By Mitch Rice
In the initial 2021, nearly a few people know about the concept of non-fungible tokens, but at the end of 2021, most people worldwide get to know about these tokens and their uses. It is becoming a relatively popular concept regarding online or digital assets. They are a type of cryptographic asset developed using blockchain that helps it get a distinctive identification at https://nft-trader.org/.
Crypto tokens are a type of fungible tokens that can act as a common medium of exchange because they are identical. The most prominent factor which makes NFTs different from cryptocurrency is that people in the digital market cannot exchange non-fungible tokens. However, there are tons of non-fungible tokens available as a cryptographic assets you can buy. Following are some of the most expensive NFTs.
Key takeaways
NFTs had started their journey to become popular cryptographic assets at the beginning of 2021.
The topmost expensive non-fungible token is created as a collage of some pictures. It was developed by Beeple and get sold in auction for approximately 69 million US dollars.
Developers used some algorithms to create a unique piece of art called Alien Cryptopunks in 2017.
Every day for The first 5000 Days.
An unknown graphic designer called Mike Beeple Winklemann created every day: the first 5000 days in 2007. It is a collage of 5000 daily photos from 2007. Every day is one of the most expensive non-fungible tokens, which had sold in Christie’s auction house for 69.3 million US dollars. It was sold back on March 11, 2021, for this enormous amount. Every day: the first 5000 days were purchased by a crypto investor who lives in Singapore.
The Singapore-based crypto investor has paid the entire amount of this non-fungible token, 69.3 million US dollars in ether (ETH). Ether is a type of token which leads to simplifies the operations that are conducted on ethereum networks. Ether act as a fuel for running the command on the ethereum blockchain.
You might know that those who buy these non-fungible tokens do not get any physical product they can use physically; NFT refers to a digital or cryptographic asset that doesn’t have physical existence. After selling his artwork for 69.3 million US dollars, Mike Beeple Winklemann led to make his Everyday: the first 5000 the third most expensive artwork done by living beings.
Human one
In terms of top expensive non-fungible tokens, Human One comes in second place, created by Mike Beeple Winklemann, the creator of Everyday: the first 5000 days. So, these topmost non-fungible tokens are developed by the same graphic designer. This artwork is a combination of both digital artefacts and physical artefacts.
Human One is a physical artefact consisting of four screens structured on aluminium and wooden frames. To add some digital texture to this physical artefact, Beeple linked his artefact with two media servers.
This artwork has been sold for 28.9 million US dollars in a similar auction in which Everyday: the first 5000 days had been sold. After getting sold in Christie’s auction, there was an immersive bust in the value of Human One. It is not getting sold even for 1 million US dollars in the NFT market.
Cryptopunks 7523
The pixel art characters created uniquely are known as Cryptopunks. It is a fact that these Cryptopunks are generated on the ethereum blockchain by a duo living in Canada. They had created approximately 10000 Cryptopunks in 2017 with the help of an algorithm. In the initial period after creating Cryptopunks, anyone who is having ethereum wallet can easily acquire these non-fungible tokens.
Out of all the Cryptopunks they had created, Cryptopunk #7523 is the most expensive non-fungible token, which had sold for 11.75 million US dollars. One million US dollars is the amount from which the bidding of this non-fungible token started. To make Cryptopunks #7523 popular, they named it COVID alien because this pixel art character wears a hat like a surgeon and a mask. This non-fungible token was sold in Sotheby’s auction and purchased by an investor, a shareholder in a well-known betting platform, namely, Shalom Mackenzie.
Data and information are provided for informational purposes only, and are not intended for investment or other purposes.
