Beeple’s ‘Regular Animals’ NFTs Reach Over 10 ETH Floor After Free Art Basel Giveaway
Beeple’s Art Basel giveaway of Regular Animals NFTs, each valued over 10 ETH, introduced unique celebrity-faced machine dogs with environmental art generation, totaling nearly $10 million in market worth.
ETH
NFT
Summary
Beeple, known for a $69 million NFT sale, distributed 256 Regular Animals NFTs for free at Art Basel, each subsequently valued above 10 Ether (~$35,000), bringing the collection’s estimated worth close to $10 million. The project portrays machine dogs with human faces of notable figures that create art based on environmental observations, and includes a complementary physical series of 1,024 pieces.
Terms & Concepts
- NFT: A non-fungible token representing unique digital assets verified on a blockchain.
- ETH (Ether): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
- Floor Price: The lowest listed price for an NFT in a collection on the secondary market.