The 10 Most Expensive NFTs Ever Sold

NFT

Non-fungible tokens (NFTs) are one of the most exciting aspects of the blockchain industry. With unique item ownership, NFTs can be combined with digital collectibles and traded on exchanges just like stocks and shares.

In the world of non-fungible tokens (NFTs), there are a few that stand out from the rest in regard to their price. While this list changes often, due to the ever-growing and fluctuating NFT market, here is a look at 10 of the most expensive NFTs that have ever been sold.

Whether it’s because they are rare, unique, or simply have a lot of demand behind them, these 10 NFTs represent some of the most valuable digital assets in existence. So if you’re looking for inspiration on what kind of NFT to create and sell yourself, you will find some examples in this article.

What is An NFT?

what is nft art

Using the blockchain, non-fungible tokens (NFTs) represent unique assets, such as art, music, real estate, or documents. NFTs possess unique digital identifiers, which makes them non-fungible.

It does not matter how similar two NFTs seem, they cannot be interchangeable. Consequently, while a bitcoin can be traded for another bitcoin, an NFT cannot. This is why NFT technology is used to provide blockchain proof of ownership and authenticity. In addition to entire digital assets, NFTs can also be tokenized versions of real-world assets such as play-to-earn gaming items and metaverse land.

What Gives Them Value?

One of the most common questions asked about NFTs is “What gives them value?” The answer is both complicated and still being sorted out. In general, though, there are a few key factors that contribute to an NFT’s value:

1. The item or service being represented: Just like with any other asset, the value of an NFT is typically based on what it represents. For example, digital artwork may be worth more than a website domain because it is seen as more valuable or rare.

2. The creator: The value of an NFT can also be influenced by who created it. For example, an NFT created by a well-known artist may be worth more than one created by a lesser-known artist.

3. The market: Like any other asset, the value of an NFT is also influenced by supply and demand in the market. If there are more buyers than sellers, the price of an NFT will go up. Conversely, if there are more sellers than buyers, the price will go down.

4. The technology: The value of an NFT can also be affected by the underlying blockchain technology. For example, an NFT created on a new, experimental blockchain may be worth more than one created on a more established blockchain because it is seen as riskier and thus more valuable.

Top 10 most expensive NFTs sold:

1. ‘The Merge’ — $91.8m

2. The First 5000 Days — $69.3m

3. Clock — $52.7m

4. HUMAN ONE — $28.985

5. CryptoPunk #5822 — $23.7m

6. CryptoPunk #7523 — $11.75m

7. CryptoPunk #4156 — $10.26m

8. CryptoPunk #3100 — $7.67m

9. CryptoPunk #7804 — $7.6m

10. Crossroad — $6.6m

List of 10 most expensive NFTs sold

As the world of Non-Fungible Tokens (NFTs) continues to grow, so does the value of these digital assets. :Here are 10 of the most expensive NFTs ever sold:

Digital Artist Pak’s work: The Merge. Image: Nifty Gateway

1. ‘The Merge’ — $91.8m

It is the most expensive NFT ever sold and has been created by artist Pak. Despite the fact that the artists have never revealed their actual identity, they are extremely influential in the digital art space.

Rather than a static work of art, The Merge is a mash-up of masses that anyone can own. In its beginnings, the NFT consisted of three large dots on a black background. Over time, as more buyers poured into the market, the dots grew larger.

Beeple’s collage, Everydays: The First 5000 Days, sold at Christie’s. Image: Beeple

2. The First 5000 Days — $69.3m

The First 5000 Days is a digital artwork by the artist Beeple. The piece is a collage of 5,000 unique images, each one representing a day in the artist’s life. The work was sold as an NFT in February 2021 for $69.3 million, making it the second-most expensive work of art ever sold, and the most expensive piece of digital art ever sold.

Digital Artist Pak’s work: Clock. Image: Censored.art

3.Clock — $52.7m

It’s almost like a clock, each day the WikiLeaks founder has been imprisoned is recorded in this piece by Pak and Julian.

AssangeDAO bought the NFT ultimately, raising over 10,000 dollars by pooling people’s money to support Assange and raise funds for his legal defense.

Beeple: Coutesy of the Artist and Christie’s “Human one” Image: Beeple

4. HUMAN ONE — $28.9m

Human One, designed by Beeple, is a hybrid piece of art with both digital and physical components. A peculiar feature of its artwork is that it is constantly evolving. The artwork is updated periodically by Beeple via remote access.

In the NFT, an astronaut is shown humming along to the sounds of changing backgrounds over time. The appearance of NFTs can be influenced by experiments that fuse different TVs into different shapes and patterns.

Cryptopunk #5822. Image: Larva Labs

5.  CryptoPunk #5822  — $23.7m

A CryptoPunk #5822 racked up an astronomical $23m price tag, making it the most expensive CryptoPunk to ever sell. The NFT also saw a significant increase in listings and bids. The token has been auctioned multiple times for over 1000 ETH (*$3m). Its owner has denied all of these bids. Aside from that, the owner, 0xDeepak, has listed it several times for tens of thousands of ETH. So far, none of those listings have been successful. A few days ago NFT was transferred to an unidentified wallet named 7DDFFB, which has since not been listed.

Cryptopunk #7523. Image: Larva Labs

6. CryptoPunk #7523 — $11.7 million

CryptoPunk #7523 also features a variety of rare features, like other expensive NFTs in the series. In addition, it is part of the Alien collection. One of the unique characteristics of CryptoPunk #7523 is that it possesses three attributes shared by only 24% of the collection, as well as an earring that is found only in 25% of the collection.

The knitted cap and medical mask are among the other rare features of this collection. Its price of $11.7 million is still staggering even when these rarities are taken into account.

Cryptopunk #4156. Image: Larva Labs

7. CryptoPunk #4156 – $10.26 million

It was also among the CryptoPunk collection that included the seventh-most expensive NFT ever sold. The number 4156 was sold for 2500 ETH four months ago, equaling $10.26m at the time. Cryptopunk #4156 has sold multiple times throughout its lifespan, unlike our previous CryptoPunks. There was a sale for 650 ETH just a little over a year ago, although the seller probably regrets selling at such a low price. In the past, it had been sold for 3.29 ETH over 4 years ago, just months after the coin was mined.

Due to the rarity traits of this CryptoPunk, we can understand its high value. For example, it has Ape skin and Bandana properties. Bandanas and Ape Skin make up 0.24% of the collection. With this attribute, Ape skins are the second most rare skins after Alien skins. 2% of the collection also possess this attribute. Unlike aliens, though, this skin is considerably less rare. When the value reaches a certain point, however, investors appear to be more concerned with how the art looks and less focused on how rare it is.

Cryptopunk #3100. Image: Larva Labs

8. CryptoPunk #3100 — $7.67m

CryptoPunk #3100 sold for 4200 ETH at the time, equal to $7.67m dollars at the time, eclipsing the previous highest priced NFT from the collection. Since it was minted 5 years ago, #3100 has only been available for sale at this monster sale.

This skin is also one of the few that have the Alien skin, as only 0.09% of the collection has it. The value of this skin could be attributed to this differentiation. There is a headband on it as well, which is only found in 4% of the collection. There is one attribute in it that is unique to the collection, and only 2% of the set has it. This NFT’s value is high because of these high rarity traits combined.

Cryptopunk #7804. Image: Larva Labs

9. CryptoPunk #7804 — $7.57 million

It is part of the CryptoPunk collection, making it the ninth most expensive NFT ever sold. A collection of 10,000 unique characters saved on Ethereum’s blockchain constitutes the CryptoPunk project. They are highly prized because no two CryptoPunks are alike. For those who had an Ethereum wallet, CryptoPunks were initially free to mint.

It has a cool cap, pipe, and shades and is one of just nine ‘Alien’ CryptoPunks. If you had been minted one of these when it first launched, you would have been delighted.

Beeple: CROSSROAD” Image: Beeple/NIFTY GATEWAY

10. Beeple’s Crossroad — $6.6m

Beeple’s NFT Crossroads, which was sold via Nifty Gateway, was a response to the upcoming US presidential election. As a symbol of the former president’s disappointment after losing the election, the piece depicts a despondent figure lying on the ground. In addition to the triumphant Trump video, there were two solemn ones that were displayed at Crossroads. It was up to the results of the election to determine what would eventually play.

Chamrori Edison Club NFT

Final Verdict

NFTs are quickly becoming a hot commodity in the art world, with prices reaching millions of dollars. It’s still early days for the world of NFTs, and we can only imagine what the future holds. For now, these are the 10 most expensive NFTs that have been sold. As the market continues to grow, we’re sure that we’ll see even more jaw-dropping prices in the future.

 

Summary
The 10 Most Expensive NFTs Ever Sold
Article Name
The 10 Most Expensive NFTs Ever Sold
Description
The 10 Most Expensive NFTs Ever Sold: List of 10 most expensive NFTs sold
Author
Publisher Name
Luckmon
Publisher Logo