Non-fungible Tokens, or NFTs, are becoming more popular as investors and collectors try to cash in on the newest blockchain craze — and some of the amounts being paid for them are ridiculous.
Throughout 2022, NFTs will continue to increase in popularity, with millions of dollars in art collections being sold as digital jpegs, and some of the world’s greatest influencers and celebrities becoming involved with their own works, such as NELK’s Full Send Metacard.
Artists like Beeple and Pak have sold their pieces for tens of millions of dollars, and collections like the Bored Ape Yacht Club and CryptoPunks have become some of the most expensive pieces of art you can purchase.
Which ones, however, are the most expensive? Let’s have a look at what we’ve got.
5. CryptoPunk #5822 — $23.7m
4. Beeple’s HUMAN ONE — $28.985
Beeple has sold some of the most valuable NFTs ever, with three pieces ranking in the top ten.
According to a Christie’s interview, HUMAN ONE sold for just under $30 million on November 9, 2021, and is closely related to his earlier work ‘Everydays.’
3. Clock — $52.7m
‘Clock,’ a collaboration between Pak and Julian Assange, virtually functions as a clock, recording the days that WikiLeaks founder Assange has been detained.
The NFT’s objective was to gather money for Assange’s legal defense, and it was eventually acquired by AssangeDAO, a group of over 10,000 people who pooled their money to buy the NFT and support Assange.
2. Everydays: the First 5000 Days — $69.3m
Another Beeple piece, this time the most costly NFT ever sold to a single owner – and there’s a reason for it.
Beeple’s work is so high-quality and well-liked in the community that this project is effectively a collage of 5000 of his paintings. He made a commitment to make one piece of art every day starting in 2007, and here is the outcome. Needless to say, the work was well worth it.
1. Pak’s ‘The Merge’ — $91.8m
On December 2, 2021, another Pak work, The Merge, became the most expensive NFT ever sold, with nearly 30,000 collectors paying in for a total of $91.8 million.
Apart from Clock, this is the only NFT on our top 10 list with many owners, as seen by the exorbitant price tag.
There’s no denying that NFTs are becoming more and more popular with time, but it raises the question: what is the price ceiling for NFTs?
Needless to say, if you put your money into the ideal projects and wait long enough, you may end up with a tidy little fortune.