Switching From Ethereum To Solana? NFT Artist Beeple Announces New Launch

One of the most prolific NFT artists is launching a new collaboration with Solana (CRYPTO: SOL). Here are the early details.

What Happened: Mike Winkelmann, best known as Beeple, has been one of the leading artists in the NFT space with his “The First 5000 Days” selling for a record $69 million in March 2021.

A new partnership was announced at the Solana Breakpoint Conference in Lisbon, Portugal over the weekend that has Beeple, who traditionally has launched NFTs on the Ethereum (CRYPTO: ETH) blockchain, moving over to Solana.

“In partnership with the Render Network, we’re excited to welcome Beeple to Metaplex and Solana,” Metaplex Studios CEO Stephen Hess said.

Beeple will be “debuting the future of streaming and immersive 3D NFTs.” Users will be able to create unique NFTs "with a Beeple Everyday."

Beeple has created a digital image for everyday since 2007. The first 5,000 days were sold as the top-selling NFT of all time.

Other Everydays of late have featured former President Donald Trump, current President Joe Biden and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on several occasions. Several of the Musk images created by Beeple were related to his acquisition of social media platform Twitter.

Beeple is an advisor to Render Network, a peer-to-peer decentralized network, according to Decrypt. Render Network raised $30 million in December 2021 with Solana among the investors.

More details of the launch are expected to be announced this week.

Beeple has hinted at future works that will provide utility in the NFT space.

Related Link: VeeCon 2022: First Year Event Brings Alpha, Community, Education, NFT Lessons 

Why It’s Important: Beeple is one of the most prominent names in the non-fungible token space. While Ethereum has dominated the NFT market, Solana has increased its market share in 2022 with the launches of several big NFT collections.

Collections like Okay Bears, Trippin’ Ape Tribe and DeGods have helped Solana keep up with Ethereum on several occasions.

The news from Solana of a collaboration with Beeple comes on the heels of a partnership with Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) and its Google Cloud segment, also announced at the Breakpoint Conference.

Solana also partnered with Coinbase Global (NASDAQ: COIN) recently and earlier this year announced plans for a crypto native mobile phone.

NFT collectors and investors are eagerly awaiting more details of the Beeple partnership with Solana.

SOL Price Action: Solana surged on Saturday on the Google Cloud partnership news. Solana is down 12% to $31.53 on Monday, erasing the gains from the announcement. Solana has traded between $26.06 and $253. 25 over the last 52 weeks.

Related Link: Madonna Launching NFT Collection With Beeple, Here's The Details 

Photo: Courtesy of shutterstock.com