NFTs: know the 10 most expensive pieces ever sold on the internet

NFTs, or “unique assets” in free translation into Portuguese, are entirely digital items housed and verified in a network of cryptocurrencies, called the Blockchain. This means that its content can even be replicated by any user, just like taking copies of a traditional document, but its authenticity will still belong only to the original “object”.

Naturally, the innate characteristics of NFTs have provided a very conducive setting for trading collectibles, whether individual or in collections, creating an unprecedented market for “digital goods” such as art. This context, coupled with the sudden popularization of cryptocurrencies, has become surprisingly profitable for its “curators” thanks to speculation generated by big names in the international arts scene — such as singer Grimes and musician Mike Shinoda, a member of the band Linkin Park.

Recapitulating the biggest successes among NFT curators, discover the most expensive pieces ever sold in this digital niche and their impact on the internet:

The most expensive NFTs on the Internet

10. CryptoPunk #2338 (US$4.37 million)

(Source: LarvaLabs via Dexerto / Reproduction)Fonte:  LarvaLabs via Dexerto

Part of its homonymous collection created in 2017, CryptoPunk #2338 was sold for US$ 4.37 million, around R$ 23.69 million in direct conversion. After years “shelf”, the set of nice portraits in pixelart have become one of the most expensive in the niche.

9. Save Thousands of Lives (US$ 5,23 milhões)

(Source: NooraHealth via Dexerto / Reproduction)(Source: NooraHealth via Dexerto / Reproduction)Fonte: NooraHealth via Dexerto

Representing another potential side of the NFTs, the play “Save Thousands of Lives” (“Save Thousands of Lives”, in Portuguese) was conceived by NooraHealth aiming to help first-time families in South Asia, more precisely in the training of relatives to help postpartum mothers in the transition from hospital to their homes. Its sale price was US$5.23 million, or R$28.33 million at the current dollar rate.

8. Stay Free (US$ 5,4 milhões)

(Source: Edward Snowden via Foundation / Reproduction)(Source: Edward Snowden via Foundation / Reproduction)Fonte:  Edward Snowden via Foundation

The only NFT by Edward Snowden, a well-known American whistleblower, shows the verdict of the trial of crimes committed by the US National Security Agency overlaid with his portrait. The work was sold for US$5.4 million, around R$29.47 million.

7. CryptoPunk #5217 ($5.59 million)

(Source: LarvaLabs via Dexerto / Reproduction)(Source: LarvaLabs via Dexerto / Reproduction)Fonte:  LarvaLabs via Dexerto

Also belonging to the CryptoPunks collection, the number #5217 is the only primate on the list, but shows the speculative value of the set being sold for US$ 5.59 million — or R$ 30.56 million, in direct conversion.

6. Ocean Front ($6 million)

(Source: Beeple via Dexerto / Reproduction)(Source: Beeple via Dexerto / Reproduction)Source: Beeple via Dexerto

Prominent in the niche, artist Beeple is renowned for his paintings and animations with a satirical playful tone. The quality of his works is also reflected in their price, in this case US$6 million, or R$32.81 in direct conversion.

5. Crossroad (US$6.6 million)

Another Beeple work, “Crossroads” portrays social contempt for a giant figure who shares some visual similarities with the last president of the United States, Donald Trump. Its final price was US$6.6 million, around R$36 million at the current dollar rate.

4. CryptoPunk #7804 (US$7.6 million)

(Source: LarvaLabs via Dexerto / Reproduction)(Source: LarvaLabs via Dexerto / Reproduction)Fonte:  LarvaLabs via Dexerto

Opening up a three-entry streak, part number #7804 is one of only nine “aliens” in the CryptoPunks collection, making it more valuable — worth $7.6 million or $41.51 million.

3. CryptoPunk #3100 (US$7.67 million)

(Source: LarvaLabs via Dexerto / Reproduction)(Source: LarvaLabs via Dexerto / Reproduction)Fonte:  LarvaLabs via Dexerto

The seventh rarest in the collection, #3100 number CryptoPunk is also part of the exclusive aliens group and was sold for US$7.67 million, about R$41.89 million at the current dollar rate.

2. CryptoPunk #7523 (US$11.75 million)

(Source: LarvaLabs via Dexerto / Reproduction)(Source: LarvaLabs via Dexerto / Reproduction)Fonte:  LarvaLabs via Dexerto

The latest CryptoPunk on the list, #7523, is the third rarest in the entire collection and was auctioned for $11.75 million — $64.18 million in direct conversion.

1. Everydays: the First 5000 Days (US$ 69,3 milhões)

(Source: Beeple via Dexerto / Reproduction)(Source: Beeple via Dexerto / Reproduction)Source: Beeple via Dexerto

Responsible for giving the spotlight to the NFTs niche, the play “Everydays: the First 5000 Days” features Beeple’s first five thousand drawings, conceived daily since 2007. Auctioned for a staggering $69.3 million, or R$378, 51 million in direct conversion, the work crowned the digital artist as one of the most influential on the Internet.

Not everything that shines is gold

Preferences aside, NFT prices do not stray that far from traditional, sometimes equally disruptive, art items traded around the world. Driven by speculation pertaining to their respective niche, collectors shell out millions of dollars on items of all kinds, such as Bansky’s Self-Destructing Painting, recently sold for $25.4 million.

Possibly the main difference between “the two worlds” is its gateway, which is milder in the case of NFTs, which only require the article to be “auctioned” and a transaction fee — in addition to basic knowledge of cryptocurrencies. This characteristic, although it may be exclusive from a technological point of view, boosted the careers of several anonymous artists around the world, often offering a higher monetary return than that commonly found in their country of origin.

On the other hand, NFTs still share the opinion of social networks, with their biggest criticism relating to the innate energy consumption of the Ethereum network, the main blockchain used for their negotiation. The impact of the problem, still under study, should be minimized by up to 99% with the arrival of Ethereum 2.0, an update that should revolutionize technology and its operation.

Leave a Comment