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- Beeple has contributed the FTX Board Meeting NFT to Castello di Rivoli, Italy’s inaugural Museum of Contemporary Art.
- The NFT satirizes the speculations surrounding Sam Bankman-Fried at the Alameda Research office.
Castello di Rivoli Museo d’Arte Contemporanea, a leading contemporary art institution in Italy, has enriched its permanent collection with a significant donation from artist Mike Winkelmann, widely recognized as Beeple.
The piece, titled FTX BOARD MEETING, DAY #5676 11.13.2022, is a distinctive work that exists in both digital and physical formats. It consists of an NFT (non-fungible token) recorded on the blockchain and a sizable oil painting on canvas.
Beeple’s Sam Bankman-Fried NFT Embraced by Italy
Beeple’s contribution of the artwork inspired by Sam Bankman-Fried marks a pivotal moment for the institutional acceptance of NFTs as a legitimate art form.
In a statement, Carolyn Christov Bakargiev, the museum’s director, remarked:
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“For me, the collapse of the crypto world following the FTX scandal and the speculative bubble that exploded last year is one of the key moments of that world – it was like an atomic bomb going off in the crypto world.”
Through his creations, Beeple utilizes elements of pornography and whimsical digital graphics to critique what he views as the youthful recklessness and immaturity prevalent in the digital culture surrounding tech entrepreneur SBF.
Beeple, who has been producing and sharing a new image online daily since 2007, has amassed a substantial following on social media, with 2.4 million followers on Instagram, over 500,000 on Facebook, and more than 760,000 on Twitter.
The artist gained global acclaim during the COVID-19 pandemic lockdown when his piece EVERYDAYS: THE FIRST 5000 DAYS, a collection of 5,000 images created over 15 years, achieved a record price at Christie’s auction. This event elevated digital art and the notion of NFTs, highlighting the distinctiveness that each token embodies through blockchain technology.
Elaborating on her choice of Beeple’s 1/1 edition, Christov-Bakargiev underscored the artwork’s significance within a broader art historical context. “Beeple is intriguing as an artist in a manner akin to Andy Warhol […] Warhol was critiquing the consumer society around him […] Beeple’s work is particularly contentious in that community because he is an artist who critiques the digital world.”
To celebrate the donation, the museum will organize a public dialogue featuring Beeple, Director Carolyn Christov-Bakargiev, and curator Giulia Colletti, which will be live-streamed on YouTube. After the discussion, there will be a book presentation and signing of Beeple’s first monograph, “Beeple: Everydays, the First 5000 Days,” at the Castello di Rivoli Bookshop.
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