People are crazy about non-fungible tokens, so some of these one-of-a-kind works of art have sold for millions (NFTs). Here is a list of the most expensive NFTs ever bought. Its purpose is to give potential investors, traders, and artists an idea of how much money they could make if they made their own NFTs. Buy and sell bitcoin using meta-profit.app for competitive market rates.
Since last year, more people, including celebrities, artists, and people who want to invest, have joined the NFT ecosystem. Because of this, the market has shown numbers in the last two years that are hard to believe. DappRadar says that non-fungible tokens (NFTs) sales skyrocketed to over $10.7 billion in the third quarter of 2021. Compared to the numbers from the last quarter, that is a massive jump of 704%.
What were some of the most expensive NFTs that were ever bought?
NFTs can speak for themselves because there is more and more demand for them. People have learned much more about them over the past year, leading to some of the best NFTs being made.
While we look at some of the most well-known and expensive NFTs, let’s get a better idea of how the value of any given NFT is determined. When a piece of art is sold as a token that doesn’t do anything, its price is mainly based on how useful, real, and rare it is. The first Tweet is a good example of something valuable because it does not happen often.
The first token on our list that can’t be used to buy other things is numbered 2338 and comes from CryptoPunk. In 2017, the Larva Labs Studio made the first version of CryptoPunk to give you an idea of how things work.
The subculture and environment around London’s punk movement give crypto punks ideas. 10,000 different CryptoPunks exist. There are 6,039 men and 3,840 women among those people. Each CryptoPunk is different; one reason why they are some of the NFTs that sell for the most money.
- Stay Free
Stay Free is one of the most valuable and hard-to-find non-fungible tokens (NFTs) that has ever been sold.
In April 2021, Edward Snowden, who used to work for the NSA and leaked information about the agency, joined the NFT. This caused the Stay Free NFT to be made. The Stay Free National Freedom Trust has the full ruling from 2015 by the Second Circuit Court of Appeals in ACLU v. Clapper, which said that the National Security Agency’s monitoring activities broke the law.
This one-of-a-kind piece of art was made by the artist Stay Free. It shows Snowden next to the hearing transcript; his signature is in the bottom right corner. In the end, Snowden got $5.27 million for the piece of art. He gave the money from the sale to the Freedom of the Press Foundation, a charity supporting free speech and press freedom worldwide. The software used to make it is free for anyone to download.
- Save Thousands of Lives
Save Thousands of Lives is a piece of art that can’t be exchanged for anything else. It was made by a group called Noora Health. It came out on May 8, 2021, and will go on sale on the same day.
The programmer Paul Graham bought this piece of art at a charity auction. This piece of art was made to help pay for Noora Health’s work to teach new mothers in South Asia how to care for their babies when they get home from the hospital.
This work of art cost $5.1 million, which is the same as buying 1,337 ETH. This helped save lives, but it cost $1,235 for each one.
- World Wide Web Source Code
Sir Tim Berners Lee, who made both the World Wide Web and the NFT, decided to sell an NFT that included the first version of the web’s source code. He also chose to find out more about the NFT ecosystem. It is a creative way to look at the website’s source code, which was put together as an NFT.
The piece of art, called “This Changes Everything,” was auctioned at Sotheby’s, where art experts criticized it. A lot of people said they were worried that this would make the web less decentralized.
Even though this happened, everything went as planned, and $5.4 million was made. It’s interesting to know that a few days after the auction, a coding error was found in the artwork that had been sold.
- Ocean Front Property
Mike Winkelmann, better known by his artist moniker Beeple, is a graphic designer and NFT artist. To raise awareness about the effects of climate change, Ocean Front displays a tree perched on freight containers and located amid the ocean. How Ocean Front draws attention to a genuine contemporary societal issue is why it is regarded as one of the most successful NFTs.