The Top 10 Most Expensive NFTs
In 2015, NFTs entered the market, igniting the beginnings of Web 3 activity. Even though NFTs have been around for a while, their genuine popularity started in 2021. A non-Fungible Token is referred to as NFT. They are essentially digital coins traded on markets and kept on blockchains, usually representing works of art.
We’ll examine the top 10 most costly tokens and discuss a brand-new, rapidly expanding NFT that might eventually provide excellent returns for early investors. Now make money with NFTs We’ll also demonstrate how to purchase NFTs. So let’s get started right away!
The 10 Most Expensive NFTs Ever Sold
As was already indicated, given their rapid rise to fame, certain NFTs sell for hundreds or even millions of dollars. The project’s hype and supportive community are the leading causes of this.
Before letting investors buy a certain number of their tokens, most projects establish a community on social media and Discord. The fundamental forces of supply and demand come into play when initiatives can attract a lot of interest, and the price rises as a result. Projects that can complete this phase frequently experience enormous returns on investment, bringing in sizable sums from early backers.
1. The Merge
The Merge by Pak was the most costly NFT ever sold. For a work of art sold in public by a living artist, the $91.8 million price tag set a record. Twenty-eight thousand eight hundred ninety-three collectors bought 312,686 units of mass when the NFT was offered for sale on Nifty Gateway (single NFTs). The initial cost of these items was $575, which grew by $25 every six hours.
The NFT comprises three sizable white masses (dots) against a dark background. As more mass consumers gathered, their bulk would grow. The NFT features a built-in mechanism for scarcity that ensures the token supply is reduced over time. Each Merge token that is transmitted merges with the receiving wallet’s token, creating a single token with a larger mass value. This may eventually reduce to a single ultimate mass.
NFT holders can follow the mass purchases other collectors make on a built-in leaderboard. The leaderboard’s top 100 and top five finishers will be awarded in different style classes. The Alpha class, given to the best collector, is the greatest class that may be obtained. The NFT’s dynamic arrangement significantly distinguishes it from other collections and is a significant factor in why it sold for such a high price. Given that the money was obtained from around 30,000 investors rather than just one, there is significant debate about whether this is the most costly NFT ever to sell.
2. The First 5000 Days
Another one of Beeples’ top-grossing NFT ventures is The First 5000 Days. For his Everyday series, Beeples assembled a collage out of 5000 different NFTs. Christie auctioned it off in 2021 for an astounding $69 million (42.329 ETH).
The NFT was sold to Singapore-based programmer Vignesh Sundaresan, who mostly gained money through cryptocurrency investments. He founded the Metapurse NFT project, also known online as MetaKovan. This is the most expensive NFT ever offered to an individual investor.
The third most expensive NFT ever sold has a somewhat unusual history. It was established to generate money for Julian Assange’s defence after his contentious detention in May 2019. Assange is now incarcerated on suspicion of spying for the US Government, primarily for his involvement with the website he founded, WikiLeaks. The NFT is a clock that counts the days since Assange was taken into custody.
More than 10,000 donors, each of whom owns a share in the NFT, contributed the staggering $56 million. The Wau Holland Foundation, in favour of Assange’s defence, received 100% of the funds.
4. HUMAN ONE
A digital/physical hybrid work of art created by Beeple is called Human One. When it was put up for auction as a part of Christie’s 21st Century Evening Sale on November 9, 2021, it brought in a record $28.9 million.
The exciting part about this NFT is how the visuals evolve. Even though Beeple doesn’t own the artwork, he still has remote access and can regularly edit it. The NFT shows an astronaut moving over many backdrops that, as already noted, vary throughout time.
The highest-priced CryptoPunk ever sold, CryptoPunk #5822, commanded a staggering $23 million price. Additionally, the NFT has seen a tonne of listing and bidding activity. Multiple bids totalling more than 1000 ETH (or almost $3 million) have existed throughout the token’s existence. But the owner has consistently rejected each of these. Its owner, 0xDeepak, has also repeatedly listed it for tens of thousands of ETH. These listings, however, have yet to materialise. The NFT’s owner last recorded it 19 days ago when they transferred it to an unknown wallet with the code 7DDFFB.
If we consider the NFT’s rarity, it simply possesses one characteristic. It is uncommon because only 2% of the collection includes only one attribute. Furthermore, just 5% of the collection’s bandanas are sold. The Alien skin, the rarest one to possess (0.09% probability), is comprised of #5822, as was previously revealed. The insanely high price of this CryptoPunk is due to the abundance of uncommon features.
The second-most expensive CryptoPunk NFT ever sold is CryptoPunk #7523. Amazingly, it went for $11.75 million! Furthermore, a wallet placed a bid of 20,400 ETH, or around $65 million, more than four months ago. Before it could be approved, the bid was withdrawn. Among the other significant offers was Pranksy, a well-known NFT collector, who offered 800ETH, or around $1.5 million, in his bid. But this offer was also rejected. These significant bids demonstrate how highly the CryptoPunk collection is regarded.
Given its rarity, the NFT possesses a variety of unique qualities. The first speciality to note is that only 0.09% of other CryptoPunks share that it belongs to the Alien sub-collection. In addition to an earring, which only 25% of the collection has, it has three qualities, which only 24% of the group has. A knitted cap, which only 4% of the collection has, and a medical mask, which only 2% of the collection has, are the slightly more unique qualities. The profusion of rare qualities highlights the NFT’s scarcity.
The CryptoPunk collection included the fifth most expensive NFT ever sold. Four months ago, number 4156 was sold for 2500 ETH or $10.26m. In contrast to the first two CryptoPunks on our list, #4156 has been sold more than once. It sold for 650 ETH less than a year ago, but the seller probably hates themselves for doing so. Before this, it was sold for 3.29 ETH over 4 years ago, just a few months after it was created.
We can see why this CryptoPunk has created such high value by examining the NFT’s rare features. It has bandana-like characteristics and ape-like skin. Only 5% of the collection is bandana-adorned, and 0.24 per cent has ape skin. As a result, behind the Alien skin, the Ape trait is the second-rarest skin. Additionally, this one includes only 2% of the collection’s attributes. This NFT is less uncommon than its alien counterparts. But at a certain point, investors are more focused on the aesthetics of the artwork than its uniqueness of it.
When CryptoPunk #3100 sold for 4200 ETH, equivalent to $7.67 million at the time, it broke the previous record for the highest-priced NFT from the collection. Once more, since it was minted five years ago, #3100 has only ever been sold during this massive auction.
Additionally, it has Alien skin, which only 0.09% of the collection has. This is the primary driver of the token’s value. Additionally, just 4% of the collection’s items have a headband. Lastly, it only possesses one attribute, which just 2% of the collection does. Once again, the combination of these scarce qualities drives this NFT’s high worth.
The collection of CryptoPunk includes the tenth most expensive NFT ever sold. On the Ethereum blockchain, 10,000 distinct characters make up the CryptoPunk project. Because they are unique and highly sought-after, CryptoPunks, initially, anyone with an Ethereum wallet could mint CryptoPunks for free when they were first made available.
Some of the collection’s rarest features are present in CryptoPunk #7804. It has “Alien” Skin, which just 0.09% of the collections has. Additionally, just 3% of the collection has a Pipe. The Small Shades feature, which only 4% of the collection has, also contributes to the uniqueness. Finally, just 3% of the collection possesses the Cap Forward characteristic. Combining these characteristics makes CryptoPunk #7804 incredibly rare, and as a result, it has made it onto our list of the top 10 most costly NFTs.
10. Beeple’s Crossroad
The most expensive NFT ever sold at the time of its sale was “Crossroad” by renowned artist Beeple. It was sold on the NFT Exchange Nifty Gateway for $6.6 million. The image of a melancholy figure lying on the ground in the artwork symbolises Trump after he lost the 2020 presidential election to Joe Biden. The NFT had the remarkable feature of being sold before the election and changing according to the results.
Artist Beeple, who has won awards, has more than 1.8 million Instagram followers. Several well-known collaborations with companies like Nike, Louis Vuitton, and others have also been completed by him. beeple also designed our fourth-most expensive NFT, HUMAN ONE, demonstrating his influence in the field.
The NFT is a singular object. This sets it apart from other renowned collections like CryptoPunks and Bored Ape Yacht Club; the most expensive Bored Ape NFT sold for $2.3 million. Most likely, its high cost was due to its highly unusual nature. On Nifty Gateway, Beeple’s items are presently available for $63,000.
Overall, since 2020, the NFT market has expanded quickly. In this post, we examined some of the most costly selling NFTs on the market in further detail. The most popular project of all time, CryptoPunks, topped the list. Additionally, the musicians Pak and Beeple were included many times in our top 10, demonstrating their significance in the field.