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5 Expensive NFTs of our times

In recently, NFTs (Non-fungible tokens) have gained a many popularity at this times. These are digital assets stored on the block-chain and could be a photo and video, the digital painting and an audio file. Non-fungible tokens sales these days tend to hit the headlines given the high numbers associated with their sales. We take a look at the most expensive Non-fungible tokens sold on till date.

In 2022, it would be expected that Non-fungible tokens will continue to be the buzzword and according to a report by Business Insider, analysts that JPMorgan said the total market capitalisation of the Non-fungible tokens universe is about US$7 billion. This figure could potentially grow in further but the bank caveat saying - The growth of the Non-fungible tokens market would be conditional on Non-fungible tokens market participants and regulators addressing the legal issues facing in the industry.

There are top five most expensive NFTs in 2021 in US dollars

• CyptoPunk #3100 to $7.67 million
• Beeple’s Human One to $28.9 million
• Pak’s “The Merge” to $91.8 million
• CyptoPunk #7523 to $11.75 million
• Everydays: the First 5000 Days to $69.3 million

CryptoPunk #7523

The CryptoPunk #7523, much more like the earlier CryptoPunk, is of the alien variety with blue-green skin and is wearing a medical mask. It was sold out up to US$11.7 million by Sotheby’s online auction, Natively Digital - A Curated Non-fungible tokens Sale. The Non-fungible tokenswas bought by Israeli entrepreneur Shalom Meckenzie.

Pak’s ‘The Merge’ and CryptoPunk #5822 - USD 24

Since 2021, December 2, the Merge officially became the very expensive Non-fungible tokens ever sold when it was sold out for $91.8 million. A total of almost 30,000 people pitched in together to buy this Non-fungible tokens.

CryptoPunk #5822 remains for the very expensive CryptoPunk character sold thus far. The character was bought by the CEO of Chain, Deepak Thapliyal, for USD 23.7m in 2022, February 12. The CryptoPunk Non-fungible tokens series has been more expensive since they were launched, with a trading volume of over USD 9bn. CryptoPunk #5822 character features a blue alien wearing a bandana, and it is reported that the original owner bought the piece for less than 1 ETH (up to USD 2,000 at the time of writing).

CryptoPunk #3100

Since 2021, 11^th of March, The CryptoPunk #3100 was purchased about 4,200 ETH which is up to US$7.67 million. The CryptoPunks is one of the earliest Non-fungible tokens collections made, way before the Non-fungible tokens collections saw of their boom in the market. The CryptoPunks was released in 2017 on the Ethereum Blockchain.

Beeple’s Human One

Beeple’s Human One Non-fungible tokens is a hybrid digital or physical artwork by Beeple, which sold out up to US$28.9 million, auctioned off as part of Christie’s in 21^st Century Evening Sale” on 9^th of November. The work is a kinetic video sculpture with a corresponding dynamic Non-fungible tokens and designed to continuously display artwork that will evolve over time.

Everydays: The First 5000 Days

Another Beeple masterpiece, daily is a collection of 5000 individual pieces of digital art all in one collage. Since 2007 Beeple pledged to make 1 piece of digital art for everyday and Everydays is a collection of the first 5000 days. ‘Everydays - the First 5000 Days’ sold out up to $69.3 million and very expensive Non-fungible tokens ever sold to a single buyer.