NFTs, or Non-Fungible Tokens, are growing increasingly popular, as investors and collectors look to get involved in the latest blockchain craze — and some of the prices being paid for them is insane.
NFTs are continuously growing in popularity throughout 2022, with art collections worth millions being sold as digital jpegs, and some of the top influencers and celebrities the world over getting involved in the action with their own projects, such as NELK’s Full Send Metacard.
We’ve seen collections like the Bored Ape Yacht Club and CryptoPunks become some of the most expensive pieces of art you could buy, with artists like Beeple and Pak selling their pieces for tens of millions of dollars.
But which ones are the most expensive? Let’s take a look.
(Note: Prices are in U.S. Dollars due to the fluctuating nature of the Ethereum blockchain. All figures accurate to Ethereum prices at the time of sale.)
10. Beeple’s Crossroad — $6.6m
Beeple’s Crossroad is just a short, 10-second movie of sorts, depicting people walking past a large, fallen body with insults written all over it.
Beeple’s works are so highly respected because they offer something slightly different from the regular NFTs you see — and the price speaks for itself.
9. CryptoPunk #7804 — $7.6m
Yet another CryptoPunk on the list, but certainly not the last. #7804 is one of just nine ‘Alien’ CryptoPunks, with a cool cap, pipe, and shades to boot.
This is definitely one you’d be delighted to have minted when it first launched.
8. CryptoPunk #3100 — $7.67m
On March 11, 2021, just one day after #7804 sold, #3100 became even more expensive than its brethren.
Another Alien punk, but this time sporting just a headband, #3100 is the seventh most rare CryptoPunk out there.
7. CryptoPunk #4156 — $10.26m
In a list largely dominated by the ever-popular CryptoPunks, #4156 ranks as the third most expensive Punk of all time. It was bought on December 9, 2021, just 10 months after a $1.25m sale. That’s a pretty solid return on investment!
6. CryptoPunk #7523 — $11.75m
Blowing all of its CryptoPunk fellows out of the water, #7523 is the third rarest in the collection, and it’s got the price tag to match.
The question now becomes, with two more rare CryptoPunks than #7523, how much more can they really be sold for?
5. CryptoPunk #5822 — $23.7m
Continuing in the trend of super-expensive ‘alien’ style CryptoPunks, 5822 shattered all expectations when it sold for over $23m on February 12, 2022.
At double the cost of the next highest CryptoPunk, 5822 might have just sent the entire collection even further into the stratosphere.
4. Beeple’s HUMAN ONE — $28.985
Beeple has sold some of the most expensive NFTs of all time, with three pieces in the top 10.
HUMAN ONE sold on November 9, 2021 for a fee just shy of $30m, closely linked to his previous piece ‘Everydays’ according to an interview with Christie’s.
3. Clock — $52.7m
‘Clock’ is a piece created by Pak and Julian Assange, and almost acts literally as a clock, counting the days that WikiLeaks founder Assange has been imprisoned.
The goal of the NFT was to raise funds for Assange’s legal defense and was ultimately purchased by AssangeDAO — a collection of over 10,000 people pooling their money to purchase the NFT and support Assange.
2. Everydays: the First 5000 Days — $69.3m
Another Beeple piece and the most expensive NFT ever sold to one sole owner — and there’s a good reason for it.
Beeple’s artwork is so high-tier and highly respected within the community, and this piece is essentially a collage of 5000 pieces of his work. Starting from 2007, he pledged to create one piece of art every day, and this is the result. Needless to say, it was worth the effort.
1. Pak’s ‘The Merge’ — $91.8m
Another Pak piece, The Merge officially became the most expensive NFT ever sold on December 2, 2021, with almost 30,000 collectors pitching together for a total cost of $91.8m.
This is the only NFT on this top 10 list to have multiple owners, besides Clock, and it shows in the crazy price tag on it.
There’s no doubt that NFTs are growing more and more popular as time goes on, but it really begs the question: How high is the ceiling for NFT prices?
Needless to say, if you mint into the right projects and show a bit of patience, you might be sitting on a nice little fortune down the line.