13 most expensive NFT (1)

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• 13 Most Expensive NFTs Sold Around The World

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1. The First 5,000 Days

• Mike Winkelmann, popularly known as Beeple, is an
  experienced digital artist and graphic designer
  who created the digital artwork collage The First
  5,000 Days.
• Winkelmann began working at the college in May
  2007 and has been posting art pieces every day
  for the past 13 years.
• The artwork was only available through
  Christies, an NFT auction house, and was
  purchased for 69,346,250 by crypto millionaire
  MetaKovan. He viewed Beeple as an artist of the
  digital-native generation. The auction was also
  the first fully digital-work auction on NFTs to
  accept payment in the form of a cryptocurrency
  (ETH).
• Following the sale, Beeple gained a large
  following on Instagram, amassing 1.8 million
  followers and landing collaborations with brands
  like Nike and Louis Vuitton.

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2. CryptoPunk 7523

• CryptoPunks are collectibles made up of 8-bit
  graphics of humanoid beings called Punks, each
  with its own set of characteristics.
• Its one of only nine Alien punks, CryptoPunk
  7523. Its medical mask attribute offers it a
  particular topicality in these COVID-influenced
  times. This could be one reason why it was
  purchased for a stunning 11.8 million by
  DraftKings.
• I really wanted this particular CryptoPunk,
  Mackenzie told Decrypt.

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3. CryptoPunk 3100

• Because it is one of the Alien varieties, which
  account for only 9 out of 10,000 CryptoPunks,
  Punk 3100 is exceptionally rare. Another feature
  that adds to the characters rarity is its
  headband, which is worn by just 405 other Punks.

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4. CryptoPunk 7804

• Punk 7804 is a CryptoPunk series NFT that was
  sold almost simultaneously with 3100 in March
  2021. Its yet another Alien Punk, a very rare
  creature. It also sports three accessories a
  pipe, a cap, and sunglasses.
• There are only 378 punks who smoke pipes, 254 who
  wear caps, and 317 who use little shades.
• Around 4,200 ETH was paid for the item, which was
  worth 7,566,173.88 at the time.

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5. Crossroad

• Beeple also developed Crossroad, a digital
  artwork that was resold for 6.6 million on Nifty
  Gateway. It is an NFT marketplace operated by
  Gemini, a famous cryptocurrency exchange.
• After losing the 2020 US presidential elections,
  former US President Donald Trump is depicted
  lying down with many marks on his skin.

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6. OceanFront

• Ocean Front is a new age masterpiece from
  Beeples Everydays series that depicts the
  dangers of climate change.
• The initial price was 2.77 million, with Tron
  Founder Justin Sun, Middle Eastern music company
  3F Music, and NFT whale BabyBeluga competing for
  the top spot. Justin ended up with the winning
  bid of 6 million.

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7. Ringers879

• Artist Dmitri Cherniak created this. It was sold
  on the OpenSea marketplace platform via secondary
  market transaction for 1800 ETH at roughly 5.8
  million on August 27th.
• Three Arrows Capital, a cryptocurrency investment
  firm, was the buyer. This transaction was the
  greatest money ever spent on an Art Blocks piece,
  with the previous high being 1000 ether (about
  2.6 million). Its also more than three times
  the previous record for a single Ringers piece,
  which was 500 ether (about 1.6 million).

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8. CryptoPunk 5217

• CryptoPunk 5127, one of 24 Ape punks wearing a
  knitted cap and a gold chain. It was sold for
  5.44 million in July 2021.
• Recently NFT Platform Art Blocks Makes Record
  with 5.8M Sale

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9. World Wide Web Source Code

• Sir Tim Berners-Lee, the creator of the World
  Wide Web, stunned many when he stated to auction
  an NFT at Sothebys. The auction took place on
  June 23rd. The auction ended a week later, on
  June 30, with the successful bidder agreeing to
  pay 5.43 million for their cherished NFT.

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10. CryptoPunk 7252

• When CryptoPunk 7252 was purchased in early
  August 2021 for 2.5 million. However, it took
  only a few weeks to double the money and was sold
  on August 24 for 5.33 million.

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11. Save Thousand of Lives

• The Noora Health a nonprofit organization
  developed the Save Thousands of Lives NFT to
  raise funds for its work with new mothers in
  South Asia.
• It anticipated that it could save 9 kids for
  every 1,000 live births at a cost of 1,235 per
  life spared. With the NFT selling for 1,337 ETH
  (5.1 million) in May 2021, its certainly
  accomplished its goal.

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12. Stay Free

• In April 2021, NSA whistle-blower Edward Snowden
  entered the NFT by developing and auctioning off
  a digital artwork named Stay Free.
• The artwork was sold for 4.9 million on the
  community-driven NFT marketplace Foundation. The
  money went to the Freedom of the Press
  Foundation, a non-profit that promotes free
  speech.

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13. CryptoPunk 2338

• On August 6th Punk 2338 was sold for 4.4
  million. Previously, it was purchased back in
  November 2018 for just 443. However, they made a
  1,000,000 return in less than 3 years.
• The punk is one of only 88 Zombies in a total of
  10,000 CryptoPunks. It is also one of only four
  with the thin mohawk trait, making it an
  extremely rare specimen.

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Why are NFTs so expensive?
Buyers are flexing their digital wallets in some
cases to show off how much cryptocurrency they
have. Although, in others, there is a deeper
curiosity regarding the purchase of NFTs.
These most expensive NFTs are appealing because
their uniqueness and ownership can be validated.
They can be used across different organizations
applications, and they can be exchanged easily on
secondary markets. These characteristics open the
door to new business models and application
cases.
The two valid reasons for NFTs being so expensive
are primarily due to their blockchain technology
and their head-turning art.

Author RIKTA MANDAL
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