Crypto

Top 3 Non-Fungible Tokens (NFTs) of 2021

non-fungible token (NFT)

Non-Fungible Tokens were mostly unknown at the start of 2021. (NFT). By the end of the year, they’d grown in popularity to the point where Collins named NFTs the word of the year for 2021.   The monthly sales of digital tokens “hover” at roughly $2 billion, according to JPMorgan analysts. The overall market value of the NFT universe was assessed to be $7 billion by analysts.

A large portion of the money will be spent on the digital art industry. Unique cryptographic tokens signed by artists have fetched tens of millions of dollars in pricing from investors. They’ve also developed a new ecology, which is populated by both existing and new gamers. The NFT has already attracted the attention of prestigious auction houses such as Christie’s and Sotheby’s. New ones have also acquired popularity, such as OpenSea and Nifty.

The top five NFTs by price in 2021 are listed below. There are numerous other NFTs that have received high appraisals from buyers in addition to the three listed here. On Nifty, for instance, artist Beeple’s Crossroad sold for $6.6 million, while Twitter co-founder Jack Dorsey’s first-ever tweet “just setting up my twtrr” went for $2.9 million.

1. Everydays: The First 5000 Days

$69.3 million was the selling price. The most expensive NFT ever sold is Mike “Beeple” Winklemann’s collage of everyday pictures dating back to 2007. It is credited with kickstarting the NFT craze. Everydays: The First 5,000 Days was sold at Christie’s on March 11, 2021, and was purchased by a Singapore-based cryptocurrency investor who paid in Ether (ETH).

The NFT purchaser received a digital artifact rather than a tangible thing. With the Everydays sale, Winklemann went from being an unknown graphic designer in Florida to being the owner of the world’s third-most valuable living artist’s work.

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2. Human One

This digital product sold for $28.9 million. With Human One, a combination of physical and digital artwork, Winklemann hit gold with his art once more in November. It consists of four video screens on polished aluminum metal, a mahogany wood frame, and twin media servers, and is described as a “kinetic video sculpture.” Christie’s auctioned the artwork, which came with a token, for $28.9 million.89 Winklemann is “among the top three most valuable living artists,” according to the auction house.

3. #7523 Cryptopunk

$11.75 million was the selling price. Cryptopunks are “uniquely generated” pixel art figures on the Ethereum blockchain created by Larva Labs, a Canadian developer partnership. In June 2017, a total of 10,000 Cryptopunks were formed or algorithmically generated using code. Initially, anyone with an ETH wallet could get them for free. They have, however, become part of a booming resale market, commanding a wide variety of prices since then. Nine aliens were included in the original batch, and they are the most valuable and unusual.

Cryptopunk #7523 has the current record for the most costly price among these. Because it wore a mask and a surgeon’s cap, the NFT was dubbed a “COVID alien” when it was released in 2017. It was auctioned off for $11.75 million in a Sotheby’s auction.

According to reports, bidding began at $1 million and reached more than half of the ultimate amount in the last minutes. Shalom Mackenzie, the leading shareholder in the in-game betting site Draftkings, bought Cryptopunk. “I believed it was emblematic of COVID and the popularization of NFTs,” he commented after acquiring Cryptopunk #7523.

The Author

Oladotun Olayemi

Dotun is a financial enthusiast who specializes in first-in-class financial content, including crypto, blockchain, market, and business, to educate and inform readers.