Nonfungible tokens, or NFTs, are turning out to be a treasure store with prices striding into the millions of dollars. Instances of an NFT garnering more than $69 million or a tweet fetching $2.9 million are not a fantasy, but an incredible reality.
In 2021, an NFT by digital artist Beeple, or Mike Winkelmann, sold for a whopping $69 million, making NFTs a media hotshot and opening the floodgates for a string of other NFT sales, many of these in millions of dollars. Prompted by the plentiful talk about NFTs, stars like Paris Hilton, Lindsay Lohan, Eminem, Grimes and many more have hopped onto the NFT bandwagon.
In 2022, NFTs have been garnering attention from investors, artists and collectors alike. Let’s take a glance at the 10 most expensive NFTs sold to date:
Beeple’s Crossroads — $6.6 million
Sold via Nifty Gateway, Beeple’s NFT Crossroads came as a response to the 2020 United States presidential election. The piece shows a despondent figure, supposedly Trump, lying on the ground and symbolizing the former president after losing the election.
Crossroads also featured two videos, one with a triumphant Trump and the other a solemn one. What would eventually play depended on the outcome of the election.
Ocean Front — $6 Million
Aimed at the climate crisis, the Ocean Front depicts a tree atop trailers and shipping containers stationed on a platform. Captioned “together we can solve this,” the NFT was auctioned for charity and the beneficiary was the Open Earth Foundation, a nonprofit organization.
One of the most valuable NFTs of the time, the Ocean Front, started bidding at $2.77 million. The winner of the bid was Justin Sun, the founder of the Tron Foundation.
Right-click and Save As Guy — $7.08 million
Snoop Dogg bought XCOPY’s NFT Right-click and Save As Guy, created as a satire of people who don’t recognize the worth of crypto art.
Right-click and Save As Guy serves as a reminder that it is the receipts associated with the art that cannot be copied, thanks to blockchain technology and not the…