2025-12-12 00:35:27

Five years ago today, a historic NFT launch silently took place, changing the course of NFT history.

From December 11-13, 2020, the historic sale on a certain NFT platform became the catalyst that drew top auction houses to the digital art space—just two months later, that globally sensational auction was born.

The entire event week kicked off with a 5-minute open version on Friday evening. Looking back now, what happened during those days directly propelled NFTs from niche collectibles into the mainstream art world. Who could have imagined at the time that a limited-time open minting piece would set the stage for a $69 million transaction?

The watershed moment for the digital art market probably began in that December.

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DancingCandles

· 16h ago

Damn, it was gone in just 5 minutes. I was there at that time, and I still regret it when I think about it now. Honestly, that wave of Beeple directly opened Pandora's box. No one expected digital art to be worth so much. I still remember the anxiety during those days in December. Those who couldn't grab it all cried... By the way, do you still feel that kind of skyrocketing sensation now? It doesn't feel as exciting as back then. The 69 million transaction amount is no longer surprising now; times have changed. Back then, just by fishing for 5 minutes, so many big shots entered the market. It was really amazing. To be honest, those who bottomed out at that time are now just relaxing. I still miss the possibility of getting rich overnight. Now, everything has become so competitive.

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SnapshotBot

· 16h ago

Damn, five years? Back then I was still scrambling to get Hashmasks. Now that I think about it, time really flies. --- The $69 million transaction is still the benchmark to this day, and nothing has surpassed it since. --- Honestly, December’s wave was definitely a watershed moment. After that, big players started entering the scene, and NFTs completely broke out. --- Only 5 minutes since open minting? Oh my god, back then if you weren’t quick enough, you could only eat dirt. --- Wait, are you talking about Beeple? Or another project? Does anyone remember exactly which platform it was on? --- From a small circle to the art hall of fame, it’s quite magical. Now, how many people are really using NFTs? --- I didn’t jump on that wave when the market surged. Looking at these old posts now, I always feel a bit regretful.

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SybilAttackVictim

· 16h ago

Oh my God, five years already. I still remember that drop; I was so nervous I almost missed it. Looking back now, it's really fate playing tricks on us.

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