Life-changing money: The 10 most expensive NFTs sold to date
When nonfungible tokens are raking in incredible prices, have a look at the 10 most expensive NFTs sold to date. Nonfungible tokens, or NFTs, are turning out to be a treasure store with prices striding into the millions of dollars. Instances of an NFT garnering more than $69 million or a tweet fetching $2.9 million are not a fantasy, but an incredible reality.In 2021, an NFT by digital artist Beeple, or Mike Winkelmann, sold for a whopping $69 million, making NFTs a media hotshot and opening the floodgates for a string of other NFT sales, many of these in millions of dollars. Prompted by....
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If there’s one thing that has overwhelmed the universe aside from cryptocurrency, it is definitely NFTs. The NFT craze between 2020 and 2021 alone was out of the ordinary, and to date, no one really knows what triggered the interest, but who cares now? Given the amount of money moving in and out of the market. To confirm this, NFT trading volume in Q3 increased by a whopping 704% from that recorded in the previous quarter. Digital creators, traders, and investors exchanged close to $10B in Q3 of 2021. That’s massive and an unthinkable figure. It’s no surprise considering....
NFTs have taken the creative world by storm. They are altering the way that artists and galleries authenticate original works of art. These tokens came to the spotlight in March 2021 when a digital art piece by Mike Winkelmann, alias Beeple, sold for a record-breaking $69.3 million at a Christie’s Online Auction. It not only became the third most expensive artwork ever sold by a live artist, but it also managed to become the costliest digital asset ever sold as an NFT. Even the Bored Ape Yacht Club (BAYC), a popular collection of 10,000 individual bored apes produced by Yuga Labs,....
NFTs are taking over the tech space, with all the news related to these game-changing elements of the blockchain universe constantly making headlines. And now, NFT Token, a new player, is giving others a run for their money by changing the game further. Launched only two weeks ago, this brand new NFT player is betting on […]
In order to sustain the growth of NFTs, it is important that new buyers aren’t deterred from purchasing NFTs due to high gas fees. Whether it’s baseball players or shiny Pokemon cards, collectibles have been a cultural mainstay in human behavior since the Renaissance. Memorabilia from famous films or items of clothing worn by a celebrity can be auctioned and sold for eye-watering amounts. Take the prototype Batmobile from the 1960s Batman TV show, it was sold for $4.2 million. With collectibles, the concept itself is simple: An item has value based on its scarcity. The less of it there is,....
Most of us have heard about Beeple’s Everydays: The first 5000 days selling for a whopping $69.3 Million dollars but most of us don’t realize the significance of that astronomical number. To put it into perspective, compared to traditional art, only 100 paintings have sold at a higher price than Everydays. That is all paintings sold ever! The investors in the art world have been around for centuries and NFT investors are just getting started. There is no doubt that NFTs are changing the way we think about art, but this paradigm shift is not restricted to GIFs and JPEGs as the popular news....