A milestone acquisition breaks, as ‘CRYPTO IS BULLSHIT’ by Beeple moves from the RFC Collection to Punk4940 in a private deal facilitated by Eli Scheinman. Price is undisclosed.

Prologue and epilogue to the deal move through Gondi, as the seller first repays a $450,000 USDC loan and upon acquisition, the collector originates a new $400,000 USDC loan.

The 1-of-1 artwork was originally minted on October 29th as part of the artist’s Genesis Collection on Nifty Gateway. It sits alongside 1-of-1 ‘CROSSROAD’ and 100 edition ‘POLITICS IS BULLSHIT’. The unique golden bull depicted in ‘CRYPTO IS BULLSHIT’ is a complement to the latter.

Beeple Reflects:
“the torch has been passed…
Each person must find out in their own time that CRYPTO IS BULLSHIT. Many of us have learned that the hard way over the last month...
CRYPTO IS BULLSHIT 4 LIFE”

Via Eli Scheinman:
“In my view, this is one of the defining artworks of this movement. A work whose cultural resonance will only deepen as the ecosystem continues to mature.”

‘hello admin dm me’ by XCOPY sells for 73.75 ETH (~$153,000 USD) to GMonke_eth from ATS, in a deal facilitated by Eli Scheinman.

Originally minted in November 2019 via KnownOrigin, a last sale for the edition of 20 took place in January for 69 ETH, or $200,000 USD at the time.

Three sales are also in for the 1/1/666 ‘Grifters’ Collection:

Let’s have a weekly look at items of interest across the Tezos ecosystem:

Top sale of the week is ‘The Thinker’ by RJ - covered here two days ago. Right behind it is ‘Baboon’ by DVK the artist, a 1-of-1 work acquired for 3,800 XTZ ($1,484 USD) by Simone Sarantuya. It is part of the collection ‘Little pieces of my soul’, which now contains 4 artworks in total.

The third collective group release by PONDER - ‘Essential Threads’ - has now seen 5,050 XTZ in total volume. Its top sale is ‘Private Party’ by Esra Eslen for 1,000 XTZ ($378 USD) to wapshop, and edition of 25 ‘items’ by time sees its sixth sale today, totaling 120 XTZ thus far.

Objkt labs announces mentors and guest speakers involved in their upcoming second Residency. They are Kevin Abosch, Aleksandra Art, Mirjam Baitsch, Boris Eldagsen, Anika Meier, Margaret Murphy, Kika Nicolela, and Margit Rosen.

SuperRare - ‘24 Hours of Art: 2025 Annual’: Digital and physical Annual Report collection, including curated 1/1 artworks and accreditation

Ethereum - ‘The Vessel’ by Stephen Santoro: 10,000 “Craft” collection, each with unique mint prices, storage limits, and container types, as well as in parallel, timed open editions

Odiville - ‘Whispers of Odiville’ by Odious: 6 1/1 artwork collection, 1 artwork in live auction countdown

Thursday, March 5th:
‘Value Discovery’ by Ripe, part of ‘Liquid Editions’ on SuperRare, live at 12:00pm ET

Beeple’s first release has long been my favorite of his, with multiple artworks tackling thematic elements strengthening before our eyes. The ‘CRYPTO IS BULLSHIT’ + ‘POLITICS IS BULLSHIT’ bull pairing is rarified air. There can only be one. A day to remember!

Don’t know the origin story? Have a read of ‘Beeple and The Bull’, an oral history of how the Genesis Drop took place and unfolded.

Catch-up: The DAM Show

Catch-up: Weekly Dose of ART

Today Reported:
Sales thresholds of 2 ETH+ Collection, 0.2 ETH+ 1/1, 0.4 ETH+ 1/1/X, and 0.2 ETH+ Edition