The year 2021 will go down in history as the year cryptocurrencies gained massive user adoption, largely thanks to the non-fungible token (NFT) boom. NFTs have indeed gone mainstream, catching the attention of millions around the world.
Today, despite ups and downs, the NFT universe continues to grow while its total market value is now in the billions of US dollars.
Discover the most expensive NFTs and why they sold millions.
NFTs sell in the millions
Blockchain has transformed the digital universe and allowed almost everything to be tokenized and transformed into NFTs.
Crypto art collections, for example, have been sold for millions of dollars in JPEG form. Some of the most expensive NFTs sold to date come from collections Bored Ape Yacht Club (BAYC) and CryptoPunks – two of the most successful brands in the NFT market.
Notably, celebrities and influencers got in on the action, with some even launching their own collections, further boosting the perceived value of NFTs and the growth of this industry.
So, which NFTs have sold for tens of millions of dollars, and what made them so valuable in the eyes of the collectors?
Here are the 5 most expensive NFTs in the world
The Merge – $92 million
NFT merge currently tops the list of the most expensive NFTs sold to date. The dynamic artwork was created by an anonymous digital artist known as package.
It was sold for $91.8 million on December 6, 2021. The Merge was a unique piece of art consisting of a global collection that users could purchase. As a split coin, that means it was made up of 312,686 coins which were distributed to 28,983 buyers. At the end of the sale, The Merge had generated $91.8 million, dethroning The First 5000 Days from Beeple to become the most expensive NFT sold to date.
The First 5000 Days – $69 million
Before The Merge will not be sold in December 2021, Everydays: The First 5000 Days held the record for selling the most expensive NFT for ten consecutive months. The artwork was created by artist Michael Winkelmann, also known as Beeple.
Beeple is a famous digital artist in the crypto art community, as his work Crossroads ended up being a six-figure sale. The work was sold at an auction at Christie’s on February 21, 2021, for US$69 million. The initial bid from traditional customers for the artwork was $100.
Clock – $53 million
NFT Clock was created by package and Julian Assange. This is an efficient NFT that acts as a clock and counts the number of days of imprisonment of Assange, the founder of WikiLeaks.
This piece was created to help raise funds for Assange’s legal defense. It was bought by AssangeDAO, a group of people who pooled their money to buy the NFT.
Human One – $29 million
HumanOne is another NFT artwork made by Beeple that sold for nearly $29 million. It is a dynamic, life-generating sculpture in which an astronaut walks through changing environments. She was bought by Ryan Zurrer.
Beeple described the artwork as “the first portrait of a human born in the metaverse”. Moreover, the artist promised to update the work throughout his life so that it never remains static. This means that although it was sold to Zurrer, Beeple still has remote access to the physical piece of artwork to enable updates.
CryptoPunk #5822 – $24 Million
CryptoPunk number 5822 remains the most expensive CryptoPunk character sold to date. The character was purchased by the CEO of chain, Deepak Thapliyalfor $23.7 million on February 12, 2022.
The CryptoPunk series of NFTs has been the most expensive since launch, with a trading volume of over $9 billion. CryptoPunk character #5822 depicts a blue alien wearing a bandana, and it is reported that the original owner purchased the artwork for less than 1 ETH (approximately $2,000 at the time of writing).
Will the craze for NFTs run out of steam in 2022 or on the contrary go to new heights? Anyway, know that there are much more affordable NFTs, for a few cents…
On the same subject: 5 completely crazy NFTs to know (or not…)! and How to sell an NFT in 5 steps
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