‘NFTs: Enter the Metaverse’ | Watch the trailer

In 2021, three in any other case unassuming letters would upend the worlds of cryptocurrency, know-how, artwork, and popular culture abruptly. NFTs, or non-fungible tokens, had been propelled into the mainstream after an unprecedented $69.4 million sale on the historic artwork public sale home Christie’s in New York Metropolis.

The sale of digital artist Beeple’s Everydays at Christie’s for $69.4 million marked the start of a seemingly unstoppable NFT wave, the place everybody from digital artists to mainstream celebrities like Paris Hilton, Mark Cuban, Steve Aoki and lots of others started creating, promoting, and accumulating NFTs through cryptocurrency on the Blockchain.

Whereas NFTs initially centered on the significance of possession of digital belongings, they quickly additionally turned a part of a social motion the place teams of creators and collectors started communities based mostly on shopping for and promoting NFTs. Some early examples of those teams embody CryptoPunks and Bored Ape Yacht Membership, however many extra have since risen in reputation because the world of NFTs continues to increase and propels new digital artists, like 17-year-old Diana Sinclaire, to worldwide fame.

Following the journey of digital artist Beeple, aka Mike Winklemann, via the historic sale of his Everydays work, “NFTs: Enter the Metaverse” illuminates the social and financial elements that led to the rise of NFTs in addition to the implications of NFT know-how on the way forward for the Metaverse. The documentary options appearances by Paris Hilton, Gary Vaynerchuck, Mark Cuban, Steve Aoki, 3Lau, Rebecca Jarvis, Kelly Crow, Kenny Schacter, Diana Sinclair, Daniel Maegaard, and Karsen Daily.

Watch “NFTs: Enter the Metaverse” premiering on Might twenty first on ABC (examine your native listings), ABC Information Reside and the Localish Community.