In 2021, NFTs experienced exponential growth as tens of thousands of investors flocked to collect digital art in various forms. The booming market with consolidated value running in in the billions of dollars, Non-fungible token sector was flourishing at the epoch.
The possibilities for what can be transformed into an NFT are essentially endless, and include everything from abstract digital art to music, sports memorabilia, film clips, and even real estate and some even generated record-breaking prices.
Let us have a look at some of the most expensive NFTs that have been sold.
1. The Merge
With a whooping sale price of $91.8 million, `The Merge’ is the most expensive NFT ever sold. It was not sold as a single piece but as fragmented art. This art by Digital Artist Pak was sold on December 2, 2021, with 28,983 collectors pitching 312,686 total pieces of this NFT. Digital artist, cryptocurrency investor, and programmer Pak, formerly known as Murat Pak, has been at the forefront of digital art and crypto media for over 10 years. His identity is unclear, and some have speculated that he may be part of a team.
2. Everydays: The First 5000 Days
The second most expensive NFT is an artwork by Beeple that was sold for $69.3 million on March 11, 2021. The work is a collage of 5000 digital images created by Mike Winkelmann famously Known as Beeple for his Everydays series, which he pledged to create every day since 2007. Beeple, is an American digital artist, graphic designer, and animator known for selling NFTs. In his art, he uses various mediums to create comical, fictional works that make political and social commentary while using pop culture figures as references. British auction house Christie’s has called him “A visionary digital artist at the forefront of NFTs”. Beeple was introduced to NFTs in October 2020.
3. Clock
The Clock NFT was sold at $52.7 million on February 9, 2022. It is a piece created by Pak and Julian Assange and acts literally as a clock, counting the days that WikiLeaks founder Assange has been imprisoned. The goal of the NFT was to raise funds for Assange’s legal defense. However, it was ultimately purchased by AssangeDAO, a group of over 10,000 people who pooled their money to purchase the NFT in support of Assange.
4. Beeple’s HUMAN ONE
Sold at a price of $28.985 million on November 9, 2021, Beeple’s HUMANE ONE is one of the most expensive NFTs ever sold online. Humane One is a sculpture which is a generative work of art, a dynamically changing hybrid physical and digital piece, which Mike Winkelmann (aka Beeple) intends to seamlessly add and evolve creatively over the course of his lifetime.
5. CryptoPunk #5822
At number 5 is an Alien style CryptoPunk art piece that is pixelated in nature. Published by LarvaLabs, this CryptoPunk NFT sold for $23.7 million on February 12, 2022.
This is the highest amount ever paid for the CryptoPunk series NFT, which consists of a total of nine NFTs out of which some more have been sold for over $11 million.
The uniqueness of this NFT is that No two CryptoPunks are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain.
Conclusion
There are many reasons why we didn’t include any of the NFTs from 2022 in this list of the Most Expensive NFTs as you may be wondering.
The NFT market was severely damaged by everything from the Crypto Winter to the Terra Luna collapse to the most recent FTX collapse, which prevented 2022 from setting new sales records.
Let’s hope NFTs regain their splendour in 2023.
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