NFTs (non-fungible tokens) are becoming an increasingly profitable investment. Both collectors and those looking to get into blockchain as an investment are paying a fortune for these digital assets.
They grew in popularity in recent years after art collections were sold as digital photos and celebrities and influencers got on board. Our list is about some of the most expensive NFTs ever sold. Some are digital art, while others are more of an online asset.
Beeple – Everyday: The First 5000 days
Beeple is a digital artist who found fame in March this year when he sold his piece called Everyday: The First 5000 Days. Beeple created a new digital photo daily for 5,000 days, documenting his life and artistic process over time.
It started in 2005 and ended in January 2021, when the collection was finished and auctioned. The auction was quite agitated, and the collage was sold for $69 million. MetaKovan bought it. Some would argue that the most important result of this acquisition was the fact that this is how the general public heard about NFTs.
Beeple – Human One
Beeple also made the second NFT on our list, his first work of art based on physical materials. It features an astronaut “forever striding through the wastes of vaguely familiar worlds.” The image changes depending on the time of the day, and c an also be found as a digital photo.
It was sold for $28.9 million. The overall Beeple made from their artwork is over $100 million, with the third most expensive NFT he sold worth about $6 million.
POW NFT
Unlike other NFTs on our list, POW NFT can be mined using cloud mining solutions, as with Bitcoins and Ethereum digital currency. This means that the price of drilling an NFT can range from something as small as $1 a day to as much as $900 a day or more.
The cost of the NFT itself is based on its market value and, therefore, on how rare it is, as is the case with any other FT. There’s no limit as to how much POW NFT can be worth at some point.
CryptoPunk 4156
CryptoPunks is an NFT token collection on the Ethereum blockchain. It started in 2017 as a two-person team and grew into one of the most extensive and expensive NFT collections. The hype reemerged when 4156 was sold due to its rarity and price. It was sold for $10 million 24, which is well known with the community interested in this type of art due to its scarcity. It’s also one of the most recognizable pieces the community has put out so far. The difference between it and the others we mentioned was that it was sold in an open market and not in an auction.
Beeple – Ocean Front
This is the third Beeples piece of art on our list and the third most expensive piece he ever sold. At this point, Beeple plays a significant role in the market for the artistic side of NFTs, and it shws. The work was sold for $6 million.
The work depicts”an “amalgamation of massive containers, a caravan, and a tree, standing tall in the o”e n.” Ocean Front is excellent and haunting. It was purchased by Justin Sun, the CEO of TRON and Rainberry.IXCopy’spy’s A Coin for the FerryIt’sIt is one of the earliest pieces created by a digital artist, XCopy. It was built in 2018 and was sold for $6 million in 221. The artwork is an amalgam of faces, and its most striking feature is the GIF that makes it so unique. It’s one of the rarest NFTs out there, and when it was first auctioned, it caused quite a stir within the community. It also put the artist on the map in a way that wasn’t before since the general public was less familiar with their work.
Beeple – Crossroad
Beeple is now a household name in the world of NFTs, and this one has made history due to how it was sold and not due to its worth or artistic value. The piece features short video clips of people walking past a dead body with insults written on it.
This transaction is unique and exciting because the NFT was resold for $6 mill. That’s the first NFT of that size that had changed hands twice before it reached its price and placed in the markPak’sak’s – The Merge.
The Merge was sold on December 2. It’s the most expensive NFT ever sold at this point. Almost 30,000 different collectors tried to bid for it, and it was sold for $91.8 million. It’s also essential since the most expensive NFT has multiple owns. About 28,000 collectors own the art piece collectively. It’s not easy to say if The Merge is one piece of art or a collection. It was sold in an open auction, and the buyers bought tokens, giving them possession of a part of the piece, as would be the case with the purchase of digital currency. The unit price started at $575 and grew from there.
The Shape of Things to Come
NFTs are a growing market that is already crucial for the art and tech world. It will continue to grow and expand over time; there’s more interest in it with the younger buyers and the public in general.
At this point, it’s the cutting edge of the art auctions. It’s combined with blockchain technology due to its structure. We will see more and more artists working in this medium and making money in the process. It’s an exciting prospect for everyone involved.