Non-fungible tokens, or NFTs, have become increasingly popular in recent years, and with their rise in popularity, investors are eager to learn more about the NFT marketplace. Pricing is one of the elements that draws the attention of investors. A variety of factors can affect the value of an NFT, such as limited series NFTs with specific use cases, the founding team, artists, and local communities. In this article, we will take a look at the top 10 most expensive NFTs sold so far in the world.
Read More : What Are NFT Collections & How Can They Benefit You?
The Most Expensive NFTs
Here is a list of the top 10 most expensive NFTs ever sold:
Merge
Merge is a Non-Fungible token created by an unknown artist on December 6, 2021. The Merge comprises three enormous white masses set against a dark background, which individuals could buy. The Merge was sold for a whopping $91.8 million in an auction on the Nifty Gateway marketplace.
Everydays: The First 5000 Days
The NFT artwork called “Everydays: The First 5000 Days” is the most expensive NFT ever sold to one sole owner. The creator of the piece is Beeple, a highly respected artist. The artwork is essentially a collage of 5000 pieces and is extremely high-tier. It was sold for $69.3 million.
Beeple’s Crossroad
Beeple’s Crossroad is a short 10-second movie of sorts that depicts people walking past a large, fallen body with insults written all over it. What makes this NFT unique is that it offers something slightly different from the regular NFTs, and the price speaks for itself. The NFT was sold for $6.6 million.
Clock
Clock is an NFT that serves as a clock, counting the number of days WikiLeaks founder Julian Assange has been imprisoned. The NFT was created by Pak and Julian Assange to raise funds for Assange’s legal defense. AssangeDAO, a collection of over 10,000 people pooling their money to purchase the NFT and support Assange, purchased it for $4.5 million.
Beeple’s HUMAN ONE
Another interesting and unique NFT created by Beeple is HUMAN ONE, which sold for an amount close to $30 million. The artwork is highly detailed and comprises a variety of elements.
CryptoPunk #5822
CryptoPunks are known to be expensive, and CryptoPunk #5822 is no exception. The NFT was sold for over $23 million on February 12, 2022. It broke all records by being the Non-Fungible token that was sold at double the cost of the previous token.
CryptoPunk #7523
CryptoPunk #7523 is one of the only nine Alien punks minted by Larva Labs and comes with an exclusive series of accessories like earrings, knitted caps, and medical masks. No wonder why CryptoPunk #7523 is the rarest in the collection.
TPunk
Although TPunk is not worth millions of dollars, Justin Sun, the co-founder of Tron, purchased TPunk #3442 for $10.5 million in August 2021. Later, he gave the NFT to APENFT, a startup built on Tron that aims to tokenize art on the blockchain.
CryptoPunk #4156
CryptoPunk #4156 was sold for $7.7 million in February 2022. Since then, it showed no signs of seeing a downturn in enthusiasm for CryptoPunks, even after the 2021 NFT frenzy.
CryptoPunk #3100
CryptoPunk #3100 is one of the most popular CryptoPunks, with its distinct features and rarity making it a valuable addition to any collection. It was sold for $7.58 million in February 2021, at the height of the NFT frenzy. The punk’s unique features include a purple beanie hat, sunglasses, and a pipe in its mouth.
The Pixel
The Pixel is a unique NFT artwork that was sold for $1.36 million in March 2021. It consists of a 1000 x 1000 pixel image, where each pixel was sold individually to buyers. The buyers then had the ability to choose the color of their pixel and add a short message or link. The result is a collaborative artwork made up of thousands of individual contributions.
The First Tweet
The First Tweet is an NFT that contains the first tweet ever sent by Twitter CEO Jack Dorsey in 2006. It was sold for $2.9 million in March 2021. This NFT is particularly interesting because it is a piece of digital history that represents a significant moment in the development of social media.
Conclusion
NFTs have taken the art world by storm, with collectors and investors paying millions of dollars for unique digital assets. The most expensive NFTs sold so far in the world demonstrate the high value placed on rarity, unique features, and the artists behind the creations. As the NFT market continues to grow and evolve, it will be exciting to see what new records are set and what new and innovative creations emerge.
FAQs Expensive NFTs
What does NFT stand for?
NFT stands for Non-Fungible Token.
What makes an NFT valuable?
An NFT’s value is determined by factors such as rarity, unique features, the artist behind the creation, and the demand from collectors and investors.
Can anyone create an NFT?
Yes, anyone can create an NFT, but its value will depend on factors such as its uniqueness and the demand from collectors and investors.
What is the difference between an NFT and cryptocurrency?
While both NFTs and cryptocurrencies are based on blockchain technology, NFTs are unique digital assets that represent ownership of a specific item, while cryptocurrencies are digital assets used as a medium of exchange.
Is investing in NFTs a good idea?
As with any investment, there are risks involved in investing in NFTs. It is important to do your research and understand the market before making any investment decisions.
