Since the initial NFT, Quantum, got released in 2014, many things have changed. Following then, a number of initiatives have monetarily and artistically changed the sector. The demand for NFTs rapidly exploded, and several of the best popular NFTs have made millions of bucks. However, how far can the figures go in terms of pricey NFTs?
Given how quickly the Non-Fungible Tokens (NFTs) environment is expanding and changing, it is impossible to tell. And as days passes on, a lot of new artists make millions of dollars, and an increasing number of celebrities are buying Bored Ape Yacht Club NFTs for seven digits (and others). Although we are unable to predict how much the volumes will increase, we can identify the NFTs that have been selling the best till now.
We’ve developed a compilation of the Top 10 Most Expensive NFTs artworks ever sold in order to document every single significant milestone.
#1 The Merge
Price: $91.8 Million
The Merge by Pak was among the most costly NFT ever sold. The $91.8 million price tag set a new benchmark for an openly auctioned piece of art from a surviving creator. Nifty Gateway offered the NFT for 28,893 customers, who bought 312,686 pieces of weight. These devices had a $575 initial price that rose by $25 every 6 hours.
3 sizable white clusters (dots) on such a dark backdrop make up the NFT alone. The mass of mass consumers would grow as more joined those. A built-in process of rarity inside the NFT guarantees that the coin supply is reduced over a period. Each Merge token that is transmitted combines with the receiving wallet’s token, creating a new token with a larger mass value. It’s possible that this may eventually reduce to a single ultimate mass.
NFT owners may track the bulk purchases made by other owners on a built-in scoreboard. Different style categories will be awarded to the leadership board’s best 100 & best 5. The Alpha grade, which is given to the best holder, is the biggest class that can be acquired.
The NFT’s unique arrangement really distinguishes it among other groups and is probably a major factor in why it traded for quite a high cost. Given that the money was obtained from approximately 30,000 buyers rather than just one, there is significant debate about whether it is the highest costly NFT to possibly sell. In any case, we’ve chosen to count it among the most costly NFTs ever sold.
#2 Everydays: the First 5,000 Days
Price: $69.3 Million
One amongst Beeple’s top NFT initiatives is The First 5000 Days. It was a collage made by Beeples for the Everyday’s series out of 5000 different NFTs. It was auctioned off at Christies Auction room in 2021 for such an astounding $69 million (42.329 ETH).
That NFT being acquired by Vignesh Sundaresan, a developer residing in Singapore and has mostly earned his money from investments in the cryptocurrency markets. As the creator of its Metapurse NFT program, he is however best known online as MetaKovan. That NFT being offered to private investors is the highest costly one ever.
Price: $52.74 Million
The genesis of the 3rd most costly NFT currently sold is a little unusual. Once Julian Assange got controversially jailed in May 2019, this was launched to gather money for his defense. Because of his involvement with the organization he created, WikiLeaks, Assange is now presently behind bars on suspicion of spying on the American Government. This NFT basically is just a clock that shows how many days Assange was therefore detained.
Over 10,000 fans, everyone of whom holds a part of that NFT, funded the astronomical $56 million expense. That Wau Holland Organization, which helps Assange’s defense, received all of the cash.
The NFT was created by an unidentified artist by the nickname of Pak. This artist’s refusal to divulge their identity in interviews blends in nicely with the charity that money is being raised for. In conjunction with liberty and information accessibility, it has made many people reevaluate the contentious Assange issue.
#4 Human One
Price: $28.9 Million
This digital/physical composite art piece likewise created by Beeple has been called Human One. When this was put up for bidding as a portion of Christie’s 21st Century Evening Sale on November 9, 2021, it brought in a record $28.9 million.
The interesting part about this NFT is how the visuals evolve over time. Even though Beeple doesn’t really own the artwork, he still has remote access to it and can regularly edit it. The NFT itself shows an astronaut moving over many backdrops that, as was already noted, vary throughout time.
People said that efforts fusing many TVs into unique forms and patterns served as the piece’s inspiration. One of the most costly NFTs ever was made possible by the distinctive final result!
#5 CryptoPunk 5822
Price: $23.7 Million
With a staggering $23 million price tag, CryptoPunk #5822 is the most expensive CryptoPunk to have ever been sold. On the NFT, there has also been a ton of bidding and listing activity. Throughout the token’s lifetime, there have been several offers totaling more than 1000 ETH (or around $3 million).
All of them, nevertheless, have been rejected by the owner. Additionally, the owner 0xDeepak has repeatedly advertised it for tens of thousands of ETH. None of these postings, however, have materialized. The owner last listed the NFT 19 days ago after transferring it to an unnamed wallet with the code 7DDFFB.
The NFT has only one quality when considering rarity. It is very uncommon, having just one trait in 2% of the collection. Additionally, just 5% of the collection’s proceeds go toward the bandana. The Alien skin, which has been cited several times and is the rarest skin imaginable, contains number 5822. (0.09 percent chance). The insanely high price of this CryptoPunk has surely been caused by the abundance of uncommon qualities.
#6 Allien CryptoPunk 7523
Price: $11.75 Million
The second-most expensive CryptoPunk NFT ever sold is CryptoPunk #7523. Amazingly, it went for $11.75 million! Furthermore, a wallet placed a bid of 20,400 ETH, or around $65 million, more than four months ago.
Before it could be approved, the offer was withdrawn. Among the other significant offers was Pranksy, a well-known NFT collector, who offered 800ETH, or around $1.5 million, in his bid. But this offer was also rejected. These significant bids demonstrate how highly the CryptoPunk collection is regarded.
Given its rarity, the NFT has a variety of uncommon qualities. First of all, just 0.09 percent of other CryptoPunks share the fact that it belongs to the Alien sub-collection. It features three characteristics, which only 24 percent of the collection have, and an earring, which only 25% of the collection possesses.
A knitted hat, which only 4% of the collection has, and a medical mask, which only 2% of the collection has, are the slightly more uncommon qualities. The NFT’s scarcity is highlighted by the profusion of uncommon qualities.
#7 TPunk #3442
Price: $10.5 Million
We have seen the reasons why the Alien punks are so expensive; however, there is another breed that is also capturing the interest of investors, and that is the TPunks. They are considered to be Tron’s equivalent of CryptoPunks. This one in particular resembles the Joker, and while TPunks NFTs don’t generally sell for much, TPunk #3442 sold for $10.5 million in a sale conducted a year ago and was purchased by Justin Sun, the co-founder of Tron and a cryptocurrency tycoon. However, he did not retain the token and instead gave it to the APENFT marketplace when he finished using it.
#8 CyberPunk 4156
Price: $10.26 Million
The CryptoPunk collection also included the fifth most costly NFT ever sold. 4 months ago, number 4156 was sold for 2500 ETH, approximately $10.26m at the time. In contrast to the first two CryptoPunks on our list, #4156 has sold many times during the course of its existence.
It sold for 650 ETH less than a year ago, albeit the seller is probably hating themselves for doing so. Prior to this, a few months after it was issued, it was sold for 3.29 ETH more than 4 years ago.
We can see why this CryptoPunk has created such high value by examining the NFT’s rare features. It has bandana-like characteristics and ape-like skin. Bandanas are included in just 5% of the collection, while ape skin is seen in 0.24 %. As a result, after the Alien skin, the Ape trait is the second-rarest skin.
Additionally, it has only one characteristic, which only 2% of the collection possesses. This NFT is theoretically less uncommon than its extraterrestrial cousins. But at a certain point, it appears that investors are more focused on the aesthetics of the artwork than the uniqueness of it.
#9 CryptoPunk 3100
Price: $7.67 Million
When CryptoPunk #3100 sold for 4200 ETH, which was equivalent to $7.67 million at the time, it broke the previous record for the highest-priced NFT from the collection. Once again, since it was minted five years ago, #3100 has only ever been sold during this massive auction.
Additionally, it has the Alien skin, which as previously indicated, only makes up 0.09 percent of the collection. This is perhaps the main driver of the token’s value. Additionally, it features a headband, something only 4% of the collection has. Last but not least, it has only one characteristic, which only 2% of the collection has. Once again, the combination of these high rare qualities is what drives this NFT’s high worth.
Price: $6.6 Million
The most expensive NFT ever sold at the time of its sale was “Crossroad” by renowned artist Beeple. It was sold on the NFT Exchange Nifty Gateway for $6.6 million. The image of a melancholy man laying on the ground in the artwork is supposed to symbolize Trump after he lost the 2020 presidential election to Joe Biden. The NFT had the cool feature of being sold before the election and changing according to the results.
Award-winning artist Beeple has more than 1.8 million Instagram followers. Additionally, he has established a number of well-known partnerships with companies like Nike, Louis Vuitton, and others. In fact, Beeple also built HUMAN ONE, our fourth most costly NFT, demonstrating his influence in the field.
The NFT is a unique item in and of itself. This sets it apart from other well-known collections like CryptoPunks and Bored Ape Yacht Club, where the most expensive Bored Ape NFT sold for $2.3 million. Its extremely distinctive character is perhaps the reason it cost so much money. Currently, the floor price for Beeple’s items on Nifty Gateway is $63,000.
You may purchase your very first NFT at any one of the many NFT markets. To complete the transaction, you will either need a compatible wallet or the blockchain network’s supported coins. This need is contingent on the blockchain network. For instance, the price of an NFT on the BNB Smart Chain (BSC) nearly always appears in BNB or BUSD, but the price of an NFT on the Ethereum blockchain almost always appears in ether (ETH).
On the Binance exchange, you may acquire the necessary cryptocurrencies, and then you can move those coins to a wallet that is compatible with the NFT Marketplace.