Michael Winkelmann, Known Professionally as Beeple, Is Back to the Nascent Crypto Sector

After shifting focus to politics and lifestyle in the past several months, Michael Winkelmann, known professionally as Beeple, is back to the nascent crypto

Prominent digital artist Michael Winkelmann, who goes by the professional name Beeple, is shifting his focus back to the nascent crypto sector after spending the last several months concentrating on politics and lifestyle. In his recent everyday artwork, Beeple posted the Moo Deng, a popular meme coin trending on the Solana ecosystem. In this piece, we shall assess why Beeple is the man to watch now the crypto and non-fungible token markets are projected to experience another bull run.

Beeple Tweets About Moo Deng

In a September 30 blog post, Beepel shared a picture of piled little hippos and wrote, “We are all moo deng” as part of his everyday artwork. The image and the caption related to Moo Deng, a newly launched meme coin created in tribute to Moo Deng, a two-month-old pygmy hippo who has become an internet sensation thanks to her playful antics and endearing expressions. This new meme coin has gained massive traction, raising a market cap of over $300M in less than 20 days.

we are all moo deng pic.twitter.com/I9MOvdaARW

— beeple (@beeple) September 30, 2024

Beeple is an American digital artist, graphic designer, and animator. He is best known for selling non-fungible token collections. Beeple uses various media in his art to create comical artworks that make political and social commentary while using pop culture figures as references. Beeple has been creating art every single day since 2007. He has attracted a huge following on X, formerly Twitter, that now nears 800,000.

Beeple's recent tweet about Moo Deng appeared amid speculation and projections that the crypto and non-fungible token markets might retest some bull run in Q4 2024. Notably, these crypto projections are based on previous market cycles. Last year, the global non-fungible token market retested some hype after Bitcoin Ordinals and BRC-20 NFT collections exploded in sales volume.

Beeple's shifting focus back to crypto, alongside other market factors, signifies potential signs of a possible NFT market bull run before the end of the year. It's worth noting that many meme coins, including Pepe the Frog, have ended up turning into NFT collections. In that context, we are likely to get the Moo Deng NFT collection in the NFT market as the Moo Deng meme coin continues to gain massive traction.

Why Is Beeple A Man To Watch In Crypto?

Beeple is not just an influencer and a mere artist to be ignored. This iconic artist is believed to have single-handedly started the historic 2021 NFT Bull Run. Beeple entered the crypto market sometime in 2018 but stayed passive until 2020, when he learned about NFTs. At the time, the NFT artist Beeple tokenized his “Everyday: The First 5000 Days” as an NFT, which later sold for nearly $70 million.

In late October 2020, days before the United States presidential election, Beeple released three artworks on the NFT marketplace Nifty Gateway. One NFT collection was called “Politics Is Bullshit,” featuring a diarrheic bull tattooed with an American flag with a Twitter bird perched upon its neck. His NFT collection gained massive traction and value and sold for $6.6 million.

4. The Boom and Mainstream Awareness (2020-2021)

The NFT market exploded in 2021, with high-profile sales capturing global attention. Notable events included Beeple's "Everydays: The First 5000 Days" selling for $69 million at Christie’s. pic.twitter.com/lZIoKW8zlt

— Matee 🟠 NFTARMY (@Matee39) September 21, 2024

Beeple's gigantic sales hit every major news outlet, attracting massive businesses, companies, and institutions to the NFT market. These NFT sales served as the catalyst that started the great NFT bull of 2021. The US residents are heading back to the ballot this year. Since the two presidential candidates, Kamala Harris and Donald Trump, have embraced blockchain tech, Beeple's NFT artwork could resell for millions, setting the stage for another Bull Run.