NFT art is one of the most hottest topics in the world right now. These digital artworks are created using blockchain technology, which guarantees their authenticity, but most of all generates the necessary hype.
And as the world continues to move in the direction of NFTs, more and more artworks get produced every day. Some are to be forgotten, some are here to stay.
In 2022, we have seen some of the most expensive NFT artworks selling for over $10 million.
Some analysts say that by the next year, we might see this threshold increase even further due to the increasing popularity of projects like Metaverse that make use of NFTs for avatars and to mark virtual land.
Others say that NFTs are just a fad that will very soon blow over and only a very brave man or woman would go into that market to try to make a profit.
But if you’re looking for a truly unique art item, NFT art might be worth considering. NFTs are a representation of the internet culture and the zeitgeist, much like physical art used to be.
To give you a peek into what the internet culture values the most, here are some of the most expensive NFT art pieces that sold since the craze started in 2021.
Bored Ape #2087 (US$2.3 million)
Not by far the most expensive, but probably the most well known NFT series in the community is the Bored Ape Yacht Club, or BAYC.
This particular ape artwork sold for the highest price of any BAYC NFT. It was originally listed at $2 million USD in late 2021. The NFT has changed hands several times since then but the dollar valuation has been fluctuating.
CryptoPunk #7523 (US$11.75 million)
CryptoPunk series is one of the high-profile NFT art sets that caught the attention of traditional art dealers.
Sotheby’s disclosed that in 2021 the artwork was purchased by Israeli entrepreneur Shalom Mackenzie, a stakeholder in a digital sports corporation.
CryptoPunk #5822 (US$23.7 million)
Another artwork from the same set.
The CryptoPunk series has been a huge success with #5822 making an impressive sale after being sold for approximately $23.7 million.
Everydays: The First 5000 Days (US$69 million)
Mike Winkelmann is a popular digital artist who has been creating art for over 10 years. He’s best known as Beeple, a nickname under which he produced the First 5000 Days series – an impressive set of digital artworks. The series was sold at Christie’s for $69 million to an Indian cryptocurrency investor, Vignesh Sundaresan.
The surge in the NFT market has left many people shocked and amazed at just how much money can be made from these digital arts.
Seeing sky-high valuations like these makes it easy to believe how many people make it their daily work to engage in bounties on social media, hoping to grab some Metaverse land or a free artwork from up and coming artists.
It will be interesting to see if there is yet more to come or if NFTs will slowly vanish out of the radar.