Top 4 most expensive NFT artworks in the world
You may have heard of the NFT artwork “Everydays: The First 5000 Days” by digital artist Beeple; or Game NFT NBA Topshot, which has attracted hundreds of thousands of participants and has an average daily transaction volume of tens of millions of dollars; or the average price Twitter avatars of more than $300,000, NFT CryptoPunk, etc. But in the blockchain world where new things are emerging like mushrooms, the most expensive crypto artwork you know so far may be surpassed by other records every minute.
In our process of exploring and analyzing the existing NFT economy, CyberMiles saw some interesting NFT artworks. Let’s take a look at the 4 most expensive crypto artworks in the world. We hope that by identifying the most exciting ones in the NFT field, the law of value shows itself. CyberMiles will also present you with tools that can view important data about NFT in real-time.
Regarding the following 4 crypto artworks, for the same NFT, only the highest price in history will be kept in order to show the current situation of the NFT industry in a more dimensional manner.
First Place: 69.35 million USD-Everydays: The First 5000 Days
Name: EVERYDAYS: THE FIRST 5000 DAYS- Minted by Beeple
NFT ID: 40913
Price: $ 69,346,250（Auction priced in USD）
Current holder: Metakovan, Founder of Metapurse, a NFT Fund (0xc6b0562605D35eE710138402B878ffe6F2E23807)
Smart Contract Address: 0x2a46f2ffd99e19a89476e2f62270e0a35bbf0756
Size/Bytes: 21,069 x 21,069 pixels (319,168,313 bytes)
Mint time: February 16, 2021
Link: https://onlineonly.christies.com/s/beeple-first-5000-days/beeple-b-1981-1/112924
Details and background: Beeple is a well-known surreal artist. He continues to integrate elements of the real world, political figures, cultural abstraction, and technological imagery into his works, and uses many metaphors and pictographic art techniques to portray the world.
Regarding the artistic achievements of Beeple, we won’t elaborate here, but Beeple’s rise has also made the background of Vignesh Sundaresan, the man behind the scenes who have taken him to the altar, to be dug out by the insatiable media.
The value discovery of artworks is similar to the cultivation of certain IPs. Art dealers/galleries first buy out the works of artists, then continuously promote and expand the influence of artistic philosophies through a large number of art exhibitions, art critics, and traditional media, and shape the artist’s reputation and influence in the industry. Through continuous event marketing and image association, more intangible value can be gradually attached to the artworks. Through constant hype and restriction of production, the attractiveness of artworks is heat is generated on the market. Through the ever-expanding influence coverage to cultivate consensus, art pieces got priced higher and higher each time traded.
Therefore, Vignesh Sundaresan’s operation is understandable in making the value of art to be discovered. But is Beeple’s work really that valuable when compared with those classical works like “Guernica” by Picasso inspired by the Spanish Civil War?
And this is also the reason why “EVERYDAYS: THE FIRST 5000 DAYS” is difficult to be truly widely accepted. If you rely on simple handovers and related transactions, it will be difficult for NFT artworks to be truly recognized by the society. It is difficult to imagine that one day someone just took a random picture and made it into an NFT, and changed hands to become 100 billion U.S. dollars. Does this mean that the aesthetics and values of our society are to appreciate random objects?
At the moment, NFT is still in its infancy. Whether this will bring a steady stream of traditional artist groups and related resources to intervene; or will it aggravate the NFT “bubble”, we don’t know, but we will see in the process. Many of the current pain points of NFT, and the evolution direction to be derived from this, are worthy of our further investigation.
Second place: US$7.802 million-CryptoPunk 7804
Name: CryptoPunk 7804 — minted by Larva Labs
NFT ID: 7804
Latest Price: $ 7,820,520.27 (4,200.00000 ETH)
Current holder: Unknown NFT Shark (0xf4b4A58974524E183c275F3c6EA895bC2368E738)
Size/Bytes: 24 x 24 pixels
Mint time: June 24, 2017
Link: https://cryptoslam.io/cryptopunks/mint/7804/
Details and background: CyptoPunk is a series of ERC721 NFT tokens initiated and minted by Larva Labs (https://larvalabs.com/) in 2017. CryptoPunk 7804 is the 7804th in the creation sequence. Larva Labs presets attributes such as race/accessories/hair color/eyes/mouth for CyptoPunk, and then the algorithm generates 10,000 24x24 pixel art images, which are free for users to receive at its initial release.
Among all CryptoPunks, the Apes, Zombies, and Alien races are the rarest. NFT total limit + NFT concept antique products + extremely high social attention and discussion volume, let these rare attributes of NFT follow the spread of CryptoPunk increasingly sought after.
We believe that the main reasons why CryptoPunk almost completely monopolizes the conventional NFT rankings are as follows:
1. Early users who participated in CryptoPunk were all veteran investors or geeks with a strong interest in DeFi/blockchain innovation. With the continuous growth of the crypto market, the personal assets and influence of these seed crypto users has been evolving. This is very beneficial to the spread and influence of CryptoPunk. At the same time, as one of the early application projects of NFT, the historical significance of CryptoPunk also gives it more value.
2. The characteristics of CryptoPunk NFT make it completely transparent on the blockchain such as the number of circulation/handover status/price, avoiding the additional loss caused by information asymmetry. At the same time, total volume restrictions, social topics, and communication boosts have continued to attract CryptoPunk with better liquidity than other NFTs, which is why its value has grown rapidly.
3. Larva Labs, the creator and operation team of CryptoPunk, has continued to promote it after its issuance, as well as participate in art exhibitions and social activities, all of which are helping capture the value for CryptoPunk.
In addition to the above factors, the enthusiasm of the crypto community for the NFT boom is also the most fundamental driving force for the CryptoPunk boom. As of now, the average market price of different CryptoPunks is 14.62 ETH. Because of the lack of initial price at issuance, its appreciation is difficult to estimate; however, if let’s say it is 0.7U, then CryptoPunk’s highest increase in value is 111,743,600 times (117 million).
CyberMiles’ FYI:
The name of CryptoPunk may be a tribute to Satoshi Nakamoto’s communication with Bram Cohen (the author of BT downloads), Assange (the founder of WikiLeaks) and others in the cryptography mailing group. This cryptography mailing group was initiated by Eric Hughes. The main members are leaders in mathematics, cryptography, computers, independent social organizations, etc., discussing cryptography and sovereign governments on the right to information. It can be said that CryptoPunks symbolizes the cradle where Bitcoin was born.
Third place: US$3.6054 million -Formula 1 Grand Prix de Monaco 2020 1A
Name: Hashmasks 9939 — Minted by F1®Delta Time Game
NFT ID: 5790664570104676
Latest Price: $ 3,605,445 (9081752.4764 REVV*0.398USDT)
Current holder: Anonymous NFT Whale (0x8bb37fb0f0462bb3fc8995cf17721f8e4a399629)
Smart contract address: 0x2aF75676692817d85121353f0D6e8E9aE6AD5576
Mint time: November 2020
Play link: https://www.f1deltatime.com/
Details: Formula 1 Grand Prix de Monaco 2020 1A is issued by F1®Delta Time Game (https://www.f1deltatime.com/), which is a blockchain game based on Ethereum. The game’s IP is a Formula One racing car. The main mechanism is to collect drivers and parts, and others in-game item like keys. By staking assembled F1 cars, you can get Token rewards.
It is worth noting that the NFT used its Token REVV to complete the transaction, and the trade was made 1 year ago. The REVV’s current price rose so the transaction value did reach US$3.6054 million, it was low. The market value of Game-NFT is related to the game’s own operating conditions and mechanisms. Therefore, compared with similar Decentraland and SandBox, the popularity of F1®Delta Time Game is indeed falling behind. But the game itself is authorized by the F1 official team and is in sync with the hot DeFi market, which is worth noting.
Fourth place: $646,900-HaskMask 9939
Name: Hashmasks 9939 — minted by Suum Cuique Labs
NFT ID: 9939
Latest Price: $646,917.6 (420.00000 ETH)
Current holder: Anonymous NFT Shark (0x51787a2c56d710c68140bdadefd3a98bff96feb4)
Smart contract address: 0xc2c747e0f7004f9e8817db2ca4997657a7746928
Mint time: June 24, 2017
Link: https://hashmasksstore.blob.core.windows.net/hashmaskspreview/3696.png
Details: Hashmask is a light DeFi art NFT group initiated by the Suum Cuique laboratory from Zug, Switzerland. Hashmasks are created by more than 70 artists around the world, totaling 16,384 unique digital portraits. Users who hold artworks will gain NCT tokens every day, which can be used to select a name (rename) for the portrait they hold on the Ethereum blockchain.
In the Hashmasks series of NFTs, each has the values and metaphorical/implied characteristics instilled by the artist himself, and they are all unique. Overall, the IP mechanism of Hask and CryptoPunk is similar, but the naming and staking mechanism make it more inclined to gain value. Also the growth and becoming of fame of the artists in the group will make the NFTs more valuable.
The CyberMiles team has used the following tools and websites to access this information, which will help you better explore the world of NFT, remember to save these for reference.
Data Analysis / General Tools
CryptoSlam 【NFT trading history / data analysis site
https://cryptoslam.io/
Nonfungibe 【NFT trading history / data analysis site]
https://nonfungible.com/
ArtNFT sales / distribution platform
Niftygateway【NFT Art Auction Platform】
https://niftygateway.com/
Makers place【Art NFT auction distribution】
https://makersplace.com/
SuperRare【Art NFT Auction Distribution】
https://superrare.co/
Foundation【NFT Art Marketplace】
https://foundation.app/
Rarible【NFT Minting and Token issuance system】
https://rarible.com/
Fraction [NFT minting and trading platform with an access mechanism】
https://fraction.art/
NFT Trading Marketplace
Opensea 【NFT & domain issuance/sales platform】
https://opensea.io/
Newitem 【Heco NFT/Token auction distribution platform】
https://www.newitem.finance/
TreasureLand [BSC on-chain NFT marketplace】
https://treasureland.market/
Innovation NFT
CryptoHistory 【3D On-Chain NFT】
https://www.cryptohistory.art/
CryptoVoxels【3D NFT Art Gallery】
https://www.cryptovoxels.com/
SomniumSpace【VR+Matic On-chain NFT Museum/Foundry/Ecology】
https://somniumspace.com/
Fraction【DAOFI’s NFT Marketplace — NFT Holders Get Airdropped】
https://fraction.art/
NFT Product/Artwork
CryptoPunk
https://www.larvalabs.com/cryptopunks
HashMasks [NFT-token-FI
https://www.thehashmasks.com/
Above are useful NFT entries with core tools in NFT research compiled exclusively for you!
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About CyberMiles
CyberMiles is a high-performance innovative public blockchain. As a blockchain actively involved in the decentralized economy and technology ecosystem, it first proposed the Ethereum public blockchain DPOS consensus high-performance commercial solution (which has been borrowed by blockchains launched by Binance, Huobi, etc.), and started as early as 2018. It is also the first public blockchain with NFTization and auction of artists’ works.
About CyberMiles NFT
CyberMiles will continue to promote NFT as the direction of its current ecological development, hoping to provide a true link between blockchain and the physical world. After several years of accumulation, we are also confident that based on a strong high-performance public blockchain and smoothly collaborative code engineering development team, leading NFT mechanism concept and products to solve the current pain points in the NFT field, and will become a self-driven growth protocol that is constantly optimized and iterated, along with the development of NFT and Blockchain.
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