It would not be fair to say that the New Financial Technologies (NFTs) have become leaders in the cryptocurrency arena, where they have taken an important role in changing the way we see and think about art in the past year.
As a result, NFTs have provided a method of establishing the rarity of digital objects in the real world, and artists have been able to take advantage of this new technology as a means of demonstrating artistic value.
This year’s year has seen a significant rise in the popularity of NFTs, with the Google search interest for the term trading reaching the highest levels ever, as well as the growth of NFT marketplaces such as Nifty Gateway and OpenSea, as all the markets want to become acquainted with this emerging asset class.
This trend of interest in the future of voting is not restricted to the number of people who are interested. It is fairly common for the average price of an individual NFT to be around $25,000, while artists like Beeple breaking sales records whenever they release an album. In order to demonstrate the extraordinary capabilities of NFTs, we will show you some of the more outrageously expensive NFTs you have ever seen.
Beeple’s Ocean Front — $6m
Beeple is not shy when it comes to letting people know what he wants. Beeple creates harsh reflections of our reality, ranging from politics to global warming. He raises awareness of the impact of climate change in this piece. In the NFT, three mini vans and a trailer are balanced on scaffolding, and one tree is standing on top of the structure. The purpose of this piece is to depict the insecurity of our society through the metaphor of art. Ocean Front was part of his Everyday collection, sold through Nifty Giveaway in March of 2021 as part of the Everyday Collection.
XCopy’s A Coin for the Ferryman — $6.034m
In this case, XCopy went above and beyond with this NFT, which is why it’s important to provide a notification. This picture is depicting a man in a suit and tie who appears in the foreground of “A Coin for the Ferryman.”. There is a bubble-like background that is accompanied by the flashes representing all the colors of the rainbow while a man who is looking down with a gaping mouth keeps glitching over and over. NFT has posted a hashtag through the XCopy platform called “#banker” where you can follow the conversation. A mysterious hybrid NFT was bought through SuperRare on November 4, 2021, taking place somewhere in the United States.
Beeple’s Crossroad — $6.6m
A subtle change in the tone of Beeple’s Crossroad may be the result of a shift in style from his usual course of action. During the NFT, a man lies face-first in the background, observing the scene briefly while he at the same time lies face-first. A figure standing on the ground is covered with paint strokes and words that have been painted on it, and in the background, there are people who are walking that are not paying attention to the figure standing on the ground. There was a man’s body, which became a large blue bird and was attacked by a Twitter-signature whistle. There appeared a speech bubble inside of which was an emoji of a clown.
Beeple created this artwork prior to the 2020 election between Trump and Biden, so his work was created prior to that election, when we were uncertain of the outcome of the election. It turned out that the person lying on the ground behind the painting was former President Donald Trump, and that this piece was actually a symbol of the fact that he ended up losing the election he was running for. In the year 2021, Nifty Gateway sold the painting through the platform on February 25, 2021.
CryptoPunk #7804 — $7.6m
The next CryptoPunk in the list is certainly not the last one, but surely one of the most interesting ones. There are only nine CryptoPunks called Alien, and #7804 is one of them, and he has a cool cap, pipe, and sunglasses to boot.
Dylan Field, the CEO of Figma, announced several years ago that he owned the digital Mona Lisa since it existed in digital format. Most everyone thought he was joking when he made the announcement. However, considering the artwork in question is a low-res picture of a blue alien wearing a hat and puffing on a pipe that was generated using an algorithm, the concern was not out of the ordinary. The piece is called “CryptoPunk #7804,” and it certainly does not scream “high art.”
There is no doubt that this product would have been a product you would possibly enjoy to own in the past if it was introduced when it was first on the market, and that is for certain.
CryptoPunk #3100 — $7.67m
Three years after #7804 sold on March 11, 2021, #3100’s price it was increased even more than that of the previous day.
It’s another Alien punk, but it’s wearing nothing but a headband this time. Still, this number is considered to be the seventh most rare CryptoPunk in the world.
CryptoPunk #7523 — $11.75m
This CryptoPunk was part of one of the most notable sales of the year in terms of NFTs, due to the fact that it is one of the character in the collection that can be considered a native to the internet, and which was part of the auction “Natively Digital”, that was held by the renowned auction house, Sotheby’s, and which sold for 11.7 million dollars.
Beeple’s HUMAN ONE — $28.985
It would be fair to say that Beeple is one of the fundamental exponents of the artistic approach toward NFTs, in addition to being a forerunner and a guru of computer-based NFT art. Additionally, his work Human One sold for the second most million in the 2021 NFT auction at Christie’s, when his work was sold for $29 million.
A work of generative art, the NFT is a work of art that combines generative motion and movement, which is a work that, as Beeple explained, represents the idea of the first human to be born in the Metaverse, as it is an amalgam between the physical and digital worlds that Beeple will update in the future, which represents an unprecedented feature that it can implement with blockchain technology.
Clock — $52.7m
Julian Assange has been imprisoned for nearly 90 days. The “clock” represents each day that Julian spends in prison, which is how he has been informed of the prison term by the BBC. Pakasam was writing the piece at the time that Julian was being held in prison.
Originally from Australia, a group of more than 10,000 people got together to purchase the NFT so that Assange could be supported legally. These people are raising funds for Assange to be defended, and are buying the NFT as a way to do so. At the National Fudge Festival, there were an estimated 230,000 visitors and a total of $6.7 million.
Everyday: the First 5000 Days — $69.3m
There was no mystery as to why NFT issues in 2021 were largely addressed in trade journals about the sale of The First 5000 Days by the digital artist Beeple, to a Christies auction for 69.3 million dollars, which has been dubbed one of the media’s most high-profile sales in recent times.
The Beeple artwork that has been reproduced daily in a digital format by Beeple’s team for the past decade and a half has been Beeple’s personally crafted work. At this current phase of crypto art, it is this art that is capturing the interest of the media as well as the artists currently participating in the process, who are visualizing different models that could be explored. Upon more careful reading, one notices that The First 5000 Days is by definition the most expensive digital collectible ever made, as it is the first of the brand new segment that will be rising in 2021.
Pak’s ‘The Merge’ — $91.8m
The Merge, a Pak work, was sold for $91.8 million in December of 2021, becoming the most expensive NFT piece ever to be sold. The Massive of almost 30,000 collectors came together to make the bid, helping the piece to become the most expensive ever to sell.
As with most of the cards in the top ten list, Clock is one of the ones that has more than one owner in addition to its current value. The profile of this card is also very attractive given its current value, which has more value than when the card was released.
No matter how many different words are used to describe NFT, New Frankenstum (NFT), or their own individual meanings, the question still remains of how high the price ceiling can be if NFTs continue to grow in popularity over the years.
If you have the hard work and patience to put money into the right projects and make yourself trustworthy and reliable, then you might find yourself sitting on a nice, small fortune in the not too distant future.