Nobody expected that NFTs would become digital collectibles worth multiple millions of dollars. A jpg file that anyone could download or screenshot and “own” are selling for fortunes which causes all sorts of speculations.

There are many expensive NFT.which are sold in 2022. But if you want to know about the most expensive NFT. Then here are the details about the most expensive NFT.

What Is The Most Expensive NFT?

There are several different things that give an NFT some value. The biggest thing that increases the value of an NFT is demand, as we can see in popular NFT games like wizardia.io. If nobody wants that picture or video, no matter how good it is, it won’t have any value.

The same goes the other way. Even if the picture isn’t good enough, but there is a lot of demand, the price will go up.

With that said, let’s go through some of the biggest sales in NFT history and find out what is so special about these images that people dropped a lot of money on.

1. The Merge -PAK’s NFT Artwork

As of now, this is the most expensive NFT ever sold, coming at $91.8 million. This piece is created by Murak Pak, which is one of the most popular digital artists and a huge name in the NFT industry. He created pieces of ‘masses’ that people could buy instead of creating a discreet static piece.

The collection of masses became the so-called ‘The Merge,’ and it was later sold for a record price. This is by far the most expensive NFT ever sold and outranks the competition by a huge margin.

2. The First 5000 Days

Not too long ago, ‘The First 5000 days’ was the most expensive NFT sold until it was surpassed by The Merge. This NFT is a collection of artworks by Beeple and was sold for $69 million by auction house Christie’s in their first-ever auction.

This is really an amazing piece, and it is titled ‘Everyday’ just because the artist has never missed a single day of creating artwork since 2007. This makes it the second most expensive NFT ever sold.

3. PAK’s Clock NFT

Sometimes the real worth of an NFT doesn’t come from the artwork, and this is the perfect example. This NFT was developed by Pak and Julian Assange and dropped in February 2022. This is currently the third most valuable NFT, which was sold for $52.74 million.

But instead of art, you’ll get a clock counter. At this point, for the most expensive NFT, you might wonder why someone would pay so much money for a simple counter?

Well, there is a deeper meaning behind this NFT. The counter represents the number of days that WikiLeaks’ founder Julian Assange has been imprisoned. The NFT is designed to arrange for this controversial character’s legal fees, and it has received quite a lot of support from many crypto enthusiasts.

Related Resource: Are NFT and Metaverses the key to unlocking economic integration and digitization?

4. Beeple “Human One NFT”

At this point, we can start to see a pattern in the creators of the most valuable and most expensive NFT ever sold. As we mentioned, Beeple is an outstanding NFT creator that created Human One NFT, which sold for $28.9 million.

This is one of the unique NFTs ever just because it contains hybrid elements of a human-sized structure made of components such as polished aluminum and mahogany. This NFT is displayed through four video screens, creating a total of 16K resolution.

5. CryptoPunk NFT #7523

CryptoPunks was one of the first even NFT on an Ethereum blockchain in 2017, which is why their price is astronomical. CryptoPunks is a collection of 10,000 24×24 pixelated images of humans with interesting characteristics.

Each CrytoPunk has its own uniqueness due to skin color, or other elements included in the photo.

In this particular case, CryptoPunk #7523 was bought by DraftKings’ shareholder Shalom Mackenzie for $11.7 million. It is very rare due to the alien skin color and red beanie that only 9 CryptoPunks have.

Conclusion:

It is definitely one of the most expensive NFTs ever sold, and who knows, it might be worth a lot more in the future. I think you are getting the whole idea about what the most expensive NFT are in the market. But if you think I am missing out on some of the points, then you can comment back to us. And let us know your opinion.

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