Top 5 costliest NFTs ever sold

Highlights

• Beeple, Pak, CryptoPunks, and BAYC are some notable names in the NFT verse

• Pak’s Merge was reported to have sold for a whopping US$91.8 million in December 2021

• Single sellers have bid heavily for Beeple and Pak artworks, with ownership now on blockchain

The non-fungible token (NFT) category of digital assets is carving its own path. Cryptoassets like BTC and ETH are fungible in nature, which sets them apart from NFTs.

Any single NFT is said to be unique and unlike any other. The holder has the ownership rights over that NFT, recorded on blockchain. This way, enthusiasts claim, the title becomes immutable. Usually, NFTs represent a digital work, for example a painting or a video. The holder of any particular NFT can have a claim on the underlying digital work.

That said, NFTs have sold for jaw-dropping prices in auctions. Many NFT projects like CryptoPunks, BAYC, and Beeple are popular today, with some having their native tokens as well. BAYC project had launched the token ApeCoin a couple of months back.

Below are the costliest NFTs ever sold.

1. Everydays by Beeple

Beeple is one of the most popular names in the NFT space. The artist recently join forces with Madonna to launch three NFTs for charity purpose.

Everydays: the First 5000 Days is said to be a combination of 5,000 images. It is a digital artwork. The work sold in March 2021 as an NFT in an auction by Christie’s. The price it fetched was estimated to be US$69.3 million that has yet to be toppled by any other. Though it was reported that artist Pak’s The Merge NFT has sold for nearly US$91.8 million, it was not purchased by any single buyer.

Everydays had a single buyer. It is also said that buyers of digital artworks can display them on digital spaces like metaverse.

Also read: Why are NFTs valuable?

2. Clock by Pak

Pak is another popular digital asset creator. It is estimated that the total value of his artworks that have sold to this day is in hundreds of millions of dollars. By sales volume too, he is said to top the list.

Clock NFT sold in February this year for an estimated US$52.8 million. It is linked to Julian Assange’s time in captivity. The artwork is said to be a timer.

3. HUMAN ONE by Beeple

Third on the list is yet-another work by Beeple. It sold in November last year for an estimated US$28.9 million. Auctioned at Christie’s, it is said to be a video sculpture.

CryptoPunks at number 4 and 5

Two CryptoPunks -- #5822, and #7523 -- rank fourth and fifth, respectively. CryptoPunks project has many other NFTs, said to be a collection of 10,000 assets. #5822 and #7523 sold on separate occasions for an estimated US$23.7 million and US$11.8 million, respectively.

Also read: 3 popular NFTs to look at as Coinbase launches social NFT marketplace

Viewpoint

Last year was arguable better for NFT verse. This year, the scene has not been as optimistic. In a recent auction on SuperRare, Madonna’s NFTs failed match the prices of above mentioned assets.

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