According to Deep Tide TechFlow news on October 28, as reported by Decrypt, digital artist Mike "Beeple" Winkelmann, who created a record-breaking $69.3 million NFT auction, recently gave a talk at the Royal Academy of Arts in London, analyzing the trajectory of the NFT market. He noted that although NFT trading volume has dropped over 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 tell right away."
Beeple pointed out that the market at the "Everydays" auction was "100%" a bubble. "Before that, I had been creating digital art for 20 years, and I saw people buying garbage; it felt like, 'This can't hold its value; that's rubbish.' It won't last, and you'll realize that's true." The collectible projects represented by the Bored Ape Yacht Club are fundamentally different from pure art NFTs. He predicts that in the future, every physical artwork 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, it all felt quite crazy, as the time when NFTs were hated was much longer than when they were loved. There was a brief moment when people would say, 'Yes, this is the future,' and then they would say, 'Oh, you bastard, don’t give me that.'" Although Beeple admits that the NFT market will "return to reality" and that speculators have "moved on," he pointed out that "people are still very passionate about these kinds of products," leaving a core group of enthusiasts who "understand this technology."
As a representative of the application of new technologies, 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 the blockchain, including news, stock, cryptocurrency prices, and environmental data.