According to Deep Tide TechFlow, on October 28, digital artist Mike "Beeple" Winkelmann, who set a record of $69.3 million in NFT auctions, recently gave a talk at the Royal College of Art in London, analyzing the development trajectory of the NFT market in depth. He noted that although NFT trading volume has dropped more than 90% from its peak, the market is gradually maturing, and collectors who truly understand this technology remain enthusiastic. Beeple stated, "We lost a lot of people, but those people were never here for the art; I could see that right away."
Beeple pointed out that at the "Everydays" auction, the market was "100%" a bubble. "Before that, I had been creating digital art for 20 years, and I saw people buying garbage, feeling like, 'This can't hold its value; that's trash.' It won't last, and you'll realize that's right." The collectibles project represented by Bored Ape Yacht Club is fundamentally different from pure art NFTs. He predicts that in the future, every piece of physical art will come with an NFT as a certificate of authenticity, which is more advantageous than traditional paper certificates.
Beeple recalled: "Looking back at those days, I feel it was quite crazy because the time when NFTs were hated was much longer than when they were loved. For a short period, people would say, 'Yes, this is the future,' and then they would say, 'Oh, you jerk, don’t give me that.'" Although Beeple admits the NFT market "will return to reality" and speculators have "turned away," he points out that "people are still very enthusiastic about these kinds of products," leaving a group of core enthusiasts who "understand this technology."
As a representative of new technology applications, Beeple's latest works "Human One" and "The Tree of Knowledge" showcase the innovative potential of dynamic NFTs. Among them, "The Tree of Knowledge" records real-time data through blockchain, including news, stock prices, cryptocurrency prices, and environmental data.