BAYC (Bored Ape Yacht Club) is one of the most successful NFT collections of all time, and still commands a significant floor price. At the moment, the cheapest BAYC NFT available for sale will set you back a whopping 76 ETH (about $92,000 at the time of writing). NFT investors borrowed the term “blue chip” from the stock markets to refer to collections like CryptoPunks and Bored Ape Yacht Club.
CryptoPunk #5577 — $7.7m
Subsequently, in early 2015, Spells of Genesis and Counterparty inked a partnership to create the first blockchain-based mobile game. In 2016, Counterparty saw another team-up with the major trading card game Force of Will and successfully launched their cards on the Counterparty platform. For instance, major NFT marketplace OpenSea lists the top collections over the past 24 hours in terms of volume on its main page. These collections are arguably the most popular ones currently, and thus they are usually the most expensive ones.
The Most Expensive NFT Art Pieces Ever Sold – Top 10 List
This group raised the funds necessary to acquire the NFT, demonstrating a powerful example of how digital assets can mobilize support and resources for political and social causes. The NFT market first exploded onto the scene in late 2017, spurred by the introduction of Ethereum-based blockchain games like CryptoKitties and later Axie Infinity. These platforms merged the appeal of digital collectibles with interactive gaming, providing an accessible entry point for new investors into the niche market of NFTs.
Final thoughts on the most expensive NFT art
- 4156 remains in the NFT scene, however, after having gained popularity by becoming a thought leader and launching Nouns, an NFT project that is building open-source IP.
- The staggering price tag attached to this NFT reflects the growing recognition and acceptance of digital art as a valuable asset.
- Please, relax and enjoy the ride through the top 10 most expensive Non-Fungible Tokens.
- Our top ten list would be incomplete without mentioning NFTs that not only sold for a record price, but also signal the trend of fractionalized ownership.
Blowing all of its CryptoPunk fellows out of the water, #7523 is the third rarest in the collection, and it’s got the price tag to match. The NFT market may have taken a huge plunge since its peak, but in their heyday, there was serious money to be made in non-fungible tokens. Once you have an NFT token, you can head to these NFT marketplaces to invest in an NFT. This list includes the popular NFT marketplaces that I used for reference of the price and to give image references. Known for its complexities as a piece of generative art, Dmitri Cherniak, Ringers #109 sold for more than $7 million in October of 2021, further solidifying the importance of the Art Blocks project. The Owner of the NFT has put it on sale for 3,000 ETH, which, when translated to US dollars, is 63 Million at the time of writing this blog.
CryptoPunk #5822 – $23.7 million
There is only one series, with a total of 10,000 NFTs that feature their very own unique expressions, colors, and even clothing! Furthermore, some of these collectible tokens were sold for over $1 million each, making them some of the most sought-after digital assets. However, based on our observations, the key factor behind NFTs’ popularity and value lies in their uniqueness and scarcity. The attention of investors has been significantly drawn to this space, especially when considering high-profile sales. The first-ever tweet was minted and sold for a whopping $3 million — although it didn’t even crack our list — showing just how valuable certain NFTs can be due to their rarity. One major factor that affects an NFT’s worth is its ownership history, since it records every transaction within its blockchain.
The 10 Most Expensive NFTs in 2023 (So Far)
However, this record-breaking purchase failed to make the top 5 because the sale was subsequently canceled. Before you leap headfirst into minting your first NFT in the hope of earning millions, here’s a rundown of the top 5 most expensive NFTs ever sold at auction. CryptoPunks is a collection of 10,000 profile picture (PFP) avatars stored on the Ethereum blockchain. The NFTs were created by Larva Labs but were later acquired by Yuga Labs, the creator of the famous Bored Ape Yacht Club (BAYC).
Top 10 Weirdest and Most Expensive NFTs Ever Sold
As the only Alien Punk with a medical mask, it is one of the rarest CryptoPunks in existence.
Crossroad by Beeple – $6.6 Million
As part of the 24-piece Ape Punk collection, this NFT is considered especially rare and sought after these days. What’s more, it is one of only 142 to feature the iconic cowboy hat style. While the NFT space has become quite saturated, a select few have taken the lion’s share and become worth millions of dollars. Here, we cover five of the most expensive NFTs to date, according to their sale price, and their impact on the digital collection space.
Top Ten of the Most Expensive NFTs in 2023
Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions. CryptoPunks have, to some extent, entered mainstream culture, and companies like Visa and celebrities like Jay-Z and Gary Vee have been reported to have purchased CryptoPunk NFTs. On a number of occasions, CryptoPunks have sold in the millions.
#1: What is the most expensive NFT sold: Everydays: The First 5000 Days – $69.3 million
- An alien Cryptopunk is a specific type of Cryptopunk NFT, characterized by its unique and distinct appearance resembling an extraterrestrial.
- Despite the decline in interest, non-fungible tokens (NFTs) are still valuable and being considered.
- Described as a “kinetic video sculpture”, “Human One” combines a physical sculpture made of polished aluminum and mahogany with four digital screens.
- CryptoPunks dominated the list, possibly being the most hyped project of all time.
- In my opinion, while NFTs are in their infancy, within the next 5 years, they’ll be used to store everyday, digital assets that are more relatable to the public.
- Another Pak piece, The Merge officially became the most expensive NFT ever sold on December 2, 2021, with almost 30,000 collectors pitching together for a total cost of $91.8m.
- Furthermore, some of these collectible tokens were sold for over $1 million each, making them some of the most sought-after digital assets.
For now, all the talk around NFTs is centred on the crazy prices that some of them have been commanding. It could be that, while some of these sums paid out may one day prove to be wise investments, others may only seem crazier with time. The last on our list, This Changed Everything, is the highest-selling NFT presenting a piece of history. It’s an image showing a chunk of source code used for one of the earliest versions of the internet. It was purchased by (who else) a crypto investment firm based in Singapore, Three Arrows Capital.
AssangeDAO, a group of more than 10,000 people, purchased the NFT as part of an initiative to raise funds for Julian Assange’s legal defense. The NFT is a digital artwork that serves as an activist intervention and political statement. Its unique approach to raising awareness on the subject is considered a significant milestone in the history of crypto art. The Clock, a dynamic NFT artwork created by Pak and Julian Assange, was sold for $52.7 million. CryptoPunk #5822 was recently purchased for a staggering $23.7 million, making it the most expensive CryptoPunk ever sold. The alien-style punk featuring a blue bandana is one of only nine aliens in the entire collection.
live calculator for the founder Julian Assange imprisonment unveils a fascinating narrative. It symbolizes the intersection of art, technology, and activism.
“Ежедневные дни: Первые 5000 дней” Создатель: Beeple, Стоимость: $69,3 млн.
The uniqueness of their homes is based on the fact that Mr. Jones holds the property deeds to his house that identify him as the owner, while Mrs. Wilson holds the property deeds to her house. To understand the uniqueness of non-fungible assets, imagine two homeowners Mr. Jones, and Mrs. Wilson. Jones and Wilson are next-door neighbors, and as their homes were built by the same property developer, their homes are near identical. Controversy has also dogged celebrities who have come under fire for minting NFT projects as a money-grab. Case in point, legendary skateboarder Tony Hawk was heavily criticized by his fans for his NFT offering, “Last Trick”. However, as both the NFT purchase and the flash loan were submitted within the same blockchain transaction, the sale of CryptoPunk #9998 was canceled.
Have We Seen the Peak of The NFT Prices?
This piece is unique in that it has both a physical side and a digital component that changes according to Beeple’s input, and will continue to change throughout the artist’s life. From innovative digital art to rare virtual collectibles, these collections have left the biggest impact in the NFT space and host some of the most expensive non-fungible tokens. This expensive artwork stands out among other NFTs as it is more than just a digital asset.
Every Merge NFT (token) has a mass property that can grow bigger as you acquire more mass. That can happen by buying another Merge token and merging them, with the new mass being the sum of the two tokens’ mass. Nevertheless, the adoption and growth of NFTs continued, with 2021 marking the best year in the history of NFTs. Dozens of NFT collections, including Bored Ape Yacht Club, flooded the market last year, with different blockchains adding support for NFTs.
CryptoPunk #4156. $1.3 million (650 ETH)
The Clock is among the top three most expensive NFTs ever sold, with a story of 1000 words, especially within the NFT community. Moreover, since the generative is generally eye-catching, the NFT sales are growing considerably. An NFT was sold on November 9, referring to a specific non-fungible token transaction that took place on that date. To provide a comprehensive overview of the clock – $52.8 million
- For example, XCOPY’s NFT “A Coin for the Ferryman” sold for $6 million in November, even though it was only $139, or in crypto 0.5 ETH, when it was released in 2018.
- Deepak Thapliyal, CEO of a cloud blockchain infrastructure company Chain, purchased one of just nine alien avatars in the entire collection.
- It caused ripples among crypto enthusiasts, many of whom fervently embraced its exorbitant price, exceeding the mark of fifty million dollars.
- However, rather than your signature being explicitly published on the blockchain, a private key (acting as your encrypted signature) proves ownership of the blockchain address.
- Known for its complexities as a piece of generative art, Dmitri Cherniak, Ringers #109 sold for more than $7 million in October of 2021, further solidifying the importance of the Art Blocks project.
- This will give you a clear idea about the pricing of these NFTs.
- This expensive artwork shows an astronaut exploring places at different times, and it represents the artist’s determination to create artwork outside digital space.
Market Overview
Compound Finance CEO Robert Leshner is rumored to have purchased this ape, who sports a sombrero, from a private collector. This was sold in December 2021 by a crypto-industry alias who came to popularity before abandoning his NFT identity, CryptoPunk #4156. The Meebit collection features 20,000 Voxel 3D characters which seem like they have logically evolved from the 2D pixelated Crypto Punks! The Meebit #10761 is one of the rarest of the collection since it is one of those ‘dissected’ Meebits with a ‘ghoulish’ appearance.
The proceeds from the sale were used to support Assange’s legal defense. Clock is not just an art piece but also a political statement, emphasizing the intersection of digital art, activism, and the power of NFTs to support causes. Pak’s collaboration with Assange underscores the potential of NFTs to transcend traditional art forms and become tools for social and political change. Clock was created by Pak in collaboration with WikiLeaks founder, Julian Assange. The crypto art features a timer counting the number of days Assange has been imprisoned. Every day, the timer updates itself to reflect how long Assange has been in prison.
What’s particularly interesting about #3100 is that it resembles a bit of a rarity on its own in some senses. It looks like no other CryptoPunk we’ve seen before — and the fact that the purchaser paid so much for it could suggest they view far greater potential in it compared to the rest. It wouldn’t be too illogical either because once you buy a CryptoPunk, you generally have full control over what you do with it or where you take it next. HUMAN ONE sold on November 9, 2021 for a fee just shy of $30m, closely linked to his previous piece ‘Everydays’ according to an interview with Christie’s.
With a passion for educating the masses on blockchain technology and a commitment to unbiased, shill-free content, we unravel the complexities of the industry through in-depth research. In fact, it’s been hotly debated, due to its “units of mass” nature, whether The Merge is actually one piece or a series of individual artworks. In 2022, NFTs captured the attention of artists, investors, and collectors alike, a trend that continued in 2023. In this article, we have compiled a list of the most expensive NFT assets that have been sold to date. It was sold for $7.67 million and at the time of its sale, CryptoPunk #3100 was the highest-priced punk.
We’re not too clear on the frequency of the token generation, but he intends for each to represent a change in the world. Below is the list of the ten most expensive NFTs ever sold on the market. Looking ahead, the NFT sector is poised for substantial growth with promising developments on the horizon. Key advancements expected to shape https://crypto.com/university/most-expensive-nfts the future include deeper integration with the metaverse and improved interoperability across different blockchain platforms. These technological enhancements are anticipated to not only broaden the scope of how NFTs are used and interacted with but also potentially boost their intrinsic value and appeal to a wider audience.
