The world of the NFT is still something of a mystery to most people, but it is bigger than people might imagine. The NFT world is not limited only to the art, however, objects in the Art category have the highest prices. In addition, there is an introduction of NFT in games (trade in-game objects). The industries associated with the production of digital content: music and video, are beginning to actively experiment with this technology as well.
The profitability of this market attracts celebrities to create their own collections as well. For example, a well-known person in NFT space is Paris Hilton now, who launched a metaverse game. A well-known purchase was the acquisition of NFT from the BAYC collection by Eminem for $460,000 on OpenSea. And there is more and more news about celebrities joining the NFT world.
What kind of NFTs are people willing to spend millions of dollars on and why are they interested in them?
Collectors from all over the world find something special in the NFT for themselves. Some people buy NFTs as part of digital art, some people buy them to join the community of NFT collections and share interests with other holders, some people use NFTs as an investment. Below is a list of the most expensive NFTs ever sold:
CryptoPunk #9998 by Larva Labs — $529.77 million
Image source: CryptoPunk #9998
The Merge by Pak — $91.8 million
Image source: The Merge
The First 5000 Days by Beeple's — $69 million
Image source: The First 5000 Days
Clock by Pak — $52.7 million
Image source: Clock
HUMAN ONE by Beeple's — $28.9 million
Image source: HUMAN ONE
CryptoPunk #5822 by Larva Labs — $23.58 million
Image source: CryptoPunk #5822
CryptoPunk #7523 by Larva Labs — $11.8 million
Image source: CryptoPunk #7523
CryptoPunk #4156 by Larva Labs — $10.35 million
Image source: CryptoPunk #4156
CryptoPunk #7804 by Larva Labs — $7.56 million
Image source: CryptoPunk #7804
CryptoPunk #3100 by Larva Labs — $7.51 million
Image source: CryptoPunk #3100
Behind each of these NFTs lies a creation story that attracts collectors and gives more value in the NFT world.
The limited NFT collection CryptoPunks is especially popular. CryptoPunks is a pixelated collection that is revered as one of the oldest NFT projects on the Ethereum blockchain. Some NFTs are especially rare, making them highly sought after by collectors.
In addition, the collections team has done a great job of promoting, giving out exclusive opportunities for holders and attracting new people to the community. Among members of this community are many celebrities such as Jay-Z, Serena Williams, Gary Vaynerchuk, Dylan Field. The collection became so popular that Visa has joined the craze by buying Punk for $160,000.
However, now the market is changing and new categories are emerging that interest people in this area. For example, since 2019, the categories "Games" and "Metaverse" have been gaining popularity (both in terms of the volume of exchange and the number of transactions). Once free NFT tokens are now worth a lot of money. But despite positive examples, when acquiring this kind of assets, always assess the risks.