TL;DR
NFTs have becoming increasingly popular over the years. Non-fungible tokens (NFTs) are unique digital assets that exist over the blockchain and are intended to represent digital collectibles and crypto art. In 2021, many NFT projects and artists sprouted, in what may have signaled a very bullish time for NTFs.
One of the many NFTs artists who became well known in 2021 is Beeple. He is responsible for having sold the most expensive NFT of all time Everyday: The First 5000 Days.
In this article, we will go over the top 4 most expensive Beeple NFTs every sold.
Introduction
NFTs, or Non-Fungible Tokens, are the latest advancements in digital collectibles. Each NFT is unique and verifiable on an open blockchain. This means that users can own an NFTs just as they would any other asset like a house or a car. With NFTs, value is derived from scarcity and usability, which has fueled this market.
There are many popular NFTs collections and artists out there. One of the most popular artists is Beeple. His art draws many lines that intersect popular cultural and social issues.
What is an NFT?
Non-fungible tokens (NFTs) are digital assets that each represent a unique asset. It is easy to see how NFTs could be used as digital representations of physical documents, artworks, certificates and more. Another thing to note is that NFTs are not fungible, meaning no two NFTs are the same. This is because each NFT is a unique digital asset with a unique identifier.
Even if two NFTs look similar behind they are not. Unlike Ethereum, where you can trade one Ethereum for another, NFTs are not like that. NFTs for this reason are used to generate proof of ownership and authenticity on the blockchain.
NFTs can be utilized as a means to tokenize real world assets, to play-to-earn games, to digital land.
What Gives NFTs Value?
NFTs are non-fungible tokens which use smart contracts to represent a specific, unique digital good. It’s easy to evaluate the value of an asset that exists in the real world; for example, if a painting is sold for $10 million dollars at auction it’s relatively easy to see how much demand there is for that asset. But NFTs usually don’t exist in the real world. They might simply represent another digital asset on the blockchain (like ERC721 tokens or CryptoPunks). Or they might be created as a way of representing information such as an achievement or trophy that doesn’t have an inherent value but has been given one within a certain context.
Despite this, and the many different sizes for NFTs, its value coule be traced back to the founding team, the rairty of the NFT, the community or even the artisit. There are many factors including those listed above that propell the price of an NFT. Keep in mind that there has been plenty of successful NFTs out there but even more have failed. Make sure to DYOR before you start investing in a NFT.
Beeple and His Top 4 Most Expensive NFTs.
We now examine and take a look at Beeple's top 5 most expensive NFTs every sold.
4. Beeple, Ocean Front
$6 million, Nifty Gateway, March 2021
The headline-grabbing NFT from Beeple’s “Everydays” series. This work is meant as a warning about the potential effects of climate change, and all proceeds went the charity Open Earth Foundation.
As for the owner, Justin Sun, a popular NFT collector bought and owns this NFT.
3. Beeple, Crossroads
$6.6 million, February 2021, Nifty Gateway
At number 3 we have "Crossroads"- which was sold for $6.6 million. You read that right! Beeple's Crossroad is a short, 10-second video in which people walk past a body with insults scribbled all over it.
2. Beeple, Human One
$29.8 million, November 2021, Christie’s
At number two we have "Human One"- which sold for $28.9 million. Digital artist Beeple is one of the most well-known and well-respected in the space - and the price tag on this work proves it
1. Beeple, Everydays-The First 5000 Days
$69 million, March 2021, Christie’s
And topping off the list is "Everyday: The first 500 days"- which garnered $69.3 million. So far the most expensive NFT ever sold. Beeple's artwork is highly regarded within the community, and this piece of art below is essentially a collage of 5000 pieces of his work. This is the result of his commitment to creating one piece of art every day since 2007.
Where To Buy an NFT?
NFTs can be bought and sold in various NFT markeplaces. One of the most popular is Opensea. Opensea is an NFT marketplace. originally built on top of Ethereum that allows collectors to buy NFTs. It has since expanded to offer cross block-chain support across Ethereuem, Polygon, Solana, and Klatyn.
Depending on the marketplace and network, you will need a comaptible crypto wallet and the supported cryptocurrency for the purchase.
How To Buy NFTs on OpenSea?
Follow the steps below to buy an NFT on OpenSea. Keep in mind this skill is transferable and steps are similar in other NFT marketplace. Remember to DYOR when purchasing an NFT.
Download MetaMask
In order to access Opensea, you must have a crypto wallet. MetaMask is one of many crypto wallets that Opensea supports. For this example we will use MetaMask. To learn how to download and install MetaMask click this guide here and go to the "Install and Setup MetaMask" heading.
Head Over To OpenSea and Connect Wallet
Once you have downloaded and installed MetaMask, head over to OpenSea. Hover the top menu and click on the wallet icon. From there you will be given options to connect your wallet. For this guide, select MetaMask.
Search For NFT you will like to Buy
After doing that, you can search for the project or NFT you want to purchase. The search results will appear below. Select the project you and then select the NFT.
Once you see that, select "buy now". Once you have bought the NFT, it should appear on your wallet. Congrats on being an NFT owner.
Final Thoughts
NFTs are the latest trend in digital collectibles. As NFTs mature, we can expect to see more utilities and adoptions than simply digital collectibles. With artists such as Beeple entering the frame and setting the tone for NFTs we can possibly even higher sales. Remember to DYOR when purchasing any NFT.
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