Non-Fungible Token (NFT) is currently a trend in almost all parts of the world. No wonder the most expensive NFT in the world appears.
The level of scarcity that each NFT has often causes the price of an NFT to skyrocket.
Even though the NFT trend had declined in 2022 due to the crypto winter cycle which made crypto prices fall and industry players went bankrupt, NFT transactions still occur.
Of the many collections of NFTs circulating in the world, it turns out that there are several NFTs that are listed as the most expensive NFTs in the world. Reporting from NFTNow, Monday (6/3/2023), here are the 5 most expensive NFTs in the world.
NFT The Merge, made by artist NFT Pak, sells for USD 91.8 million through the Nifty Gateway.
What makes this NFT interesting is that instead of one person owning the entire NFT, The Merge is fractionated and distributed among 28,983 merchants. This results in over 300,000 fractionated NFT pieces per person.
Everydays: The First 5000 Days
Next in the row of the most expensive NFTs in 2nd place is occupied by Everydays. Everydays was created by digital artist Mike Winkelmann, also known as Beeple, who is currently a mainstay in the NFT universe.
The praise that many people gave to Winkelmann was because of his work Everydays: The First 5000 Days which sold for USD 69 million. Everydays: The First 5000 Days is a collage created over 13 years by Winkelmann, he started working on it in 2007 and finished in 2020.
Everydays: The First 5,000 Days isn’t the only digital art by Beeple to make headlines this year. Another masterpiece, called Human One, sold for USD 28.9 million at another auction organized by Christie’s. This price is double the expected price.
Many people still think of CryptoPunk as nothing more than an ordinary project, but in fact the concept behind this project is actually much more important.
At first glance, CryptoPunks are just a series of 8-bit digital characters that have no real use. People buy them and use them as profile pictures on platforms like Twitter and other social media. Apart from that, they can also sell it on other platforms as well, and the price keeps on increasing.
CryptoPunk 7523, for example, is one of the most expensive NFTs ever sold. CryptoPunk 7523 is the most expensive NFT avatar in the CryptoPunk collection to date. CryptoPunk 7523 was successfully sold for USD 11.75 million on the Sotheby’s auction platform.
Furthermore, still in the CryptoPunk NFT collection, namely CryptoPunk 4156 which was successfully auctioned for USD 10.35 million.
According to blockchain tracking company DappRadar, the CryptoPunks project has raised over USD 2.2 billion in trading volume so far.