Despite only existing for a decade, NFTs have made significant progress and are now widely adopted by companies. The concept of NFTs was first introduced in 2012 with the Colored Coins project, which aimed to tokenize the Bitcoins from the Genesis transaction. The NFT market has since experienced exponential growth, with record-breaking sales and the introduction of NFT token standards like ERC721 on the Ethereum network, which revolutionized the sector. Today, there are thousands of NFT collections running on various blockchains. While there are concerns about the value of NFTs, the industry continues to grow. In this article, we will explore the most expensive NFTs to date, with prices ranging from $6 million to $70 million. Let’s dive in!
1. Cost: $6.2 Million (1630 ETH)
Artist: XCOPY
The All Time High in the City is a GIF image minted in 2018. It was initially purchased for 0.5 ETH in 2018 and has since been sold multiple times. The artwork is currently listed on the SuperRare NFT marketplace.
2. Cost: $6.6 Million (4400 ETH)
Artist: Beeple
Crossroad is a digital artwork by Beeple minted in October 2020. It gained popularity during the 2020 presidential race in the United States and was later sold for $6.6 million.
3. Cost: $6.63 million (2000 ETH)
Artist: Larva Labs (John Watkinson and Matt Hall)
CryptoPunk #8857 is a unique character from the CryptoPunk NFT collection. It was sold for 2000 ETH in September 2021 due to its rarity as one of the 88 punks with zombie traits.
4. Cost: $7 million (1600 ETH)
Artist: XCOPY
Right-click and Save As Guy is a GIF artwork by XCOPY that sold for 1600 ETH ($7.09 million) in December 2021. It serves as a response to critics who question the value of buying NFTs.
5. Cost: $7.1 million (2100 ETH)
Artist: Dmitri Cherniak
Ringers #109 is part of the Art Blocks collection created by Dmitri Cherniak. It was sold in October 2021 for 2100 ETH ($7.1 million) and is known for its complex art patterns.
6. Cost: $7.56 million (4200 ETH)
Artist: Larva Labs
CryptoPunk #7804 is one of the nine Alien punks in the CryptoPunk collection. It was sold for 4200 ETH in March 2021 and has received bids as high as $25.15 million.
7. Cost: $7.57 million (4200 ETH)
Artist: Larva Labs
CryptoPunk #3100 is another valuable NFT from the CryptoPunk collection. It was sold for 4200 ETH in March 2021 and is currently listed for sale at 7300 ETH ($9.19 million).
8. Cost: $7.7 million (2501 ETH)
Artist: Larva Labs
CryptoPunk #5577 is one of the rare Ape punks in the CryptoPunk collection. It was sold for 2501 ETH in February 2022 after receiving high bids, including one for $122 million.
9. Cost: $10.2 million (2500 ETH)
Artist: Larva Labs
CryptoPunk #4156 is the most expensive Ape punk NFT in the collection. It was sold multiple times, with its final sale price reaching 2500 ETH ($10.2 million).
10. Cost: $10.5 million (120 million TRX)
Artist: N/A
The details of this NFT sale are not provided.
These are just a few examples of the most expensive NFTs to date. As the industry continues to evolve, we can expect to see even higher-priced NFT sales and new groundbreaking technological advancements.