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The Most Famous and Expensive Non-fungible Tokens

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Source: Pixabay.com

Non-fungible tokens (NFTs) are cryptographic assets tokenized on a blockchain with unique identification codes and metadata to distinguish them from others.

Traders or NFT investors can exchange them for money, cryptocurrencies, or other NFTs. But NFTs’ price depends on the creator or market value.

NFTs have grown in popularity over the years, but it was not so about eight years ago. The asset class became popular as blockchain technology and cryptocurrencies gained more traction.

NFT sales often occur via online auctions. Below are the top famous and most expensive NFTs.

1.   Kevin McCoy’s Quantum

 

Kevin McCoy’s Quantum

Every story has a beginning. And that’s what Quantum represents in NFT history. Kelvin McCoy didn’t realize he was setting the pace for a path-breaking industry when de designed Quantum.

The digital art sat on the Namecoin blockchain from 2014 until 2021, when McCoy started promoting it on media outlets.

Quantum’s auction happened at Sotheby’s on June 2021 when it sold for over $1 million to Sillytuna, who won the highest bid.

READ ALSO: Rampant Crypto Scams: Can They Be Avoided

Though not breathtaking, Quantum’s background as the first ever minted and sold NFT makes it the most famous.

2.   CryptoPunks

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CryptoPunks NFTs

CryptoPunks are one of the first NFT projects to introduce computer-generated images. The artists behind the collection are Matt Hall and John Watkinson.

The duo created CryptoPunks elements and used AI to combine them into 10,000 avatars. CryptoPunks are in series, some more limited than others.

READ ALSO: US SEC Cautions Advisers to Exercise Intensive Scrutiny

For example, Zombie and Alien CryptoPunks are very rare and often make the list of the most expensive NFTs.

In February 2022, CryptoPunks #5822 sold for 8000 ETH, worth $23.7 million at the time of sale.

3.   Bored Ape Yacht Club by Yuga Labs

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Yuga Labs’ BAYC NFTs

The Bored Ape Yacht Club (BAYC) NFTs created by Yuga Labs are among the most famous NFTs. The NFT collection allows access to activities between Bored Ape Yacht Club members.

BAYC has the features of some avatar NFTs generated from a random selection of preset elements. Some BAYC NFTs are unique and more expensive than others, as they contain rare art elements.

In 2021, Bored Ape #8585 sold on OpenSea for 696.969 ETH, worth $2.7 million at the time of sale.

4.   Everydays: The First 5000 Days

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Everydaydays: The First 5000 Days by Beeple

Everydays: The First 5000 Days is an NFT with a unique background created by Beeple. It comprises Beeple’s 5,000 artworks made over 5,000 days.

To see each image, you have to make it very large, but the most incredible thing about the piece of art is the creation process.

Everydays: The First 5000 Days’ sale is the most expensive NFT sale as no other NFT has sold to its price.

The famous art auction house Christie’s sold it for 38,525 ETH in 2021, about $69.3 million at the time of sale.

5.   Right-click and Save As Guy

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XCOPY’s Right-click and Save AS Guy

The Right-click and Save As Guy NFT by XCOPY was minted in December 2018 and featured on BBC World News after Beeple’s Everydays auction.

It contributed to the change in public perception regarding NFTs. It sold to Cozomo de’Medici for $7 million on December 2021.

READ ALSO: What Is NFT? Everything You Need To Know About

6.   Other famous and expensive NFTs

Other famous and expensive NFTs include Beeple’s Human One, which sold for 4700 ETH, $28.9 million on November 9, 2021.

Another one is Julian Assange and Pak’s Clock NFT, which sold for 16593 ETH, $52.7 million in February 2022.

Though there are several famous and Expensive NFTs, these are the few we could capture in the article for now.

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