Non Fungible tokens or NFTs is one of the words that the world became more familiar with in 2021. Growing from being a subject of interest to tech gurus and crypto fans to making it to news headlines with its market hitting $17 billion!
In this article, we rounded up a list of the top 5 biggest NFT sales in 2021 but first let’s discuss what NFTs are.
What are NFTs?
A special kind of token that contains identifying information recorded in smart contracts on the Ethereum blockchain but can’t be exchanged like other cryptocurrencies which are fungible.
NFTs are proof of ownership that utilizes blockchain technology to connect with a unique digital asset (like rare stones, customized jewelry, digital paintings, or any works of art or rare traits and accessories in video games), that cannot be replicated and it can even include tweets as Twitter co-founder and former CEO Jack Dorsey sold his first ever tweet as an NFT for more than $2.9 million. So in simple words we can say that NFTs are exclusive ownership rights just like physical items only in digital form.
Another key term you should know is Ethereum (Ether). Ethereum network is an alternative blockchain that was created by a programmer named Vitalik Buterin in 2013 who was just 19 at that time! Vitalik describes the Ethereum network as a “Virtual Machine” or a “world computer” as its blockchain can benefit from the computing power of all the connected computers on the network to develop and operate decentralized apps (DApps) on it. Just like Bitcoin, Ether can be used to trade, send and receive value without the interference of a third party. However, the Ether coin is not the sole purpose of the Ethereum network, it’s the Dapps.
Biggest NFT Sales in 2021 That Had a Hefty Price Tag
Beeple – EVERYDAYS: THE FIRST 5000 DAYS – $69.3m
.@beeple 's 'The First 5000 Days', the 1st purely digital NFT based artwork offered by a major auction house has sold for $69,346,250, positioning him among the top three most valuable living artists. Major Thanks to @beeple + @makersplaceco. More details to be released shortly— Christie's (@ChristiesInc) March 11, 202
Beeple – Human One – $28.9m
#AuctionUpdate: Beeple's (b. 1981) 'HUMAN ONE' has achieved $28,985,000 at auction. Over the course of his lifetime, Beeple intends to seamlessly add to and evolve the pool of imagery in 'HUMAN ONE' in response to current events — creating an eternally contemporary work of art.⠀ pic.twitter.com/NLml4gxl7W— Christie's (@ChristiesInc) November 10, 202
CryptoPunk 4156 – $10.2m
The third-highest CryptoPunk sale ever marks the end of an era for @punk4156 and comes amid an ongoing debate over the project’s IP rights. pic.twitter.com/EpkinIJrDH— nft now ? (@nftnow) December 9, 2021
CryptoPunk #3100 – $7.67m
Punk 3100 bought for 4,200 ETH ($7,584,485.82 USD) by 0x7b8961 from 0x6611fe. https://t.co/3HawbYyhNZ #cryptopunks #ethereum pic.twitter.com/LAOCywVUxZ— CryptoPunks Bot (@cryptopunksbot) March 11, 202
CryptoPunk #7804 – $7.57m
Punk 7804 bought for 4,200 ETH ($7,566,173.88 USD) by 0xf4b4a5 from 0x03911f. https://t.co/0aatHjfooI #cryptopunks #ethereum pic.twitter.com/TrMgPUK0Hn— CryptoPunks Bot (@cryptopunksbot) March 11, 2021