Top 5 Most Expensive NFTs
2021 will go down in history as the year when crypto witnessed massive user adoption, largely thanks to the non-fungible token (NFT) boom. NFTs went mainstream, catching the attention of millions around the globe.
Today, with its ups and downs, the NFT space continues to expand while its total market value is now being calculated in billions of USD.
Read on to learn about the most expensive NFTs and why they have sold for millions.
Blockchain transformed the digital space and made it possible for almost anything to be tokenized and made into an NFT.
Crypto art collections, for example, have been sold for millions of dollars as JPEGs. Some of the most expensive NFTs sold to date have been from the Bored Ape Yacht Club (BAYC) and CryptoPunks collections - two of the most successful brands in the NFT market.
Celebrities and influencers have also been part of the action, with some even launching their own projects, which has further boosted the perceived value of NFTs and the growth of the industry.
So, which NFTs have sold for tens of millions of dollars, and what made them so valuable in the eyes of the collectors?
Let’s take a look at the top five best-selling NFTs to date.
The Merge NFT currently tops the list of the most expensive NFT sold to date. The dynamic digital artwork was created by an anonymous digital artist known as Pak.
The artwork was sold for USD 91.8m on December 6, 2021. The Merge was a single artwork that was composed of a collection of ‘masses’ that users could purchase. As a fractionalized piece, this meant that it was made up of 312,686 pieces that were distributed to 28,983 buyers. At the end of the sale, The Merge had generated USD 91.8m, dethroning Beeple’s The First 5000 Days to become the most
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