In recent months, the market for buying and selling works of art has become one of the hottest topics in the field of digital currencies due to the phenomenon of non-fungible token or NFT for short. Only 9 of the 10 most expensive auctions and multi-million dollar tokens have been auctioned in the last six months. Read on for help an essay From the Decript website, we will introduce the largest NFT token auctions ever held.
Unprecedented tokens are changing our view of art, and investors are gradually realizing this. Over the past year, the field of unique tokens has grown exponentially to become one of the most important aspects of the digital currency industry. NFT tokens, due to their unique nature and the use of cryptographic methods, ensure the unity and rarity of digital objects and works in the real and non-digital world. When you are dealing with a valuable physical and non-digital work, you can transfer ownership of the original to someone by selling it. After that, any number of copies sold will not be worth the original. NFT tokens have been introduced to give the same opportunity to the digital world, and so far, artists have welcomed the opportunity provided by technology.
People’s interest in unparalleled tokens is breaking records in 2021, and Google users are searching for the word “NFT” more than ever. Also, trading volume in the markets for these tokens, including Nifty Gateway and OpenSea, is steadily increasing, and everyone seems to be looking to decipher and use these emerging assets.
But this is not the only level of user interest that has increased. Nine of the 10 most expensive NFTs in history have been sold in the last 6 months; This indicates the serious desire of investors to work in this field. To that end, we have dedicated this article to reviewing 10 NFTs that have sold for huge (and sometimes ridiculous) sums. Judge the true value of these tokens with you!
1. “Every day: the first 5000 days”: $ 69.3 million
The “Everydays: The First 5000 Days” token holds the record for the most expensive NFT sold to date and, of course, one of the most expensive works of art in history. The work of art, created by renowned digital artist Mike Winkelmann nicknamed the Beeple, sold for $ 69.3 million at Christie’s auction house. This is the first fully digital work of art to be sold at this prestigious auction house.
This NFT represents a collage of Bipple’s early 5,000 works of art and depicts the artist’s progress throughout his artistic career.
The image below is from a tweet posted by the Christie’s auction house account on February 26th, asking people to submit their purchase offers for this unique token by March 11th.
The final winner of this auction was an Indian named Vignesh Sundaresan, nicknamed Metakovan, who did not reveal his real name at first; But later he decided to reveal his identity. He explains his purpose for buying this unparalleled token:
I wanted to show Indians and people of color that they too can be leaders in investing in and supporting (art) works. I wanted to prove to them that the world of digital currencies has balanced power between East and West, and now is the time for the rise of the citizens of economically weaker countries.
The next big bid for the artwork came from Justin Sun, CEO and founder of Tron, who came in with an astonishing $ 60.2 million bid, but in the final minutes, at a price announced by Sanderson, inevitably He gave up the auction.
۲. Cryptopank No. 7804: $ 7.5 million
Dylan Field, CEO of Figma Design Software, is the seller of the second most expensive NFT in history, CryptoPunk # 7804. The unique token sold for $ 4,200, valued at $ 7.5 million at the time of sale.
Cryptopunks are a completely random set of 10,000 unique digital characters and are one of the first examples of unique tokens offered in the Ethereum blockchain. The series was created by Matt Hall and John Watkinson, co-founders of the famous American game studio Larva Labs.
These tokens were initially given to people for free; But some of them, which had rare or interesting features, were also sold for considerable sums. These include Cryptopank No. 7804, “A Blue-skinned Stranger Piping,” and Cryptopank No. 1651, which sold for 6 digits in February.
3. Crossroads: $ 6.66 million
Crossroads is an NFT token created by Beeple, a renowned digital artist. The token has a message against Trump’s policies and shows an exaggerated image of a person like Donald Trump lying in a broken position with obscene words written all over his body. It should be noted, however, that this work of art was designed to change based on the outcome of the 2020 US presidential election. If Trump won, it would show him with a crown on his head and passing through the flames.
Nifty Gateway, a popular collectible digital asset market, brokered the $ 6.66 million token exchange between the original owner (a Twitter user nicknamed Pablorfraile) and an unnamed buyer. This unparalleled token sold for almost 10 times its original price just four months after its first purchase.
The image below shows a tweet from Nifty Gateway’s account announcing that Beeple’s work sold for $ 6.6 million in secondary sales and has become “historic.”
4. «The first tweet in history »: $ 2.9 million
The NFT version of the first tweet of Jack Dorsey, CEO and co-founder of Twitter, and of course the first tweet on Twitter, was auctioned off in March 2021 (early April) and eventually sold for a staggering $ 2.9 million. .
The token was created through a popular platform called Valuables, which allows users to create NFT versions of their tweets.
In a humanitarian effort, Dorsey pledged to immediately convert 100 percent of its token profits into bitcoin and then donate it to the Africa Response Charity.
The image below shows the first tweet posted on Twitter by Jack Dorsey, the platform’s creator, on March 22, 2006, and explains in one sentence that he has just installed Twitter.
5. “Cryptopank No. 6965”: $ 1.54 million
The second cryptocurrency on this list is “Cryptopank No. 6965”, which shows the indifferent face of a monkey with a shapui hat on its head. The work sold for a whopping $ 1.54 million. In the image below, you can see the tweet of “Cryptopanx Bot” account, which announces that this work has been sold for 800 ethers ($ 1.54 million).
Cryptopank is one of the 24 rare works in the series that depict a monkey, and is the rarest (and most valuable) punk available after cryptopuncture, “a blue-skinned stranger pulling a pipe.”
At the time of writing, Cryptopank No. 6965 has once again been put up for auction, receiving a bid of 2,100 ethers (currently worth $ 4.4 million). If this work is sold at this price, the seller’s profit will reach 122%.
6. “Auctioneer chooses name”: $ 1.33 million
American DJ and composer known as 3LAU, during his recent collaboration with digital collage artist nicknamed Slimesunday, created a work called “Auction Winner Picks Name” on the Nafti Gateway platform. It sold for $ 1.33 million. This NFT token includes a music video and a happy song that allows the buyer to choose a name for the original NFT version as well as for editable NFTs recently released on the Gateway Nifty platform.
The image below belongs to a tweet from Slim Sandy that explains the terms of the token auction and the amount of the winner of the auction.
7. Cryptopank No. 4156: $ 1.3 million
If you think that our work with cryptocurrencies is over, you are wrong! The work of “Cryptopank No. 4156” is another punk that was able to win more than $ 1 million in public auctions.
Just like Cryptopank No. 6965 (which was only slightly more expensive than this cryptocurrency), Cryptopank No. 4156 is a rare monkey-type token; This time you see it with a blue cap.
According to the Larva Labs website, the average sales of cryptocurrencies over the past 12 months have been $ 25,247. On this account, the value of “Cryptopank No. 4156” is approximately equal to the total value of 52% of cryptocurrencies.
8. “Not forgotten, but gone”: $ 1 million
One of New York City’s contemporary artists, known as WhIsBe, is the creator of a collection of unique tokens that depict pastel bears in a variety of forms.
Although WhIsBe was best known for his murals of pastel bears in Brooklyn, New York, and his sculptures scattered around the world, the artist has recently turned his attention to the NFT art scene. The image below shows a tweet from American Gallery IV congratulating WhIsBe on selling its digital work for $ 1 million.
A 16-second film of the spinning skeleton of a pastel bear called “Not Forgotten, But Gone” is the most expensive unparalleled token the artist has ever created. The work sold for $ 1 million in mid-March at the Nifty Gateway.
9. “Furry”: $ 888,888
“Hairy” is the name of a combination token created following a recent collaboration between American musician, fashion designer and entrepreneur Steve Aoki and German 3D illustrator Antoni Tudisco.
This unparalleled token shows a blue-eyed creature shaking its head in a 36-second clip with one of Aoki’s songs.
The token was sold at a record-breaking auction on the Nifty Gateway platform for $ 888,888 and presented to the buyer in the form of a physical display called Infinite Objects, which displays only the image of the token. This device is actually a physical representation of repetitive video that is not up-to-date and is, in fact, a “print of a video”. Of course, it should be noted that this device was delivered to the buyer only on the condition that he keeps the token with him for at least 2 weeks after the auction and does not sell it.
10. The Complete MF Collection: $ 777,777
The Complete MF Collection is another of Bipple’s masterpieces, featuring a video of other works of art sold in his collection.
The unusual thing about this unique token is that it sells with a physical token. This physical token consists of a signed sheet of titanium, a beep of hair, a license to own a work of art, and the like.
It was the most expensive unique and uneditable token sold at Beeple’s The 2020 Collection. The buyer of the token was Tim Kang, a well-known collector of NFT artwork, which won the auction with a bid of $ 777,777.
In this article, we look at 10 of the most expensive NFT tokens (9 of which have been sold in the last 6 months). 2021 can be called the year of NFT madness. There are different and sometimes contradictory predictions about the future of NFTs. Some see the future of digital art as dependent on these emerging assets, while others see it as just a fleeting madness that will soon disappear. Regardless of the future of these assets, NFTs have been well-received since their birth, and as you will read in this article, some of them have been sold at incredible prices. Whether the proverbial tokens will succeed with the same power or enter a declining phase is a matter of time and in the not-too-distant future.