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Top 10 Most Expensive NFTs Ever Sold (2022)
You are an NFTs enthusiast and want to know about the most expensive NFTs ever sold, right? We have compiled a list that contains the top 10 most expensive NFTs ever sold in NFTs history.
NFT stands for Non-Fungible Token. They are essentially digital coins that are traded on markets and kept on blockchains, usually representing works of art. Because of the possible downturn in cryptocurrency, some NFT collectors may be worried about the long-term prospects for their new investments.
The NFT mania seems to be sticking around well into 2022. Non-fungible tokens, including cat memes, pixelated apes, popular NFT collections like the Bored Ape Yacht Club, and a ton—and we do mean a ton—of punk-inspired avatars—have continued to draw in investors and collectors rich with cash.
We compared the top 10 most expensive NFT sales to date with our evaluations of the market in order to reflect on the market. As was already indicated, given their enormous rise to fame, certain NFTs are now selling for hundreds of thousands or even millions of dollars. The project’s buzz and supportive community are the main causes of this.
Before letting investors to buy a set number of their tokens, the majority of companies first establish a community on social media and Discord. The basic forces of supply and demand come into play when initiatives are able to create a lot of interest, and the price rises as a result.
Successful projects frequently experience enormous returns on investment, bringing in sizable sums from early backers. Despite recent declines in NFT prices, sales are actually on track to top last year’s total and reach a total of $90 billion by the end of 2022.
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What is an NFT?
NFT is a non-fungible token (NFT) that is issued on a blockchain to represent a special asset, such as a piece of real estate, art, music, or writing. Because each NFT is a distinct digital asset with a distinct identifier, they are not fungible.
No matter how similar two NFTs may appear, they cannot be used interchangeably. In contrast to an NFT, one bitcoin is equivalent to and marketable for another bitcoin.
Because of this, NFT technology is employed to produce ownership and authenticity proof on the blockchain. NFTs can be tokenized representations of physical things or whole digital assets like play-to-earn gaming items and metaverse land.
Top 10 Most Expensive NFTs Ever Sold
Here is a list of the most expensive NFTs ever sold:
- The Merge – $96 million
- Everyday: The First 5000 Days – $69.3 million
- Clock — $52.7 million
- Beeple’s HUMAN ONE — $28.9
- CryptoPunk #5822 — $23.7 million
- CryptoPunk #7523 – $11.75 million
- TPunk #3442 – $10.5 million
- CryptoPunk #4156 – $10.26 million
- CryptoPunk #5577 – $7.7 million
- Beeple’s Crossroad — $6.6m
1. The Merge
PRICE SOLD – $96 million
The most expensive NFT ever sold is The Merge. It was produced by well-known digital artist Pak, whose works have brought over $350 million. It was purchased for around $92 million by 28,983 participants who contributed a total of 312,000 shares (each of which is an NFT).
Given that the initial cost of each of these machines was $575 and that it then increased by $25 every six hours, that is quite astounding. In the end, The Merge has elevated Pak beyond Jeff Koon’s Rabbit from 1986, which sold for $91 million, to become the most valuable living artist in history.
More so, The Merge officially became the most expensive NFT ever sold on December 2, 2021, with almost 30,000 collectors pitching together for a total cost of $91.8million. The Merge is first on our list of the top 10 most expensive NFTs ever sold.
2. Everydays: The First 5000 Days
PRICE SOLD – $69.3 million
Among the most expensive NFTs ever sold is Everydays: The First 5000 Days. Mike Winkelmann, better known by his stage name Beeple, is an American graphic designer. He created the digital artwork Everydays: The First 5000 Days.
This NFT was bought by NFT investor Metakovan through an auction sale at Christie’s and sold for $69.3 million in February 2021. The NFT is a montage of 5,000 past pieces by Beeple. People began posting fresh images to his Instagram feed every day for 13 years starting in 2007.
His “Everyday” artworks frequently depict post-apocalyptic settings and are usually inspired by current events or popular culture. This NFT collage serves as a good example of Beeple’s growth as a digital artist. The Everydays: The First 5000 Days is second on our list of the top 10 most expensive NFTs ever sold.
3. Clock
PRICE SOLD – $52.7 million
The Clock shows a dynamic timer that displays how many days WikiLeaks founder Julian Assange has been imprisoned. Assange is embroiled in a contentious legal matter.
He may spend up to 175 years in prison if extradited from Britain to the US on several espionage accusations. The NFT was created by Assange and digital artist Pak to pay for his legal expenses.
In February 2022, AssangeDAO, a decentralized organization (DAO) created to crowdfund the NFT sale, won an auction for it for 16,953 ETH. The 17,422 ETH that AssangeDAO initially raised to buy the NFT is still in their possession, in addition to the ETH they spent to buy Clock. The Clock is third on our list of the top 10 most expensive NFTs ever sold.
4. Beeple’s HUMAN ONE
PRICE SOLD- $28.9 million
Another of the most expensive NFTs is Beeple’s HUMAN ONE. The first physical artwork Beeple creates is HUMAN ONE, another record-breaking NFT. In November 2021, it fetched $28.9 million at Christie’s.
A 3D moving sculpture with four digital screens is called HUMAN ONE. It shows an astronaut traveling through several locations at various times of the day in an infinite video. The hybrid art displays Beeple’s desire to express himself artistically outside of the digital space. HUMAN ONE is fourth on our list of the top 10 most expensive NFTs ever sold.
5. CryptoPunk #5822
PRICE SOLD- $23.7 million
These pixelated CryptoPunks, one of the first well-known NFT projects, consistently rank among the most costly NFTs ever sold. In February 2022, CryptoPunk #5822 was sold for 8,000 ETH to the founder of a firm that develops blockchain technology.
There are just 9 of them in the entire NFT collection, making it the rarest alien edition. The fact that it is also one of the 333 with a bandana adds to its uniqueness. CryptoPunk is fifth on our list of the top 10 most expensive NFTs ever sold.
6. CryptoPunk #7523
PRICE SOLD- $11.75 million
CryptoPunk #7523 is another of the most expensive NFTs ever sold. The CryptoPunks are undoubtedly at the top of the list of the most popular tokens, regularly selling for record-breaking prices. Select NFT sets have developed a cult-like following.
The concept, which Larva Labs introduced in 2017, was influenced by the London punk scene, cyberpunk, and electronic music pioneers like Daft Punk. CryptoPunk #5822 comes in at the top of the list of most costly CryptoPunks (and ranks fifth on the list of most valued NFTs).
In February of this year, the token was sold for almost $23.7 million, and there seems to be a valid explanation for the high price: CryptoPunk #5822 is one of the series’ rarest alien editions, of which only 9 exist out of the 10,000 punks that were made.
Additionally, this token has a bandana and is one of 333 in total. Deepak Thapliyal, the CEO of Chain, bought the NFT. We can anticipate that it will continue to be one of the most expensive NFTs available considering how uncommon it is. CryptoPunk #5822 is sixth on our list of the top 10 most expensive NFTs ever sold.
7. TPunk #3442
PRICE SOLD- $10.5 million
Some see TPunks as Tron’s take on CryptoPunks, complete with recognizable pixelated faces that have varying rarities and qualities. This TPunk #3442 with the joker’s face is one of the rarest.
In August 2021, it was sold to Justin Sun, the CEO of Tron, for 120 million TRX. On the Tron blockchain, this was the most costly NFT ever sold. However, Sun did not maintain the TPunk. The moment he made the purchase, he gave it to APENFT. TPunk is seventh on our list of the top 10 most expensive NFTs ever sold.
8. CryptoPunk #4156
PRICE – $10.26 million
Another Punk is responsible for this being one of the highest NFT sales to date. CryptoPunk #4156, which sold for $10.26 million last year, is being used this time.
The pseudonymous collector Punk4156 decided to sell his collection after growing frustrated with the NFT project and the way Larva Labs handled community outreach, licensing advice, and communication.
However, 4156 is still active in the NFT field after becoming well-known for establishing Nouns, an NFT project that creates open-source IP. CryptoPunk #4156 is eighth on our list of the top 10 most expensive NFTs ever sold.
9. CryptoPunk #5577
PRICE – $7.7 million
Another of the most expensive NFTs is CryptoPiunk #5577. With CryptoPunk #5577 selling for $7.7 million back in February 2022 showed no signs of seeing a downturn in enthusiasm for CryptoPunks, even after the 2021 NFT frenzy.
Robert Leshner, the creator of the Compound DeFi protocol, bought this token. He announced his purchase with a “Yeehaw” tweet as CryptoPunk #5577, which featured a cowboy hat. CryptoPunk #5577 is ninth on our list of the top 10 most expensive NFTs ever sold.
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10. Beeple’s Crossroad
PRICE SOLD- $6.6m
A 10-second short film called Beeple’s Crossroad shows people passing a big, fallen body that has insults written all over it. Because they offer something slightly different from the typical NFTs you see and because they are so expensive, Beeple’s works are so well-regarded.
CROSSROAD
By @beepleThe #1/1 from beeple's first NG drop has just resold on the secondary market for $6.6 million.
History has just been made.
Congrats to beeple and of course to @pablorfraile for the sale. pic.twitter.com/mTYG4VABSw
— Nifty Gateway 🌐 (@niftygateway) February 25, 2021
Summary
The cost of NFTs has increased dramatically as a result of their recent meteoric growth in demand. Popular projects frequently sell collections for hundreds of thousands of dollars. We have examined some of the most expensive NFTs in this article.
Since the first NFT, Quantum, was released in 2014, a lot has changed. Since then, both financially and creatively, the sector has seen a transformation thanks to initiatives like CryptoKitties, Rare Pepes, and CryptoPunks. Sales of NFTs have exploded, and several of the most well-known NFTs have made millions of dollars. However, how high can the figures go in terms of pricey NFTs?
Given how quickly the NFT ecosystem is expanding and changing, it is difficult to say. And as time goes on, a lot of new artists make millions of dollars, and an increasing number of celebrities are buying Bored Ape Yacht Club NFTs for seven figures (and others). Although we are unable to predict how much the numbers will increase, we can identify the NFTs that have been selling the best so far.
Top 10 Most Expensive NFTs Ever Sold
Here is a list of the most expensive NFTs ever sold:
- The Merge – $96 million
- Everyday: The First 5000 Days – $69.3 million
- Clock — $52.7 million
- Beeple’s HUMAN ONE — $28.9
- CryptoPunk #5822 — $23.7 million
- CryptoPunk #7523 – $11.75 million
- TPunk #3442 – $10.5 million
- CryptoPunk #4156 – $10.26 million
- CryptoPunk #5577 – $7.7 million
- Beeple’s Crossroad — $6.6m
What Is The Most Expensive NFTs Ever Sold
The merge is the most expensive NFT ever sold. The $91.8 million price tag set a new record for a publicly auctioned work of art by a living artist. Nifty Gateway sold the NFT to 28,893 collectors, who bought 312,686 units of mass (which were single NFTs). These devices had a $575 initial price that rose by $25 every six hours.
Three sizable white masses (dots) against a dark background make up the NFT itself. The mass of mass consumers would grow as more joined them. A built-in mechanism of scarcity in the NFT ensures that the token supply is reduced over time. Every Merge token that is transmitted merges with the receiving wallet’s token, creating a single token with a larger mass value. Possibly, this will lead to just one ultimate situation over time.