It is very hard if not impossible to imagine the modern world without non-fungible tokens (NFTs). Moreover, they are turning out to be a treasure store with prices striding into millions of dollars.
Last year, an NFT by digital artist Beeple, or Mike Winkelmann, sold for a whopping $69 million, making non-fungible tokens a media hotshot and opening the floodgates for a string of other NFT sales.
Non-fungible tokens attracted the attention of investors, artists, and collectors. There are many expensive NFTs, so let’s focus on some of the most expensive NFTs.
We can start with the Ocean Front. Aimed at climate change, it depicts a tree atop trailers as well as shipping containers stationed on a platform. Captioned “together we can solve this”, the Ocean Front was auctioned for charity, and the beneficiary was the Open Earth Foundation, a non-profit organization.
One of the most expensive non-fungible tokens sold, the Ocean Front, started bidding at $2.77 million. Justin Sun bought the Ocean Front.
Another very expensive NFT XCOPY’s NFT Right-Click and Save As Guy. Snoop Dogg bought it for $7.08 million.
Right-Click and Save As Guy was created as a satire of people who don’t recognize the worth of crypto art. More importantly, it serves as a reminder that it is the receipts associated with the art that can’t be copied, thanks to blockchain technology and not the image itself.
CryptoPunks represent a collection of 10,000 unique characters hosted on the Ethereum blockchain. For example, CryptoPunk #7804 stands out for having some rare traits across the whole collection.
Similar to other expensive NFTs in the series, CryptoPunk #7523 has a gamut of rare features as well. CryptoPunk #7804 is a component of the Alien sub-collection. It stands out with three attributes possessed by 24% of the collection and an earring, which is only in 25% of the collection. Its price is $7.84 million.
CryptoPunk #7523’s other rare features include a knitted cap, while the medical mask is shared by only 2% of the collection. However, even with these rarities taken into account, the price of $11.7 million that it fetched is spectacular.
Non-fungible tokens and new opportunities
Human One is an NFT designed by Beeple. It is a digital and physical hybrid piece of artwork. An interesting fact about Human One is that its artwork keeps changing over time. Digital artist Beeple or Mike Winkelmann retains remote access to the artwork and updates it periodically.
Human One showcases an astronaut strolling through the different backgrounds that change over time.
As previously mentioned, there are many expensive non-fungible tokens. However, one of the most expensive NFTs is Beeple’s other creation.
Everydays: the first of 5,000 days is a massive selection of 5,000 pieces of artwork that differs in terms of content, medium, as well as style, that Mike Winkelmann made every day starting in 2007. As of May 2022, it has been the most expensive college of NFT art pieces ever sold to one sole owner. The owner paid $69.3 million.
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