A growing number of crypto investors are investing in non-fungible tokens, such as music, images, collectibles, GIFs, and memes. They have also been purchasing various non-fungible assets, leading to a new kind of digital assets industry over the past few months.
There are more than $300 million in sales just in February, and the NFT marketplaces are certainly profiting on top of other people’s work. Even newer platforms are gaining traction from selling these NFTs.
But all of these sales make you wonder what are the most expensive NFTs on the market now? In this guide, we will make a list of the top 10 most expensive NFTs and explain why they are so expensive.
Beeple : $100 to $69.3 million “Everydays: the First 5000 Days.”
The artist known as Beeple’s work was not that well known before last year. However, this past year he sold one of the most expensive NFT works. The artwork was titled “Everydays: the First 5000 Days”. It was sold at Christie’s.
This piece was originally auctioned for $100, but rapidly rose in value, eventually being sold for $69.3 million. You may be thinking that was a lot of money for digital art. However, with the technological revolution, surely we will soon choose to purchase digital art instead of physical art.
Beeple started making digital arts in May 2007, and he has not missed even one day since then. Therefore, this compilation varies a lot in style, contents, and mediums.
Some of the very first ones weren’t up to the mark, and yet, their value increased tremendously as a collective. This is one of the most expensive NFTs ever sold. This will surely be one of the most valuable non-fungible tokens of 2021.
There are only 10,000 CryptoPunks in store. And among these 10,000, only 9 are Aliens. Meaning this CryptoPunk is one of the rarest among the others. It follows the ERC-20 token standard, so it makes it one of the rarest tokens.
There are only 406 punks who have this accessory, and it only comes with a single accessory, which is also uncommon. In fact, only 333 punks have one accessory, making it extremely rare, which is why it was sold at a price of $7.58 million.
One Hundredth Stream
Musicians most actively embracing NFTs thus far belong to the fervent crypto community. But many others have been experimenting with the format. Last year, Deadmau5 began selling NFTs for virtual stickers.
Kings of Leon, Linkin Park’s Mike Shinoda, and Shawn Mendes, as well as Portugal. the Man, have jumped on the cryptocurrency bandwagon. Disclosure debuted a song on Twitch this week and sold it as an NFT.
NFT was tested further when Canadian electronic music producer Jacques Greene auctioned a new single’s publishing rights via the platform.
Drop with Bitski
On Tuesday, a Michigan-based landscape photographer, Bryan Minear, decided to drop five photos with Bitski ranging from $200 to $2,500. The sale was fast and almost all the artwork was sold out within 10 minutes.
It’s not a lot of money, but at the same time, when you spend so long just creating for the love of it, and then you finally have that moment of validation where somebody loves your work so much they’re willing to pay for it, it’s kind of extraordinary.”
Minear said the reason he embraced NFTs was since he realized cryptocurrency would be around for a long time – despite speculation that the NFT market is a bubble that could burst.
The blockchain is not seen by him as something that will eliminate copyright, nor is it a tool to police where his work appears online, but rather as a means to reach a new audience of people passionate about digital art and willing to pay for it.
Dinch explained that the reason for this is you can monetize yourself more easily. “There’s a market for photography, but with the proliferation of things like Instagram, where a lot of photographers are putting out incredible content, but not being able to convert that into paying rent.”
Over the past few months, the NFT marketplace has been booming, and 2021 is definitely the year of Nexus – just after the year started, NFTs started going for millions. It might sound crazy to some people, but these tokens fit perfectly in this digital age.
It’s not too late to try your luck now that you know the most expensive NFTs on the market. However, do remember that these tokens are powered by blockchain technology, so now is a good time to learn more about it. We suggest starting with our blockchain course to learn more.