to do.

00:11:40.300 I'm going to like fractionalize it and like do that.

00:11:42.440 It's like, wait, what?

00:11:43.840 Like I was, I was honestly against it at first.

00:11:46.780 It was definitely like, okay, I don't, I don't really like that, dude.

00:11:50.520 I don't know about that.

00:11:51.800 Like, that's not really what I intended.

00:11:54.240 And I was kind of like, really like, I don't know, dude, this is like super weird.

00:11:59.000 Like, what are you doing?

00:12:00.800 And so I was, no, no, it'll be fine.

00:12:03.160 It'll be fine.

00:12:03.760 And it's like, okay, well, I mean, it's, you bought it.

00:12:07.140 Like for one, I can't stop you.

00:12:09.080 You seem to be really confident in this.

00:12:11.100 And like, it was sort of one of these things where it's like, I'm not just not going to explain

00:12:15.900 it to any of my fans because it's sort of like, they barely understand what NFTs are.

00:12:20.620 Now it's this crazy, weird fractionalization thing.

00:12:23.940 That's even more down the rabbit hole.

00:12:25.940 It's like, okay, dude, if you could do it and sell it to your other crypto friends, like

00:12:30.120 go for it.

00:12:30.960 But like, I'm not going to try and sell this thing again.

00:12:33.740 I already sold it once.

00:12:34.960 And so he's like, no, no, I'll handle everything.

00:12:37.180 It's all good.

00:12:37.680 And so it's like, okay.

00:12:39.420 And so he like gave me like 2% of the shares.

00:12:41.560 And I was like, okay, cool.

00:12:43.640 And sort of then fractalized it.

00:12:45.580 And, you know, and it sold out immediately, but it didn't go way up right at first.

00:12:50.960 And then slowly over when the Christie's thing's announced, then it popped up to like a hundred

00:12:54.540 million.

00:12:56.580 Just crazy.

00:12:57.780 So yeah, he's predicting that your, the everyday series is now worth a billion dollars.

00:13:03.740 That's what his prediction is.

00:13:05.220 Well, he's going to certainly try and make it worth a billion dollars.

00:13:07.860 And again, like that seems good for me too, if he can do that.

00:13:11.380 And that's one of the things that I think is super interesting about NFTs is it does allow

00:13:16.200 you to sort of fractionalize ownership like this really easily versus with a painting.

00:13:21.840 You can do that.

00:13:22.960 And there's masterworks and there are some other places where they have kind of fractionalized

00:13:26.660 ownerships of, okay, a Picasso or something like that, but they're very illiquid for one.

00:13:31.900 And there it's just much harder to set up and it's just not as sort of transparent versus

00:13:38.640 with the blockchain.

00:13:39.560 It's all very transparent and you can see he's actually sold none of those shares.

00:13:45.080 And so it just, it's much, much easier to do.

00:13:49.520 So I think this, this idea of fractionalized ownership over, you know, more expensive artwork,

00:13:54.920 that's something you're going to see and sort of a very new, interesting trend, you know,

00:14:00.320 way to buy art.

00:14:01.980 Now, now Mike, has your lifestyle tremendously changed after getting the 69 million dollars

00:14:06.620 or not really?

00:14:07.060 Well, it's only been four days.

00:14:08.460 I don't know.

00:14:08.780 What am I even going to do in four days?

00:14:10.620 I don't even know.

00:14:11.620 It's like, uh, we did, we did take, uh, this weekend, we took a private jet down to Miami,

00:14:19.580 Miami, um, which I'd never, I'd never even flown first class.

00:14:23.560 I'd never flown out of here.

00:14:25.140 I never, I'm telling you, I thought it was just kind of like, okay, it's just like, uh,

00:14:30.280 it always seems way too expensive. 0.97

00:14:32.500 And like, I was, you know, too much of an idiot to just put that in the contracts when people 0.92

00:14:36.960 were flying me places that it's kind of like, nah, I don't need it. 0.91

00:14:40.060 And it's sort of like, it honestly doesn't seem to appeal to me that much.

00:14:44.360 It's like, well, seats are a little bit bigger, whatever.

00:14:46.180 Um, but I will say the private jet was quite nice.

00:14:49.740 You go big difference.

00:14:54.220 Good for you.

00:14:55.240 You know, good for, again, there are stories where people want to see people win your stories,

00:14:59.380 that kind of a story.

00:15:00.040 So now that we know your story, let's get into NFTs.

00:15:03.660 Look, most people still have no clue what a Bitcoin is, what blockchain is.

00:15:08.560 Most people still have no idea.

00:15:09.960 So why don't you explain it in your words?

00:15:12.780 When you think about blockchain, then go to cryptocurrency, hypothetically, Bitcoin, Ethereum,

00:15:17.960 whatever it is, explain that then go to NFT.

00:15:20.460 So give me a series of educating each, then leading into NFTs.

00:15:24.460 Sure.

00:15:24.780 So the blockchain is basically just a series of sort of like, look at it like a big spreadsheet

00:15:29.700 where everybody can like add rows to it.

00:15:32.680 And everybody agrees on this spreadsheet.

00:15:34.340 So everybody kind of agrees, okay, this is what's happened.

00:15:36.940 These are all the transactions, and this is what's happened.

00:15:40.980 So what that allows you to do is have something like a Bitcoin, and you can't just copy and

00:15:45.940 paste it because everybody else will be like, no, no, no, no, no, no, you can't do that.

00:15:50.220 That's not part of the rules.

00:15:52.040 So with Bitcoin, again, you can't just, okay, I've got one, copy and paste.

00:15:56.540 Now I've got two.

00:15:57.620 Like, that's not how it works.

00:15:59.040 That's why Bitcoin actually has value.

00:16:01.640 And NFTs are very similar to that.

00:16:04.520 They exist on the blockchain.

00:16:05.880 It's another thing sort of written to the blockchain.

00:16:08.080 In this case, it's an Ethereum, which is a different blockchain than sort of Bitcoin.

00:16:13.280 There's multiple different blockchains, basically like multiple different sort of spreadsheets

00:16:18.240 that everybody's kind of agreeing on.

00:16:20.320 And with Ethereum, you can also sort of program in rules for how these sort of like, you know,

00:16:26.260 things on the blockchain work.

00:16:27.620 So you can put little programs on top of the like tokens and stuff.

00:16:31.680 So the NFTs is really just a proof of ownership.

00:16:34.980 It's really just proving you own this token on the blockchain.

00:16:38.960 And the token itself can kind of point to different things.

00:16:41.920 It's kind of say, okay, well, this token points to a picture.

00:16:44.960 This token points to a video.

00:16:46.780 This token points to a thing.

00:16:48.300 And just like with Bitcoin, you can prove you are the only person that owns it.

00:16:53.240 And you can't just copy and paste.

00:16:55.020 And okay, now I've got two of them.

00:16:56.380 So it is a very hard, it is a very sort of, you know, different sort of paradigm for what

00:17:03.940 we've been used to with digital.

00:17:05.480 Whereas with, you know, digital and the internet and computers, we're used to, you copy a file,

00:17:11.600 you copy another, here's another copy, here's another copy.

00:17:14.260 We can just make a million copies all day.

00:17:16.600 Nobody knows where the first one was.

00:17:18.820 They're all completely identical.

00:17:20.820 Who cares?

00:17:21.360 No, you can't own it.

00:17:23.000 You're just, it's just out there and you make another copy and da, da, da, da, da.

00:17:27.020 So it is a bit, you know, sort of hard to kind of wrap your head around.

00:17:31.940 And it is a different like sort of like paradigm shift.

00:17:34.360 But I think once people do, they'll realize that it's sort of, it's really similar to owning

00:17:41.080 a bunch of different things.

00:17:43.060 That there's different analogies for owning something virtual and sort of applying value

00:17:49.640 to that, that, that already exists.

00:17:51.740 So say like an MP3, you know, you can have a million copies of sort of, you know, Michael

00:17:58.340 Jackson's Thriller, but that's very different from the person who owns the master recording.

00:18:03.420 And so when you have a copy of it, nobody thinks, oh, okay, well, you own Thriller.

00:18:08.620 Like, of course you don't.

00:18:09.980 Like you don't own the master recording.

00:18:11.840 And so that's what it's kind of like with this.

00:18:13.740 Anybody can download a copy of my picture.

00:18:16.080 But that doesn't mean you own it because you don't own the token that says you own

00:18:21.340 the picture.

00:18:22.040 Well, then that's a follow-up.

00:18:22.940 So here's a follow-up question that comes on that.

00:18:24.860 So if you own the master of Michael Jackson or Beatles or whoever they are, which Elvis

00:18:29.780 Presti, those are pretty valuable, you know, masters to own.

00:18:33.040 If I play that song on a video, YouTube would flag it and bring it back and say, you have

00:18:38.780 to pay these guys X, Y, Z.

00:18:39.900 If I listen to the song, I have to pay $0.99 to iTunes or $1.29.

00:18:44.280 If I buy an album, I have to pay $30 or whatever it may be, right?

00:18:48.020 If you own Every Days and somebody else decides to use it, how do you monetize the master of

00:18:56.660 that NFT that you own?

00:18:58.440 It is a little different.

00:19:00.140 It's not exactly like that.

00:19:01.640 It's more just about sort of like owning like a painting.

00:19:04.400 It's more, in that case, it's sort of like there's a bunch of copies, but it's more like

00:19:09.000 owning a painting where it's sort of like, it's not as quite as easy to sort of directly

00:19:14.180 monetize like that because there is no way to stop people from like sharing this stuff.

00:19:18.820 So that's not a perfect analogy, but it's one analogy that kind of shows that a bunch

00:19:24.280 of people can own a copy, but then one person can own sort of the like, this is the person

00:19:29.080 who owns it.

00:19:30.040 Well, a bunch of copies still exist.

00:19:31.980 So let's talk about the painting.

00:19:33.520 So if it's a painting and I come to your house and I say, Mike, wow.

00:19:38.280 What is that painting?

00:19:39.680 You say it's a, you know, it's whatever you tell me.

00:19:42.700 I'm like, oh my gosh, when it was painted in 1973 before, et cetera, he was going through

00:19:48.260 a divorce and he died nine years later.

00:19:50.640 So essentially this is his last, whatever.

00:19:52.580 Okay.

00:19:53.300 Unbelievable.

00:19:53.800 What'd you pay for this?

00:19:54.580 70 million bucks.

00:19:55.780 Unbelievable, man.

00:19:56.520 Enjoy it.

00:19:57.500 But with this one here, I don't really have a place to put it on there, right?

00:20:01.220 Because I can, I can put every days as a digital on a 120 inch screen TV in my house and say,

00:20:08.140 look at what Mike built together.

00:20:09.780 This is beautiful, but I don't own it.

00:20:12.620 How, how was the element of art being appreciated for the work that you did during those 5,000

00:20:18.340 days?

00:20:19.280 Yep.

00:20:19.520 So I think it is, that is true.

00:20:21.640 And that's another part of ownership that is very different here because in the past,

00:20:26.040 a big piece of ownership was restricting access.

00:20:30.380 So in that case, you just talked about, you had to go into that guy's house.

00:20:34.220 He had to let you into his house to see this painting.

00:20:37.820 That's not what this is.

00:20:39.200 It's really just about proving ownership.

00:20:42.160 So that's another thing that's a little bit hard for people to wrap their heads around.

00:20:46.620 Because in the past, it's sort of like, if you want to own something online, the way you

00:20:50.480 showed that is you put it behind a paywall.

00:20:52.780 You said, no, you need to give me money first to see it.

00:20:55.780 That's not what this is.

00:20:57.260 It's really about kind of the opposite of that.

00:21:00.200 Actually, the more popular this painting, this picture gets, the more valuable will be.

00:21:06.680 Sort of an example of that is you go into the loo and you take a picture of the Mona

00:21:11.060 Lisa and you share that online.

00:21:13.140 Well, you just made another copy of the Mona Lisa available.

00:21:15.620 Do you think that makes the Mona Lisa less valuable because you did that?

00:21:19.920 No, of course not.

00:21:21.300 Like it's still like, absolutely not.

00:21:23.720 It's the most, it is the most valuable painting because it's the most famous painting.

00:21:28.380 That's the thing.

00:21:29.140 Like, and that's what, if we can, if I can make this and Matt A. Colvin can make this

00:21:33.900 the most famous painting, then it will be the most valuable painting.

00:21:38.480 And so that's, that's kind of like what this is.

00:21:40.800 It's sort of like, it's not about sort of restricting people's access to it.

00:21:44.920 It's just about proving who owns it.

00:21:47.080 So in the case that you said, you know, this thing, how is, how are people going to see

00:21:51.920 it?

00:21:52.080 How are they going to experience it?

00:21:53.320 Well, we're going to try and get it in museums all over the world.

00:21:55.900 And here's the advantage that something digital has is it doesn't have to take just one form.

00:22:01.420 Like when you have a painting, that guy, your buddy's painting, there's only one painting.

00:22:06.680 It's locked away in his house.

00:22:08.380 Nobody's enjoying it.

00:22:09.580 Nobody's seeing it.

00:22:10.400 And with this, it can take a bunch of different forms and it can take a bunch of different

00:22:16.000 forms over time.

00:22:17.560 So I can make a copy of it for medical.

00:22:20.560 I'm going to make a big print for you in your house.

00:22:23.140 This is just for you.

00:22:24.160 Here's a copy of it.

00:22:25.600 And then we're going to make a installation in this museum and we're going to, you know,

00:22:30.260 get a bunch of projectors and make a big, huge, massive, massive projection.

00:22:34.260 And that's going to be in this San Francisco museum.

00:22:36.980 Then we're going to have this, this museum in Hong Kong.

00:22:39.300 They've got a bunch of screens.

00:22:40.960 We're going to put a bunch of screens in this thing and we're going to make a copy of it

00:22:44.640 there.

00:22:45.200 So this artwork, because it's digital, could actually exist in a bunch of different places

00:22:52.840 at the same time and be, have people experiencing it and viewing it.

00:22:56.600 And each one could be slightly different too.

00:22:58.980 So it's something where there are some advantages like that to, to, you know, digital artwork,

00:23:05.520 because again, at the end of the day, it has to come into the physical world.

00:23:09.080 Somehow.

00:23:10.080 So whether that's on a computer screen, whether that's on a phone, you are viewing

00:23:14.840 it in the real world somehow.

00:23:16.820 So I think that's, that's a huge advantage of, it can take a bunch of different forms,

00:23:21.160 but then the NFT is still sort of the kind of piece of it, the kind of, that is the actual

00:23:27.360 sort of artwork.

00:23:28.140 Does that make sense?

00:23:28.980 It is again, it's a, it's a bit hard, a different way of looking at it.

00:23:32.320 So then here's the question that follows up that, because it says, uh, the last 30 minutes

00:23:37.440 of the auction witnessed a rare phenomenon of last minute bids, which skyrocketed price

00:23:41.600 of $69 million.

00:23:42.700 People's work also brought a new class of collector to the centuries old auction house of the 33

00:23:48.720 active bidders.

00:23:49.680 You had 33 active bidders.

00:23:51.140 91% of them were new to Christie's people who know Christie's, they know Christie's, but

00:23:57.160 if 91% are new to Christie's, they don't know Christie's.

00:24:00.060 They just came to Christie's and most 90 majority were millennials and Gen X buyers made up of

00:24:06.700 made up the majority.

00:24:08.220 Christie said in a press release, most bidders were in the Americas followed by Europe and

00:24:12.420 Asia.

00:24:12.800 So here's my question.

00:24:13.740 I don't know if you know the answer to this question, where most of your buyers or bidders

00:24:19.380 folks who are heavy or made their money in the Bitcoin world, I kind of want to be low

00:24:25.900 key and nobody knows.

00:24:26.820 Meaning are these art collectors bidding or are they bid?

00:24:31.100 Exactly.

00:24:31.760 That's exactly.

00:24:32.600 They're crypto people.

00:24:33.600 You're a hundred percent right.

00:24:34.780 I got it.

00:24:35.760 They're absolutely crypto people.

00:24:37.340 And so that honestly, and what, that was one of the first questions when I came to this

00:24:41.560 space, it's like, who the hell are these people bidding on this?

00:24:44.560 And like, why?

00:24:46.180 And because this is, seems very speculative and it's like, yeah, it is very speculative,

00:24:50.800 but these are crypto people.

00:24:52.520 And if you made a lot of money in crypto, it's because you bet on crypto early when it was

00:24:57.380 quite speculative.

00:24:58.420 And it was sort of like this Bitcoin, you know, if you made a bunch of money on Bitcoin,

00:25:01.940 it's not because you bought Bitcoin, you know, three months ago, it's because you bought 0.99

00:25:06.260 Bitcoin 10 years ago, eight years ago when everybody was like, what is this stupid? 1.00

00:25:11.720 Crap. 1.00

00:25:12.260 This, this is, they're just paying for internet money. 1.00

00:25:15.500 Okay, great. 1.00

00:25:16.980 You're idiots. 1.00

00:25:18.620 And you were like, nah, I'm going to bet on it. 1.00

00:25:20.460 And you speculated.

00:25:21.680 It was, it was not anywhere proven at that time.

00:25:24.600 And so now these people started speculating on this NFT stuff.

00:25:29.300 And so that's where, where it is.

00:25:31.080 They are new customers.

00:25:33.380 They are new people.

00:25:34.480 And that's where I think this digital art and NFTs is going to bring in a massive, massive

00:25:40.680 amount of new customers who never thought of themselves as collecting art.

00:25:44.480 They look at art and it's like, okay, I don't know what the hell that is. 0.98

00:25:48.620 I don't give any shit about like what that is. 0.98

00:25:51.320 It looks super weird. 0.98

00:25:52.680 It doesn't connect with me at all.

00:25:54.860 I'm a young guy or whatever that made money on the internet.

00:25:58.780 And sort of that does not speak to me.

00:26:00.720 I don't know what it is.

00:26:01.560 I don't really care about that.

00:26:02.800 I'm not interested in buying that.

00:26:04.500 And so that's where I think this is going to bring in a whole new group of collectors

00:26:08.560 to, to collecting art that, that, you know, never would have thought of it before.

00:26:14.240 And that's huge for Christie's to be quite honest.

00:26:16.960 And it's huge for a lot of this stuff.

00:26:18.460 A hundred percent.

00:26:19.000 Oh yeah, absolutely.

00:26:20.460 There's those people, you know, I hate to say it, no offense to them, but like they're

00:26:24.300 dying.

00:26:24.840 Like they're so old that they're dying because it's old money, but there's a lot of new

00:26:29.200 money out there.

00:26:29.980 There's a lot of new money that made money on the internet.

00:26:32.360 That's exactly it.

00:26:33.580 And those people are going to want art too.

00:26:36.060 And that's where I think this digital art is going to speak to them in a much, much

00:26:40.060 more sort of visceral way than the old art did.

00:26:43.620 Yeah.

00:26:43.840 I mean, look, I think what is happening right now, the question then becomes, can they convert?

00:26:48.200 And sometimes the converting takes a little longer, right?

00:26:50.960 For others to say, you know what, this is the way to go.

00:26:54.380 Listen, I don't care if you like it or not.

00:26:55.880 The internet's here.

00:26:56.520 I don't care if you like it or not.

00:26:57.900 I know you don't want to post your picture, mom, on Facebook, but everyone's doing it.

00:27:00.840 I know you don't want to post your, you know, video with what we just did.

00:27:03.580 But everyone's doing Snapchat.

00:27:04.840 So I think that has anybody weird contacted you since the sale, meaning an Elon Musk or

00:27:10.060 any of those?

00:27:10.600 Has anybody or the White House, have you been in contact with anybody of extreme power that's

00:27:15.960 like, wait a minute, what the hell just happened?

00:27:17.920 Can you fill us in on what you can say about NFTs?

00:27:21.080 I mean, I've talked to a lot of people before that.

00:27:23.540 I talked to Mark Cuban.

00:27:24.660 I've talked to Gary V.

00:27:26.340 You know, I've talked to a bunch of people who are kind of like, what is going on here?

00:27:31.280 Obviously, I've been on, you know, a ton of shows and stuff.

00:27:34.720 But yeah, I think it's honestly, it's still so early in this that people aren't really

00:27:39.720 understanding where this is going or where it could go.

00:27:42.100 So and I think it's very, I think at these prices too, to be quite honest, it's almost

00:27:48.480 very easy to dismiss as like crazy, crazy hype that it's just like, well, what is this?

00:27:53.420 Come on.

00:27:53.820 Like, there's no way it's worth that much.

00:27:55.580 Um, and I think it is very, um, you know, that there is some level of like, kind of like

00:28:02.860 a bubble here that I think it's, it's, there is, you know, some level of like, and we're

00:28:08.140 getting a bit jacked up here, but I think it's what I think, what I would say to that

00:28:13.240 is there was a big bubble with the internet and, uh, you know, there was a lot of people

00:28:18.440 who are super jacked up about the internet and they're paying crazy, crazy amounts of money

00:28:22.420 and then the bubble burst, but the bubble did not kill the internet.

00:28:26.120 People kept using the internet because the internet was useful.

00:28:29.100 And that is what I believe will happen with NFTs.

00:28:31.220 I think it's going to be, you're going to see a bunch of people rush in and okay, NFT

00:28:35.960 have a toothbrush, NFT everything.

00:28:39.820 Um, but the technology is, is simple enough in a way and strong enough in a way that I think

00:28:44.940 it's going to outlast that and all the crap's going to get wiped out.

00:28:48.240 And, and you know, the Amazons, the Googles, the blah, blah, blah, they'll still be around 0.99

00:28:53.560 the people's if you will.

00:28:56.160 But I, you know what I mean?

00:28:57.440 I think it's one of these things where people need to be careful.

00:29:00.120 It is still very speculative, but it's, it's something that I think is going to be around

00:29:05.160 for, for quite a while because it has a lot of use cases and we barely, barely scratched

00:29:10.040 the surface.

00:29:10.920 And I think the blockchain people know that, but it will take a bit longer.

00:29:15.200 Like to your original point, it will take a bit longer for everybody else to kind of

00:29:18.920 come around to it.

00:29:20.160 Yeah.

00:29:20.340 So, so, you know, the younger generation historically have always been the biggest baptizers.

00:29:24.500 They baptize, they eventually baptize the older generation.

00:29:28.040 It takes longer to baptize the older generation than it does to baptize the younger generation

00:29:34.000 because eventually they're like, listen, mom, whether you understand this stuff or not,

00:29:37.440 your son is worth 17 million bucks.

00:29:39.040 What do you want to do?

00:29:39.700 You know, you want to kind of like understand that this works or, and I said, did you know my

00:29:43.600 son, did you know that guy's, did you know her son, did you know Johnny's mom's, you

00:29:47.020 know, did you know, so those stories eventually go and people start kind of, uh, um, looking

00:29:51.460 at it and say, maybe this may be the direction to go.

00:29:53.220 So a few different things, uh, Jack Dorsey puts out his tweet, right?

00:29:57.120 I don't know what he sold it for, but he sold it for two and a half, okay.

00:29:59.400 Two and a half million dollars.

00:30:00.780 He sold his first tweet as an NFT.

00:30:03.520 You hear other stories like that.

00:30:05.440 Elon Musk is talking about, he's going to make a song.

00:30:07.820 Yeah, he made it, yeah, he made a song and I offered him 69 million for it.

00:30:13.380 Yeah.

00:30:13.560 I offered him 60 million dollars for his song and he kind of, and then he decided he wasn't

00:30:18.000 going to sell it.

00:30:19.900 So, so what do you, what do you think, what do you think this thing can go with NFTs?

00:30:24.320 Like, can, can, can you own a digital dream house in an NFT that's worth 10 million bucks?

00:30:31.140 Can you own a digital home in Mars where it's like, look at this, you know, waterfront property

00:30:38.260 on Mars and you kind of make it as an imaginative place.

00:30:41.480 What, what, what, what can this thing go next?

00:30:43.420 I think you could do all those things.

00:30:45.520 It's more like, will everybody want to do those things?

00:30:48.760 It's you could, again, you could attach it to anything.

00:30:51.020 It's sort of like, you need to get everybody to actually want to pay that much.

00:30:55.440 If you're saying it's 10 million dollars, then you've got to convince people that it's

00:31:00.560 worth 10 million dollars.

00:31:02.420 It's got to be in some game or something that's very, very popular that everybody's like, everybody

00:31:07.540 wants that thing.

00:31:09.100 So obviously Twitter, probably not going anywhere.

00:31:12.860 It's kind of a big thing.

00:31:14.240 So the founder of Twitter, his first tweet, it's kind of like, well, that kind of seems

00:31:19.040 like it's a piece of internet history.

00:31:20.740 But you could very strongly argue that that's a pretty sort of like big piece of internet

00:31:25.540 history.

00:31:26.280 Honestly, 2.5 million dollars for that does not, I'm not sure it actually sold for that.

00:31:30.840 I think that's the current bid, I believe that will go much higher than that, because

00:31:36.320 that is a massive, massive part of internet history.

00:31:39.340 And so I think it's one of these things where there's a lot of things that we connect value

00:31:44.880 to that do not have any inherent value.

00:31:47.540 Look at a baseball card.

00:31:49.060 Everybody agrees.

00:31:49.780 You have a Mickey Mantle, you know, 18 or whatever.

00:31:52.700 I don't know what the hell it is.

00:31:54.360 You know, a Mickey Mantle rookie card.

00:31:56.520 That's worth something.

00:31:57.520 Well, why?

00:31:58.140 It's just a piece of cardboard.

00:32:00.840 Well, you're going to pay this much for a little piece of cardboard?

00:32:03.200 What are you talking about?

00:32:04.160 It's what it symbolizes.

00:32:06.460 And so just like with Jack Dorsey, the first tweet, it's like, what does that symbolize?

00:32:11.140 When you pay, you know, a million dollars for a baseball card, are you like, well, I really

00:32:16.120 want that cardboard?

00:32:17.600 No, it's what the cardboard means.

00:32:19.780 And so the painting is really no different.

00:32:23.100 It's a piece of stretched cloth with some paint on it.

00:32:25.920 Well, why does that happen?

00:32:27.000 Why would I pay for that?

00:32:28.820 And that doesn't have any like value or meaning.

00:32:30.880 It's the cultural relevance.

00:32:32.540 It's the historical relevance.

00:32:34.600 It's like there's a bunch of symbolic meaning that we attach to things that, you know, we're

00:32:39.600 going to start attaching to digital goods because, again, those digital goods have just

00:32:44.400 as much cultural relevance, just as much historical value as anything that's, you know, a physical

00:32:50.340 thing.

00:32:50.760 So, so for example, the other question would be, you know, how LeBron James's dunk sold

00:32:54.900 for whatever 220.

00:32:56.380 I don't know.

00:32:56.720 The number was 208 or 220.

00:32:58.620 Yep.

00:32:59.340 If the person who bought that, that doesn't mean ESPN or the Lakers can never show the

00:33:03.640 highlights of that.

00:33:04.660 Yep.

00:33:04.920 And if they do, if that becomes like the most famous dunk ever, where it's like, that's

00:33:09.520 Michael Jordan, fricking boom, or that's one of these, just the most iconic dunks, then

00:33:15.100 that thing will be worth a lot.

00:33:16.560 If in, you know, three years from now, five years from now, 10 years from now, he's done

00:33:21.680 a million sweeter dunks and nobody gives a crap about that dunk, then it will not hold

00:33:26.860 that value.

00:33:27.660 It's how much people will care about this stuff in the future.

00:33:31.100 Do you think people will still care about Twitter in the future? 0.91

00:33:33.760 Then that first tweet might be worth a lot, but if nobody's going to give a fuck about 0.60

00:33:38.220 Twitter in the future, then yeah, it's not worth anything.

00:33:41.360 So it is, it's about how much, how relevant these things are in the future.

00:33:47.980 That's what's going to give them value.

00:33:50.140 Crazy question for you.

00:33:51.180 Would you buy NFTs or have you bought any NFTs yourself or no?

00:33:54.700 I have not bought any NFTs.

00:33:56.500 There are ones that I would buy.

00:33:57.940 I just, honestly, I've been so like focused on like getting, you know, sort of getting my

00:34:03.700 own stuff going.

00:34:04.620 I haven't really like mastered it.

00:34:06.120 Honestly, I haven't done very much of any investing with the money that I've gotten from

00:34:09.900 any of this stuff, just because I've been so, you know, heads down on making the next

00:34:14.080 thing.

00:34:14.640 But there are definitely ones.

00:34:16.180 CryptoPunks, CryptoPunks are actually the first NFTs.

00:34:19.120 Those I believe are going to be worth a huge amount moving forward because they were actually

00:34:22.840 the very first ones.

00:34:23.960 And there are these weird little sort of pictures of these.

00:34:27.420 They're very sort of simple looking.

00:34:29.780 Those I believe will absolutely hold value and will be like massive, massive in the future.

00:34:35.180 But, and this is a big but, a lot of the NFTs right now will not be worth anything in the

00:34:41.600 future.

00:34:42.080 It is still very, very speculative.

00:34:44.140 It is something that is, it is not for like, okay, you know, this is for people who, you

00:34:51.960 know, are willing to take a bit more risk because it is definitely, definitely more risky

00:34:57.260 than like, you know, buying a share of Amazon or Microsoft or whatever.

00:35:02.960 So, so do you, the, the, the risk to this, before we wrap up the downside to this downside

00:35:08.620 to this, do you see any regulatory or the government getting involved to hurt or slow

00:35:14.740 down or challenge what NFTs, because the moment you see that kind of money coming in, you can

00:35:18.640 all of a sudden see the, all the, you know, the, you know, people coming and say, Hey, you

00:35:22.200 guys got to create some rules.

00:35:23.400 You guys got to create some laws.

00:35:24.640 Is that a possibility that could slow it down or that wouldn't have any effect on it regardless?

00:35:29.060 No, I mean, a government come in and make rules around anything.

00:35:31.860 There's, there's absolutely nothing that will stop that.

00:35:34.480 I, in this case, I don't think they will just because it's actually quite sort of cut and

00:35:40.320 dry in a way.

00:35:41.140 It is so simple that it's just sort of like, okay, you're buying the like token and that's

00:35:44.980 kind of it.

00:35:45.740 So I don't know that they, I personally don't think they will, or if they did, I don't know

00:35:52.200 what those rules would look like.

00:35:55.340 Again, you don't know what the government, they could always come in and screw things up.

00:36:00.340 They're, they've, they'll find a way, they'll find a way to screw things up.

00:36:03.880 So they could, it personally, I would not be super, I'm not super concerned about that.

00:36:10.040 So final thoughts here.

00:36:11.380 Somebody's watching the saying, Mike, you've inspired me, man.

00:36:13.680 I'm going to go either buy or I'm going to go be a designer.

00:36:18.280 It's like, that's what I'm going to do.

00:36:19.460 I'm going to set it up.

00:36:20.500 What would you tell the creative kind of like you, if you could give any feedback to the

00:36:24.200 creative, who's like you, if I would have done three of those per year, 66,000, I'm

00:36:28.720 fine with the lifestyle that I have, that would have been great.

00:36:30.960 Not 69 million.

00:36:32.320 What do you, what feedback you got for the creatives and what feedback do you have for

00:36:35.340 those that are saying, I'm not fully comfortable with blockchain.

00:36:38.520 I am sitting on a million dollars.

00:36:40.100 I wouldn't mind investing in a little bit of the blockchain NFTs that's coming out.

00:36:43.640 What do you suggest me doing?

00:36:44.620 Give me feedback to both the creative and the investor.

00:36:47.400 And to the creative, I would say start in every day.

00:36:49.720 And I, and there have been literally, you know, sort of tens of thousands of people who

00:36:53.940 have started every day because of like me seeing me do this.

00:36:57.140 And some of those people have hundreds of thousands of followers in their own right.

00:37:00.860 So this is very much like a movement in, you know, I've been bugging people to start every

00:37:05.140 days for many, many years and a ton of them have.

00:37:08.340 And it's something that is, you know, sort of a known sort of movement in digital art

00:37:12.020 doing every days.

00:37:13.540 So yeah, I would recommend doing that.

00:37:15.420 And again, I would not sort of focus on the money piece of it, the money aspect of it,

00:37:19.860 focus on getting better and the money will come or it might not come, but like, you can't

00:37:25.940 control that piece of it.

00:37:27.080 That piece of it is very hard. 0.97

00:37:28.800 What you can control is how much you sit your ass down and you like practice and work your 0.89

00:37:33.040 ass off that you can very much control. 0.89

00:37:35.500 And it's about just putting in the work every single day.

00:37:38.800 There's no shortcut to it.

00:37:40.560 Like there's no fancy, oh, here's, you know, some advice that you never heard that somehow

00:37:46.120 is some shortcut.

00:37:47.040 No, no, it's just the work.

00:37:48.400 That's all it is.

00:37:49.040 It's just a buttload of work.

00:37:50.460 Like there's no other, you know, way around it.

00:37:54.240 To the investor, I would say if you want to get into NFTs, I would look at those crypto

00:37:59.380 punks.

00:38:00.160 I would also look at there's this guy named Beeple who makes awesome artwork.

00:38:04.500 No, I would say I think it's one of those things where you really need to sort of do

00:38:08.040 your due diligence, look at this stuff, try and understand the space more and sort of have

00:38:14.160 it on your radar.

00:38:14.900 I think it's going to get more and more, you know, an alternate asset class that I think

00:38:20.060 people are, it's going to get more and more viable.

00:38:22.140 I think we've sort of, you know, kind of gotten used to the idea that, you know, equities have

00:38:28.240 been the predominant asset class for the last hundred years.

00:38:30.560 You grow up, you get a little extra money and you choose a corporation and you give that

00:38:35.080 money to a corporation.

00:38:35.980 Well, kids hate corporations.

00:38:37.740 They super hate corporations.

00:38:39.720 And so this idea that they're just going to automatically grow up, get a couple extra

00:38:43.240 bucks and, you know, give it to Amazon, give it to Google, give it to blah, blah, blah.

00:38:47.240 I don't know that I see that just automatically continuing forever.

00:38:51.800 And so if there's alternate asset classes like NFTs, like Bitcoin, something like that,

00:38:57.100 I could see those being a real sort of, you know, alternative that people would like to

00:39:01.560 sort of like, well, I'd rather buy a Beeple than I would, you know, put it into Berkshire

00:39:05.400 Hathaway.

00:39:06.340 So I think it's one of these things that, you know, could be really important growing

00:39:11.280 up because the other part of it is you have much more of a sense of digital ownership of

00:39:15.320 these and you can sort of, you know, do them and trade them and sort of own them with much

00:39:21.040 less rules and much less oversights.

00:39:23.100 Again, you go back to stocks, you have to trade it in a certain time, a certain way,

00:39:28.400 certain places, you know, there's a lot of rules around it.

00:39:31.720 And those rules, like we saw with GameStop, those rules can change on a dime.

00:39:36.760 And it's like, oh, here's the new rules.

00:39:38.420 Don't like it. 1.00

00:39:39.520 Go fuck yourself. 1.00

00:39:40.700 This is the new rules. 1.00

00:39:42.220 Kids didn't like that.

00:39:43.540 Nobody liked that.

00:39:44.700 And so if you have something like this that has less rules and it's, you have more of a

00:39:48.580 sense of ownership, which again, people are yearning for that online.

00:39:52.160 You go to, you know, you give your data to Facebook and Google, you stop owning it.

00:39:56.820 They own it then.

00:39:57.860 You've given it to them.

00:39:58.760 And so this is another thing where you have much more of a sense of ownership, which is

00:40:03.200 not something we're used to online.

00:40:04.900 We're used to giving people stuff and then they own it and they do whatever the hell they

00:40:08.160 want with it.

00:40:09.080 That's not what this is.

00:40:10.260 And so this is where I think it could be, you know, a massive, massive alternate asset

00:40:14.960 class moving forward.

00:40:16.460 People hate, kids hate corporations.

00:40:19.360 They would try to give them money.

00:40:20.660 What a great way of putting it and explaining it.

00:40:23.940 Very eloquent.

00:40:24.720 By the way, Mike, who were you in high school?

00:40:26.560 If I'm in 11th grade with you or 16 years old, who was Mike?

00:40:30.580 I was just, I was, I don't even know.

00:40:33.080 I was just kind of, it's funny because I actually just went to a high school literally like a

00:40:37.600 couple hours ago to get a vaccine for a shot or whatever.

00:40:42.880 And I was kind of thinking about high school.

00:40:44.660 I was just literally a couple hours ago.

00:40:46.160 And I was kind of like, it occurred to me how I was like, high school is just like four

00:40:49.380 years where it just kind of happened.

00:40:51.400 Then it was like, whatever.

00:40:52.480 And it didn't really, were you to 4.0 GPA, 4.5 GPA?

00:40:56.500 No, I actually, I do remember this.

00:40:59.340 I got voted in my class.

00:41:01.020 And I think this was partially because people just didn't know me that good.

00:41:04.060 And there was just like, okay, there's a few awards left over.

00:41:07.000 Let's give it to him, whatever the ham.

00:41:09.140 I got voted most, most lazy.

00:41:12.540 Get out of here.

00:41:14.520 That's serious.

00:41:15.560 That's serious.

00:41:16.080 Again, I think it was partially, you're just like, okay, there's six awards left. 0.98

00:41:19.440 Or, okay, give Mike the most lazy, it gets a crap. 0.92

00:41:22.220 But yeah, I was, I will say I was lazy. 0.98

00:41:25.000 I definitely was lazy.

00:41:26.480 I think maybe people saw I was a bit smarter, that my grades were not reflecting, that I

00:41:30.800 could probably have tried a bit harder.

00:41:32.240 I will say that.

00:41:33.500 Well, kudos to you.

00:41:34.820 What a great story you got.

00:41:36.380 I'm definitely following your story.

00:41:38.080 And I'm looking forward to seeing bigger things happen with you.

00:41:41.140 You seem sincere.

00:41:42.640 Just a guy that all of a sudden went from being an artist to selling something for $69 million.

00:41:49.240 Mike, wish you nothing but the very best.

00:41:52.200 Thank you.

00:41:52.640 I appreciate that.

00:41:53.560 For being a guest on Valuetainment.

00:41:54.420 I appreciate that.

00:41:56.160 You got it, buddy.

00:41:56.800 Take care.

00:41:57.560 Awesome.

00:41:58.020 Thank you.

00:41:59.020 $69 million.

00:42:00.240 Think about it.

00:42:00.800 $69 million because he stuck to it 5,000 days from May 1st, 2007 to January 7th, 2021.

00:42:07.840 And it sells at Christie's auction for $69 million.

00:42:12.280 And how he broke down NFTs.

00:42:14.880 Hey, kids hate corporations.

00:42:17.120 They're going to be more excited about something else, investing into an art.

00:42:20.260 And what direction this is going to go.

00:42:21.840 Comment below.

00:42:22.300 I want to hear your thoughts.

00:42:23.320 And we had a debate this last week on the podcast.

00:42:25.620 If NFTs are a fad, if you haven't heard that yet, click over to watch that.

00:42:29.380 Take care, everybody.

00:42:30.240 Bye-bye.

Valuetainment - March 19, 2021

Beeple Explains His $69 Million Sale & The Future Of NFT’s

Episode Stats

Summary

Transcript