Tokens that are not fungible are called non-fungible tokens (NFT). The blockchain stores data that is unique to that token. By selling tokens on cryptocurrency exchanges, you can cash out the proceeds. Based on the capabilities of the distributed public blockchain network Ethereum, Izvestia examined the ten most expensive NFTs projects currently. In this article we will have a look at one of the most expensive NFTs.
Recent Developments in the NFT space
NFT games are the new next big thing? Games like World of Warcraft, whose players number in the millions, have created online economic climates similar to those found in video gaming universes.
The ‘freemium’ design is being applied to a number of free-to-play games, where players must spend money on top of their time and effort to rise through the ranks or gain unusual in-game items. Although these in-game items deserve some coin, the real ownership of these items lies with the game programmers, not the players.
As with regular video games, there are a series of attributes like point scoring, competitions, as well as rules of play however NFT video games are constructed using blockchain technology. Combining these two developments has created GameFi, a service where gamers can trade game assets for cash.
Throughout the game world, proprietors are able to possess as well as sell NFTs, which can be possessed and also purchased by gamers and also collection agencies. Axie Infinity, for example, trades Non Fungible Tokens for each creature or ‘axe’. For instance, Axie’s situation allows gamers to trade their tokens in exchange for crypto benefits, like the native token for the video game. Now Let’s look at one of the most expensive NFTs.
Most Expensive NFTs in the town
“Daily: first 5000 days”
The leading position, according to the latest data, is occupied by the digital collage Everydays: The First 5000 Days in JPEG format (resolution 21,069 × 21,069 pixels). The series was invented by US artist Mike Winkelmann (pseudonym Beeple). The composition with an initial price of $ 100 was sold on March 11 for $ 69.34 million to investor and entrepreneur Vignes Sundaresan, known on the Web under the nickname Metakovan which is one of the most expensive NFTs in the town. For the first time in the history of NFT transactions, the sale was carried out through the reputable auction house Christie’s.
In second place is the three-dimensional kinetic sculpture of an astronaut with the philosophical name “One Man”. The work was created by the same NFT artist Beeple, on November 9, 2021, it was bought at auction for $ 28.985 million by Ryan Zurrer, a venture investor, founder of the Swiss firm Dialectic specializing in cryptoassets which is another one of the most expensive NFTs. The work is a three-dimensional sculpture and a combination of digital images, accessed through the Ethereum blockchain.
CryptoPunk # 7523
The deserved “bronze” goes to one of the CryptoPunks , according to experts, to the first NFT avatar launched four and a half years ago. What started out as a giveaway of gratuitous Punks tokens later became a commercial phenomenon. The most expensive in the set is COVID Alien, which depicts an alien in a protective mask.
The previous owner, known by the nickname Sillytuna, bought a simple 8-bit 24×24 pixel image through an over-the-counter deal. After selling the picture through Sotheby’s for $ 11.754 million, he tweeted: “The NFTs are dead.” Later, he assured the public that he had already spent part of the funds to purchase another piece of art. The buyer is unknown.
CryptoPunk # 3100
In fourth place is another CryptoPunk, avatar number 3100 . On March 11, 2021, it was resold to an unknown person for 4200 ETH ($ 7.58 million). As experts note, the value of CryptoPunk in the secondary market strongly depends on who it is. Let’s say aliens are more expensive than human beings than it can become one of the most expensive NFTs.
The smaller the group of creatures with which the tradable character is associated (for example, there are only nine aliens in the collection) and the more unique its accessories, the more expensive the bargaining item. By the way, “punk” -3100 is the only alien in the collection with a bandage instead of a headdress.
CryptoPunk # 7804
The third CryptoPunk is in fifth place – CryptoPunk # 7804 . He is also an alien, but the only one who smokes a pipe. On March 10 of this year, this NFT was sold for 4.2 thousand ethers, which was equivalent to $ 7.57 million. The purchaser of the masterpiece also decided to remain anonymous and bought one of the most expensive NFTs.
The sixth place is taken by the completely digital work of CROSSROADS of the same Beeple. It was sold for a rather modest $ 6.6 million to a certain Delfina Levkas, known under the nickname BabyBeluga and who describes herself briefly: “greedy for NFT” who suuposedly holds one of the Most Expensive NFTs The sale took place online at the Nifty Gateway digital art cryptocurrency market on February 25 this year.
CROSSROADS video art is dedicated to the 2020 US presidential election and features figures of people moving past the defeated colossus with the characteristic features of Donald Trump. The body of the lying person is covered with offensive inscriptions.
A Coin for the Ferryman
Seventh place for NFT by renowned crypto artist XCOPY. The project was sold to a buyer under the nickname jpeggy on November 4, 2021 on the SuperRare marketplace. The price was 1330 ETH, which is approximately $ 6.03 million at today’s prices. A unique piece called “A Coin for the Ferryman” dates back to 2018 and is one of the earliest creations of this master’s most expensive NFTs.
We give the eighth point to the next picture of Beeple called OCEAN FRONT. P redstavlennaya token NFT, it is part of a series of works titled EVERYDAYS. It is dedicated to the problems of environmental protection, the climate crisis and the reduction of greenhouse gas emissions into the atmosphere. “Together we can work it out,” says the artist in the accompanying caption. By the way, the seller intended to donate the collected money to charity.
The sale took place in March 2021 on the Niftygateway platform. The job for $ 6 million was acquired by an American entrepreneur of Chinese origin, the founder of Tron and the cryptocurrency of the same name, Justin Sun, who now holds one of the most expensive NFTs with multiple companies and a lot of TRX.
CryptoPunk # 5217
The ninth line is occupied by another avatar from the CryptoPunk series, which turned out to be one of the most popular in the NFT field. Experts admit that in the near future the value of this group of tokens is able to jump even higher, since they are actively being bought by some anonymous investor, apparently with a decent capital. CryptoPunk avatar # 5217 was purchased by an anonymous buyer bought one of the most expensive NFTs for 2,250 ETH, or $ 5.4 million.
Closes the NFT rating called “Stay Free”. This token was personally put up for sale by former CIA and NSA special agent Edward Snowden. Bidding took place on the Foundation marketplace. His brainchild is a collage of pages of a court order in which the activities of the NSA were declared illegal. The work was auctioned for 2,224 ETH, which at the close of the auction was $ 5.40 million, again which is one of the most expensive NFTs. The work was bought by a collective of collectors known as PleasrDAO . The proceeds, according to the seller, were to go to the needs of the Freedom of the Press Foundatio, of which Edward Snowden himself is president.