One of 's earliest pieces, "A Coin for the Ferryman" was created in 2018 by an artist that goes by the name of XCopy. The artist originally created two versions: one if Donald Trump won and the other if he lost. The artwork is related to the presidential election in 2020. "Crossroads" is another Beeple work, this one sold just days before Everydays. "CryptoPunk #7804" is another 'alien' that has a cap, wears dark glasses, and smokes a pipe. CryptoPunk #3100 ($7.67 mil)Īnother of the alien CryptoPunk series made it into the top-10 list after being purchased by the leading shareholder of DraftKings, a sports betting company that now offers sports memorabilia NFTs. Nine of the original creations are referred to as 'COVID aliens' due to their appearance and are the most sought after and expensive. They were free at first but have since gained enormous value through resales. This stems partly from the fact that there were initially 10,000 of them created (all slightly different and computer-generated). "CryptoPunks" occupy several spots on the Top-10 list of most expensive NFTs. It was sold for $28.9 million at auction in November 2021. The physical exhibit included a digital token. It was described as a "kinetic video sculpture" and consists of four video screens on polished aluminum metal, a mahogany wood frame and dual media servers. "Human One" is both a physical and digital artwork. The sale catapulted Winklemann, a Florida-based graphic designer, into global recognition and made him one of the top-selling living artists in the world. The buyer received only a digital artifact, nothing physical to accompany it. ![]() The "Everydays" NFT was purchased on March 11, 2021, at a Christie's auction house by a Singapore-based cryptocurrency investor who paid for the artwork in Ether ( ETH-USD). This JPG file represents a collage of images created by the artist one day at a time since 2007 and is often credited with starting the craze for NFTs. "Everydays - The First 5000 Days" is the product of Mike Winklemann, an artist also known as "Beeple". Everydays: The First 5000 Days ($69.3 mil) It is the only one of the top sellers to be purchased by a group rather than an individual. ![]() These collectors cobbled together an investment of $91.8 million. "The Merge", by an artist called Pak, was purchased by a syndicate of nearly 30,000 collectors on December 2, 2021. Bear in mind that the list changes frequently. Here are the top 10 NFTs by value, based on sales through December 18, 2021. Both NFTs and NFT tokens have the potential to appreciate, so both may hold interest for investors, but they are very different. WETH and MANA are crypto tokens used to purchase NFTs. Therefore, buying an NFT on OpenSea (a member of the Ethereum network) requires Ethereum's fungible WETH token, whereas buying NFTs on Decentraland requires its native fungible token MANA. In general, NFTs are available from certain marketplaces where it is required to use a blockchain-specific token. Similar to money in the physical world, which can exist in different currencies, the digital world has different crypto tokens. They are fungible meaning that they can be exchanged with each other and that one token will equal the value of an identical token. NFTs frequently represent art or collectibles, which can range from graphics of bored apes to sports collectibles.Ĭryptocurrencies are digital currencies that are often used to purchase NFTs. They can be traded, but each NFT will have its own value, based on supply and demand. ![]() NFTs are cryptographically unique digital assets, meaning, each of them is uniquely identified in the blockchain. Both are "tokens" and both are viewed as assets that may appreciate. It's easy to confuse cryptocurrencies and NFTs. NFTs are non-fungible versions of digital tokens, meaning that they are one-of-a-kind assets, generally representing ownership rights to digital art, but not always the original work from which the NFT is derived. The idea of digital tokens or cryptocurrency is one part of the digital transformation taking place in today's economic landscape.
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