Top Most Expensive NFT ever Sold

There is always hype in the media whenever an NFT is sold for an insanely high price at an NFT art marketplace. NFTs have become the talk of the town in recent years, especially after the pandemic situation resulting in the emergence of many best NFT art marketplaces. These distinguishable and unique digital assets link many industries, including gaming, VR, digital art, eSports, etc.

Non-fungible tokens can be digital arts, sports characters, in-game space/land. Then, these stored NFTs are sold for exorbitant prices depending upon their value.

Dig Deeper Into Non-Fungible Tokens

What is NFT? 

Non-fungible tokens, which are unique from each other, are not interchangeable and separable. Currently, the most trending field of application for non-fungible tokens is the gaming and sports industry, where gamers purchase unique weapons and other digital assets to enhance the gaming experience.

But monthly, we see more and more cases where projects from different industries implement NFT as a model.

NFTs: A Rising Trend

Non-fungible tokens became another huge trend within the world of blockchain. Non-fungible tokens are indivisible and rare crypto goods available in scarcity. Initially, non-fungible tokens were created on the ETH Blockchain following the ERC-721.

NFTs and their smart contracts include identifying information, which makes each of them unique. Thus, there are not any two identical non-fungible tokens. For instance, within the case of banknotes, you’ll exchange one banknote for an additional with an equivalent denomination. They need an equivalent value, so it makes no difference which one you possess.

Why Do People Invest in Buying NFTs?

People buy NFTs for an equivalent reason as they invest in physical assets like property, art or antique articles. Aesthetics, a passion for artists, trends, and art-world validations are among the main factors that drive collectors to get artworks.

• Collecting digital items is almost like collecting physical items — it can be both a hobby and an investment.
• Non-fungible tokens possess unique attributes and  linked to a selected asset. They will be wont to prove ownership of digital items like gaming skins and physical assets. 
• NFTs can represent anything — from virtual land to artworks, documents, and even insurance policies. However, you can’t trade NFTs on regular crypto exchanges. Instead, there are special NFT art marketplace  like XANALIA, Openbazaar or LAND from Decentraland.

It is as simple as buying a physical art or an antique; people invest in buying NFTs. Aesthetics, artists, NFT creators trends, and art-world validations are among the main factors that drive collectors to get digital artworks.

Collecting digital items is almost like collecting physical items — it can be a hobby or an investment.

Top Most Expensive NFTs, So Far

• Digital collection from Beeple — $3.5 million 

CGI artist Mike Winkelmann, known within the community as Beeple, made the most critical NFT sales in history. It all started with a Twitter post where Beeple announced the sale of 21 of its works. Nifty Gateway hosted the auction of the Beeple digital collection. The value of initial ten auctions was over $900,000.

After the sale, the artist tweeted a video during which his friends celebrated Beeple’s success with a victory champagne shower.

• Rick and Morty Virtual Images — $2.3 million 

Justin Roiland is the creator of the popular animated series “Rick and Morty,” He also managed to sell artworks within the sort of non-fungible tokens at an exorbitant price. He sold his collection of 16 artworks and sold for 1,300 ETH, around $2.3 million.

• Land on Axie Infinity — $1.5 million

A land including nine plots of a popular blockchain game Axie Infinity was sold as one NFT deal. The user who made the acquisition paid 888.5 ETH, or $1.5 million, at the time.

Axie Infinity enables users to create a kingdom with fantastic characters living in it. The planet where users can buy virtual land is named Lunacia and features a limited number of places.

• Collectible character on CryptoPunks — $762,000

IN JANUARY, an NFT representing a personality on the CryptoPunks game was sold for 605 ETH, or $762,000. The crypto artistic movement inspired the planet of CryptoPunks which consists of over 10,000 unique digital characters.

• Dragon from CryptoKitties — 600 ETH

   

The next costliest NFT is Dragon from the famous blockchain game CryptoKitties. It was a cute digital cat and sold for 600 ETH, or $200,000, at the time. Today, an equivalent amount of tokens costs around 1,000,000 dollars.

CryptoKitties is one of the earliest attempts to use blockchain technology for entertainment purposes. Axiom Zen studio developed this. Each virtual cat is exclusive and not transferable without the owner’s consent.

• An F1 Delta Time track — $200,000

The NFT was not a car, but it was a part of a racing track. In early December 2020, a track piece on F1 Delta Time was sold for over nine million REVV tokens, or $200,000, at the time. Since then, REVV has increased by 500%, and, at the time of writing, one would need to pay $1.2 million for an equivalent amount of REVV.

Wrapping Up!

Looking at how briskly the NFT art marketplaces are growing and what prices non-fungible tokens are being sold, we will assume this may be another huge trend right after DeFi. A crucial feature of NFTs is that each has its own unique and one-of-a-kind feature. NFTs are still a distinct segment market but have already found many applications.

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