NFT art is one of the hottest topics in the world right now. These digital works of art are created using blockchain technology, which guarantees their authenticity, but above all generates the necessary hype.
And as the world continues to move towards NFTs, more and more works of art are being produced every day. Some are to be forgotten, some are here to stay.
In 2022, we’ve seen some of the most expensive NFT artwork sell for over $10 million.
Some analysts say that by next year, we could see this threshold increase even further due to the growing popularity of projects like Metaverse that use NFTs for avatars and to mark virtual lands.
Others say that NFTs are just a fad that will die out very soon and only a very brave man or woman would enter this market to try and make a profit.
But if you’re looking for a truly unique piece of art, NFT art might be worth considering. NFTs are a representation of internet culture and the zeitgeist, much like physical art once was.
To give you a taste of what internet culture values the most, here are some of the most expensive NFT artworks sold since the craze began in 2021.
Bored Ape #2087 ($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 monkey artwork sold for the highest price of any BAYC NFT. It was originally listed at $2 million at the end of 2021. The NFT has changed hands several times since then, but the dollar valuation has fluctuated.
CryptoPunk #7523 ($11.75M)
The CryptoPunk series is one of the high profile NFT art sets that has caught the attention of mainstream art dealers.
Sotheby’s revealed that in 2021 the artwork was purchased by Israeli entrepreneur Shalom Mackenzie, a shareholder in a digital sports company.
CryptoPunk #5822 ($23.7M)
Another work from the same set.
The CryptoPunk series was a huge hit with #5822 achieving an impressive sale after selling for around $23.7 million.
Everyday: first 5,000 days ($69 million)
Mike Winkelmann is a popular digital artist who has been creating art for over 10 years. He is best known as Beeple, a nickname under which he produced the First 5000 Days series – an impressive body of digital artwork. The series was sold at Christie’s for $69 million to an Indian cryptocurrency investor, Vignesh Sundaresan.
The surge of the NFT market has left many people shocked and amazed at how much money these digital arts can fetch.
Seeing valuations as high as these, it’s easy to believe how many people make it their daily work to engage in social media bountieshoping to grab some free Metaverse land or artwork from up-and-coming artists.
It will be interesting to see if there is even more to come or if NFTs will slowly disappear from the radar.