Top 5 Non-Fungible Tokens (NFT) of 2021
By early 2021, relatively few had heard of non-fungible tokens (NFTs). By the end of the year, they had become popular enough that Collins Dictionary called NFTs its word of the year for 2021. Monthly sales of digital tokens âhoverâ around $ 2 billion, according to JPMorgan analysts. Analysts have estimated the total market capitalization of the NFT universe to be $ 7 billion.
Much of this money is for the digital artwork market. Unique artist-signed crypto tokens have been fetched high prices in the tens of millions of dollars from buyers. In the process, they created a new ecosystem populated by existing and new actors. Prestigious auction houses like Christie’s and Sotheby’s have already taken the NFT train. New ones, like OpenSea and Nifty, have also grown in popularity.
Here is a list of the top five NFTs by price in 2021. In addition to the five NFTs below, several others have received high ratings from buyers. For example, artist Beeple’s Crossroad grossed $ 6.6 million on Nifty, while Twitter co-founder Jack Dorsey’s very first tweet âJust set up my twtrrâ sold for $ 2.9 million.
Key points to remember
- Non-fungible tokens have exploded in popularity in 2021.
- The most expensive NFT is a digital collage of images of Beeple that sold for $ 69.3 million at a Christie’s auction in March.
- Alien cryptopunks, a unique pixel art created using algorithms in 2017, dominate the list of the most expensive NFTs.
Daily: the first 5,000 days
Sale price: $ 69.3 million
Mike “Beeple” Winklemann’s collage of daily images dating back to 2007 is the most expensive NFT ever sold. He is credited with having sparked the NFT craze. Daily: the first 5,000 days was sold on March 11, 2021 at Christie’s auction house and purchased by a Singapore-based cryptocurrency investor who paid for the artwork in Ether (ETH).
The NFT buyer did not obtain a physical product; instead, he got a digital artifact. the Everyday the sale took Winklemann from an unknown graphic designer in Florida to the person behind the third most expensive piece of art by a living artist.
Sale price: $ 28.9 million
Winklemann struck gold again with his art in November with Human, a hybrid physical and digital work of art. It has been described as a “kinetic video sculpture” and consists of four video screens on polished aluminum metal, a mahogany wood frame, and two media servers. The coin, which comes with a token, sold for $ 28.9 million at Christie’s. The auction house described Winklemann “among the three most valuable living artists”.
The average price of an NFT as of January 1, 2020 was $ 24.98. It was $ 913.48 on November 30, 2021.
Cryptopunk # 7523
Sale price: $ 11.75 million
Cryptopunks are “uniquely generated” pixel art characters on the Ethereum blockchain by a duo of Canada-based developers who run Larva Labs. A total of 10,000 Cryptopunks were created or algorithmically generated with code in June 2017. Initially, they were free for everyone to acquire with an ETH wallet. Since then, however, they have been part of a thriving resale market and offer a wide range of prices. Nine aliens were part of the original batch and are considered the most unique and expensive.
Of these, the current record for the most expensive price is based on Cryptopunk # 7523. The NFT was struck in 2017 and was called a “COVID alien” because it was wearing a mask and a surgeon’s cap. It was auctioned off at Sotheby’s for a final price of $ 11.75 million. Auctions started at $ 1 million, and more than half of the final price was racked up in the last few minutes, according to reports. Cryptopunk was bought by Shalom Meckenzie, the largest shareholder of the Draftkings gambling platform. After purchasing Cryptopunk # 7523, he said, “I thought it was symbolic of COVID and the popularization of NFTs.”
Cryptopunk # 3100
Sale price: $ 7.67 million
While Cryptopunk # 7523 aroused interest because it was representative of a certain era, Cryptopunk # 3100 rubbed shoulders with a record price based on its banner. The alien’s blue and white banner was considered unique enough that the NFT sold for $ 7.67 million on March 11, 2021 on OpenSea, the world’s largest NFT platform. It is currently on sale for 35,000 Ether, or $ 158.7 million, although no offer has yet been made.
Cryptopunk # 7804
Sale price: $ 7.57 million
Cryptopunk # 7804 is also an alien and has a cap, wears sunglasses, and smokes a pipe. It was good enough for a buyer to lose $ 7.57 million on March 11, 2021. Even after it was sold in March, there were several bids, and the price range of those bids extended over a range. wide amplitude. For example, on August 6, 2021, an address on Ethereum’s blockchain made an offer of $ 6 for # 7804. On October 29, 2021, someone made an offer of $ 87.64 million for the same artifact.