The following will detail the top 10 most costly NFTs on the market and help you understand why these NFTs are valuables.
The crypto community is more than willing to invest in NFTs such as unique digital assets, music, photos, collectibles, GIFs, or Memes. More so, people are voraciously purchasing numerous non-fungible tokens establishing a new sort of digital assets business from the previous few months.
Only in February, there are more than $300 million in sales, and the NFT marketplaces are undoubtedly generating a tremendous profit on top of other people’s work. Even newer platforms are getting significant momentum from selling these NFTs.
But all of these sales make you question what is the most costly NFTs on the market now? This article will compile a list of the top 10 most costly NFTs and help you understand why they have a high price.
What Are Non-Fungible Tokens?
Let’s look at some of the most costly non-fungible tokens first before going on to the top 10. Non-fungible tokens are those that are one-of-a-kind in the digital world. From a little audio sample to a picture or video game, they may be any media. You can’t swap one for another as you can with other cryptos. Therefore they’re a type of collectibles rather than a form of currency.
For example, there is only one legitimate painting of the Mona Lisa in the world, and it is the only one in existence. As a result, you can understand why this picture is expected to be valuable in the future. No matter how many photos or replicas your purchase, you won’t be getting the real thing.
The 10 Most Expensive NFTs
1. Everydays: the First 5000 Days – $69.3 million
The musician known as Beeple wasn’t as popular as you may think prior to last year. However, the artwork that he sold in 2021 was one of the most valuable pieces of NFT art ever. “Everydays: the First 5000 Days” is the title of the piece of art. What’s more, this sale was held at Christie’s, a prestigious auction house.
The starting offer was $100, but the bidding quickly rose to $69.3 million when it was all said and done. If you think that’s a lot of money for some digital art, you’re right. The transition from physical to digital paintings will be quick, given the current state of technology.
In any case, Beeple’s initial 5000 digital artworks were used to create this piece. Beeple had never missed a day since May 2007 when he began doing digital art. Therefore, a wide range of styles, content, and mediums are included in the collection. Some of the very earliest ones were unquestionably subpar, yet, the aggregate worth skyrockets. Thus, it is one of the most costly NFTs ever sold at this point in history. In 2021, this will undoubtedly be a lucrative non-fungible token.
2. CryptoPunk #3100 – $7.58 Million
To put it simply, CryptoPunks is a new kind of NFT-related innovation. In fact, they are some of the earliest NFTs ever made, and today many of them are selling for millions of dollars! Our list includes the second most costly NFT ever sold: CryptoPunk #3100.
CryptoPunks are very uncommon, and this particular one is one of a group of nine Aliens that has one. You see, there are only 10,000 punks available at CryptoPunks. Only nine of them are aliens. So, as you can see, these nine are some of the unique collections. As an ERC-20 token, they adhere to the ERC specifications.
The character comes with an accessory and has a blue-greenish skin tone. There are only 406 punks in the world that own this particular headband. It’s even more unusual since it only comes with one attachment, and there are only 333 punks that have one. It is quite unusual based on the kind of punk, the number of accessories, and the number of accessories this punk has. Because of this, it was sold for $7.58 million at auction.
3. CryptoPunk #7804 – $7.57 Million
Our top 10 most expensive NFTs list includes again another CryptoPunk, this one with a price tag of $7.57 million. Another Alien, with three accouterments, is the Punk #7804. In addition, a Pipe, Small Shades, and a Cap Forward are included in the set. As far as we know, there are only 254 punks who arrive in a Cap Forward and 378 punks who come in Pipes. However, the premium is mostly due to the scarcity of Alien punks.
When the firm originally began giving out 10,000 CryptoPunks, Dylan Field was the first to bring back the punk. The truth is, he’s the founder and CEO of a digital start-up called Figma. But why did he purchase that punk? As a result, he acquired this Ethereum-based NFT back in 2018.
4. Crossroads – $6.6 Million
Crossroads is one of the most costly NFTs we’ve seen so far. ‘Just a few days before the big sale of Everydays, Beeple sold another piece of art. In addition, this item was sold at Nifty Gateway by the artist. This is not a collection like Everydays, but a single piece of art. As a result, the appraisal of this artwork makes it even more costly.
As a result of the 2020 presidential election, the artwork is a political risk. The artist designed two versions of this – one for if Trump would win and the other for if Trump would lose. The video would also alter depending on the result of the election.
Tokens may be categorized as either fungible or non-fungible. Here’s a breakdown of the distinctions between fungible and non-fungible tokens.
5. The first Tweet – $2.9 Million
Our ranking of the most expensive NFTs in 2021 includes the initial tweet. When Twitter was originally launched in 2006, CEO and co-founder Jack Dorsey sent out the first tweet. It stated, “I’m simply putting up my Twitter.” It went on to fetch $2.9 million when he sold it as an NFT in the future. It’s hardly surprising, given Twitter’s enormous popularity, that the very first tweet would get so much attention. This is a whole new kind of asset tokenization.
most expensive nft
Sina Estav, Oracle’s CEO, says this tweet is as significant as the purchase of the Mona Lisa. In addition, the CEO of Valuables, an online auction site, sold this tweet on Valuables. The platform stipulates that a 5% portion of the sale price will be taken. However, Sina now owns that piece of content, even though it will remain online.
6. CryptoPunk #6965 – $1.54 Million
Our list of the most expensive NFTs in 2021 features another punk. Earlier, we said that each CryptoPunk has its distinct features. As a result, this punk isn’t much different. The Ape species are represented here by CryptoPunk #6965. In addition, a Fedora distribution is included. Moreover, there are just 186 Fedora-wearing punks and only 24 Chimp punks. As a result, it’s worth $1,54 million! This is an ERC-20-like coin, not an ERC-721 one.
7. Axie Infinity Genesis Land – $1.5 Million
If you play virtual games, you know how expensive in-game stuff may be. Axie Infinity, an Ethereum-based virtual game, may be the next step in the genre’s evolution. As a result of its rarity, Genesis Land has a hefty price tag in the game. However, a community member recently paid $1.5 million for nine Genesis blocks! Thus making it one of the most costly NFTs in 2021.
It was valued at 888.25 Ether at the time of the sale, but the price of Ether has risen significantly over the last several months.
8. CryptoPunk #4156 – $1.25 Million
The most expensive NFT ever sold is CryptoPunk #4156, next on our list. Yes, another more CryptoPunk has made it into our list. It’s Ape punk again, but it comes with a blue bandana as an accessory this time. Only 481 of the 10,000 punks had this characteristic. The Ethereum address 0xf476cd has paid $1.25 million for it. You’ll need Ethereum Gas if you want to acquire CryptoPunks, so keep that in mind if you’re planning to invest in them.
9. Not Forgotten, But Gone – $1 Million
Do you want to spend millions on a revolving gummy bear video clip? This is exactly what occurred with Nifty Gateway NFT sales. This piece was created by an artist named WhIsBe. He seems to use a variety of gummy bears in a variety of unique shapes. It is a 16-second film of a revolving golden gummy bear skeleton titled “Not Forgotten, But Gone.” This artwork was sold for $1 million by the artist.
10. Metarift- $904.41K
No one knows who created this piece. Thus it’s a Satoshi issue once again. Pak is the pseudonym used by the artist, although no one knows who he or she really is. The sculpture sold for $904.41K because of the cryptic nature of the work by Pak, a well-known artist in the digital art community. The NFT artwork comprises several spherical objects that rotate in different directions, clustered together. This is not the sole use case for NFTs; it is not restricted to painting!
Numerous NFTs began selling for millions of dollars as soon as 2021 began. Even though some people find it strange, NFTs are a great match for the digital revolution that we’re now experiencing.
You may also try your luck now that you know the most costly NFTs. Remember that these currencies are driven by blockchain technology; therefore, now is the time to learn more about this technology.