How much is the most expensive NFT

With NFTs, many see an opportunity to monetise digital art of all kinds, offering collectors the bragging rights to ultimate ownership, even if the work can be endlessly copied.

Malaysian aerial art performer takes her passion to new heights

Last month, Vignesh Sundaresan bought the world's most expensive NFT - US artist Beeple's 'Everydays: The First 5,000 Days' - highlighting how virtual work is establishing itself as a new creative genre. Photo: AFP

The blockchain entrepreneur who paid a record US$69.3mil (RM286mil) for a digital artwork looks, at first glance, nothing like a wealthy collector.

The 32-year-old is casually dressed in a T-shirt and chinos, lives in a regular Singapore apartment, and does not own any property or a car -- with most of his investments in the virtual world.

"My prize possession would be my computer. And maybe my watch," said India-born Vignesh Sundaresan, also known by his pseudonym MetaKovan, from his sparsely decorated flat.

His unpretentious demeanour offers no clue that he is a multimillionaire investor financing a fund focused on "non-fungible tokens" (NFTs), which use blockchain technology to turn anything from art to Internet memes into virtual collector's items.

Last month, the programmer bought the world's most expensive NFT - US artist Beeple's Everydays: The First 5,000 Days - highlighting how virtual work is establishing itself as a new creative genre.

With NFTs, many see an opportunity to monetise digital art of all kinds, offering collectors the bragging rights to ultimate ownership, even if the work can be endlessly copied.

Sundaresan defended the price he paid for the collage of 5,000 pieces of art created on consecutive days, which has transformed its creator, real name Mike Winkelmann, into the third-most valuable living artist.

"I thought this piece was that important," he said.

"As a piece itself it's awesome. But there is this signalling and symbolic intention also to show the world that. there's this whole thing that's going on underground."

The popularity of NFTs has been slowly growing, but only really hit the headlines with the sale of Beeple's latest work.

'Soul connection'

Sundaresan's Metapurse fund bought another set of 20 Beeple works in December and sold partial ownership of the collection as "tokens" - originally priced at US.36 (RM1.50) per token and now worth around US$5 (RM21).

But he said buying The First 5,000 Days was emotionally draining - the sale at Christie's auctioneers lasted two weeks, with the price starting at just US$100 (RM413) and 22 million people logging on to watch the final dramatic moments.

"I did not think it will be this competitive actually," he said. "Even for me to spend that much money, it's quite hard."

He plans to display his digital art in a virtual gallery - and plans to hire an architect to design it.

"As an avatar, you will be able to go there and go to different floors and look at this art," he said.

Sundaresan said he felt a personal connection to The First 5,000 Days as his own story mirrored Beeple's - both men started as relative amateurs in their field but found success after years of hard work.

Beeple began The First 5,000 Days in 2007, when he was a bored web designer, and created a work of art each day.

"He has grown over every day - he has worked 13 years now to get to this point," said Sundaresan.

"I felt this soul connection with him."

Right place, right time

As an undergraduate engineering student, Sundaresan said he could not even afford a laptop.

He tried to build various web services which failed, but he got his break by founding a cryptocurrency company in 2013.

Now, he is chief executive of an IT consulting firm as well as financing the NFT-investing fund Metapurse.

However, he denies that his most recent purchase was a stunt to raise the value of his other NFTs, as some critics have suggested, and insists he is trying to help artists.

But not everyone believes the NFT boom offers much support.

"I see the occasional artist getting a lot of money because they're lucky, they're in the right place at the right time," said Antonio Fatas, a professor of economics at INSEAD business school.

"But for the regular artist trying to make themselves known, I do not see how this is helping." - AFP

According to the report by The Telegraph, the duplex penthouse is part of luxury residential and retail complex Hyde Park One, which is located in London’s Knightsbridge district.

4000 Bitcoins: That’s How Much You Need to Buy London’s Most Expensive Apartment

Siamak Masnavi

Billionaire luxury real estate developer Nick Candy is reportedly ready to sell his London penthouse apartment for £175 million (roughly $240 million); and interestingly he is willing to consider offers in Bitcoin and Ethereum.

According to the report by The Telegraph, the duplex penthouse is part of luxury residential and retail complex Hyde Park One, which is located in London’s Knightsbridge district.

The spectacular 18,000-square-foot apartment, which overlooks Hyde Park, features five bedrooms, a swimming pool, a private spa and gym, two terraces, four allocated car parking spaces, a wine room, a media room, and a cocktail bar.

Those wishing to pay for the apartment with crypto will need to offer around 4000 BTC or 102,000 ETH at current prices (as of 16:00 UTC on April 16).

Apparently, in an email to Bloomberg News, Candy said that he would accept payment in Bitcoin and Ethereum since cryptocurrencies are a “big opportunity”. He also said his apartment is “a world-class real estate asset in the heart of London that will continue to perform as a solid investment for years to come”.

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a high risk of financial loss.

a. NIFTY
b. NFT Summit
c. Rare.af
d. NFT.NYC

The Quiz

Question 1

Early drafts of the ERC-721 spec proposed a different term than NFT or Non-Fungible Token. What was it?

a. Asset
b. Deed
c. dani Grant
d. Badge
e. Kitty

Question 2

Does each ERC-721 token (the NFT itself) have its own address?

Question 3

Which of the following is not the name of an NFT?

a. CryptoCare
b. CryptoOmelette
c. CryptoFighters
d. CryptoFlowers
e. CryptoBots
f. Cryptogs
g. CryptoSaga
h. CryptoRome
i. CryptoSpaceCommanders

Question 4

Which of the following functions is in the official ERC-721 interface?

a. Transfer()
b. TransferFrom()
c. TransferTo()

Question 5

What was the most expensive piece of Decentraland land sold for (in USD fiat value)?

Question 6

Which of the following EIPs is for renting out your NFT?

a. EIP-809
b. EIP-864
c. EIP-998
d. EIP-1155

Question 7

CryptoKitty #1 famously sold for US$170,000, and is named Genesis. Deep in the CryptoKitty smart contract there is reference to CryptoKitty #0. What name do the code comments use to refer to this Kitty?

a. Horace, the Unowned
b. NegaCat, the unKitty
c. Mother of All Cats
d. Meow-ther of All Cats

Question 8

How many of the 10,000 CryptoPunks are aliens?

Question 9

Which of the following sports leagues has not announced or launched an NFT project or partnership?

a. National Hockey League
b. Major League Baseball
c. National Football League
d. All of these sports leagues have announced NFT projects.

Question 10

What was the first NFT Conference?

a. NIFTY
b. NFT Summit
c. Rare.af
d. NFT.NYC

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Question 1

Early drafts of the ERC-721 spec proposed a different term than NFT or Non-Fungible Token. What was it?

a. Asset
b. Deed
c. dani Grant
d. Badge
e. Kitty

Question 2

Does each ERC-721 token (the NFT itself) have its own address?

a. Yes
b. No

Question 3

Which of the following is not the name of an NFT?

a. CryptoCare
b. CryptoOmelette
c. CryptoFighters
d. CryptoFlowers
e. CryptoBots
f. Cryptogs
g. CryptoSaga
h. CryptoRome
i. CryptoSpaceCommanders

Question 4

Which of the following functions is in the official ERC-721 interface?

a. Transfer()
b. TransferFrom()
c. TransferTo()

Question 5

What was the most expensive piece of Decentraland land sold for (in USD fiat value)?

a. $7.5K
b. $75K
c. $175K
d. $275K

Question 6

Which of the following EIPs is for renting out your NFT?

a. EIP-809
b. EIP-864 <= fractional ownership
c. EIP-998 <= composable tokens
d. EIP-1155 <= crypto item standard

Question 7

CryptoKitty #1 famously sold for US$170,000, and is named Genesis. Deep in the CryptoKitty smart contract there is reference to CryptoKitty #0. What name do the code comments use to refer to this Kitty?

a. Horace, the Unowned
b. NegaCat, the unKitty
c. Mother of All Cats
d. Meow-ther of All Cats

Question 8

How many of the 10,000 CryptoPunks are aliens?

a. 9
b. 90
c. 900
d. 9,000

Question 9

Which of the following sports leagues has not announced or launched an NFT project or partnership?

a. National Hockey League
b. Major League Baseball
c. National Football League
d. All of these sports leagues have announced NFT projects.

As of August 2021, the total market cap of all cryptocurrencies was more than $2.1 trillion. Bitcoin (which has undergone several rallies and crashes since its inception) accounts for nearly 44% of the global crypto market. While its value has grown at a phenomenal rate in the last decade, the public is only slowly becoming aware of its existence.
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14 comments

Amazing how much money is out there and I just realized how poor and messy my life is by knowing that I don’t have any cash on me. No bank account. No cryptocurrency or anything.

Get an exodus wallet and Ill give you some BTC, or w/e you want..

Is that only for samer T or cuz I could use some btc

If you have no bank account it is not necessarily a bad thing, your finances are not a mess when you consider the fact that the world itself is in 2.33 trillion dollars worth of debt lol you will be fine my friend

Samer, Money is only one form of currency!
This is why some of the richest people can often feel the poorest. When you can never have enough,, because greed can hijack and leave you feeling like you can never have enough,, or that the world is in competition all the time!!

Here are some other currencies that have value and society needs to be reminded:
Community, relationships, happiness, purpose, temperance( Opposite of gluttony’s), integrity, humility, Family and authenticity!

Since world stock market was about TR.$ 85 in Aug. 2020 and paper market ( paper wealth) are about TR.$ 945 to TR.$ 1200 so paper money are so huge that might be explorer next . On the other hand world wealth report 2019 said world wealth is about TR.$360 and world debt are Tr.$ 258 that are explained inequality has been more and more . These statics remind world needs to be change

people need to stop cutting down trees.

actually, trees are made from a special fabric material consisting of a blend of cotton and linen fiber. they do this mainly because it has to last years. but yes people do need to stop cutting down trees

Or just produce more CO2 , trees will grow faster this way.

out of the 1200 Trillion of in the form of investments, derivatives, and cryptocurrencies , only 0.16% are cryptocurrencies. And this is considering the record high crypto market cap from 2021 at 2 trillion USD.

the 1.3 quad trillion can not see where it’s coming from when everything seems to fall in the bracket just under 100 trillion. anyway, my life sucks. 32 no job no car no house no prospect. I should have finished my accounting and finance diploma. but anyway thank you for the article it was simple. simple is good — makes us understand better. Wish more articles were straight to the point and simple.

This is why Blockchain CBDCs were Invented !
We will always know how much money is on the Blockchain (based on the $USD)
Central Banks print money out of this air which can be forged easily and hidden
So were’s the crime ?? 😛

Money is dirty paper. Worthless. Give me NFT’s and stable coins and things that can’t get dirty. That’s the secret.

The acquisition was conducted using the cryptocurrency Ethereum, and the Ether address used to purchase this NFT was valued at $532 million, resulting in an exorbitant price, as reported by Creative Bloq.

Top 2: Everydays: the First 5000 Days NFT Price at $69.3m

A Beeple piece of art that used to be the most expensive NFT ever sold for a reason now only sits at the second spot.

Beeple's work is so high-quality and well-liked in the community. t

This particular project is a collage of 5000 of his pieces. The creator made a commitment to make one piece of art every day starting in 2007, and here is the result.

The #NFT market is red hot now but the most expensive NFT ever transacted was recorded in March.

The #Cryptopunk 3100 is offered out at about 35,000 $ETH (

$91.6m), which if sold, would make it the most expensive NFT transaction to date. pic.twitter.com/aezOZskgnp

— OKEx (@OKEx) August 4, 2021
US dominance, industry collaborations and increased concern about climate change are all on art market experts’ minds—and, of course, NFTs

How much is the most expensive NFT

Prices for Ultra Rare editions start at €4,999 but museum sales percentage remains under wraps

Who will be the gatekeepers of digital art?

Museums, curators and art professionals endorse traditional art, but who will be the gatekeepers for the online world?

‘I have been hacked’: collector loses more than $2m of NFTs overnight

Get ready for the new world order: art market experts make their predictions for 2022

US dominance, industry collaborations and increased concern about climate change are all on art market experts’ minds—and, of course, NFTs

The 'Wild West' of finance: governments want to regulate NFTs and cryptocurrencies, but first they have to catch up

This booming but unregulated market is under scrutiny in the US and UK, but legislation is lagging behind innovation

Have price and value in the art market parted ways for good?

In the current climate, where a teenaged NFT artist can sell for $2.9m and Old Masters have fallen out of fashion, the fickle art market has become the presiding judge of aesthetic achievement

Christie’s 2021 sales total $7.1bn, with $150m from NFTs and $103.4m from the most expensive work sold this year, a Picasso

Results are the highest since 2015 and come in just behind Sotheby’s $7.3bn. Hong Kong expansion plan will continue despite Beijing crackdown, as auction house "separates what is political and what is business"

Crypto crochet: digital replica of cardigan worn by pop star Harry Styles auctioned as NFT

The Watermelon Sugar star's knitted garment, designed by JW Anderson, became an internet sensation last year

NFTs, Banksy and Asia’s ascent: 2021, the year the art market was turned on its head

The past year will mostly be remembered for the ongoing social and economic convulsions caused by Covid-19. But in the art trade, the old world order was being demolished

NFT project sells for $91.8m, debatably achieving the highest price ever for a work by a living artist

Sales of the new project by Pak point to increasing gamification in the NFT market, though the superlative total sum comes with a number of caveats

The end of 'isms': is the art market the most powerful movement of the 21st century?

The inexorable rise of the art market this century has put paid to art movements

Pace Verso sells DRIFT and Don Diablo NFT for $550,000 at Art Basel in Miami Beach

The buyer of the work is a digital native who will loan it to a European museum for an exhibition later this winter

Art and crypto: a marriage made in Miami

As the mayor pledges to move Silicon Valley to the city, Art Basel in Miami Beach ramps up its NFT offerings

Nagel Draxler gallery to launch Berlin space dedicated to NFTs and blockchain-related art

Curator, dealer and NFT artist Kenny Schachter will inaugurate the gallery in January

‘Fearless Girl’ sculptor mints NFTs to cover legal fees in rights dispute

A lawsuit between Kristen Visbal and State Street Global Advisors over rights to the viral statue has dragged on for nearly three years

'May the image rights be with you': Artists claim Art Wars sold NFTs linked to their designs for Stormtrooper helmets without their permission

The online project was launched earlier this year by the London-based artist and curator Ben Moore, with NFTs based on his previous project which saw major artists design Stormtrooper helmets

Pace to launch a custom-built NFT platform

Pace Verso launches on 22 November with digital artworks from Lucas Samaras’s 'XYZ' series.

Founder of Hic et Nunc pulls the plug on the leading digital art marketplace—but its half a million NFTs live on

Projects such as the Whitworth gallery’s NFT of a William Blake watercolour are now available on other platforms

Art Basel in Miami Beach to host first 'interactive' NFT exhibition in new collaboration with blockchain Tezos

Show will be accompanied by a talks programme at the Florida fair next month, while visitors will be able to create an AI “generative self-portrait" which they can mint as a takeaway NFT

Art X Lagos puts NFTs by African artists in the limelight

Nigeria's contemporary art fair, on until Sunday in physical form and online until 21 November, has partnered with Superrare to show digital works by artists such as Youssef El Idrissi, Linda Dounia and Rendani Nemakhavhani

One of the biggest challenges for digital artists is protecting their creations against copyright infringement, but NFTs are a solution as they provide proof of ownership, authenticity and eliminate issues of counterfeiting and fraud. An article from CoinDesk notes that many artists have turned to NFTs and online showrooms as museums and galleries are forced to close in the face of COVID-19, and “Just as Bitcoin paved the way for trustless, peer-to-peer transactions by creating a shared ledger of events, crypto art […] has provenance built in.

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge .

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‘Beeple’ NFT sold for $69 million is the fourth most expensive artwork sold by a living artist

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Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

"The Complete Mf Collection" by Mike Winkelman, known as Beeple, was sold by the art platform Nifty Gateway for $777,777.77. Produced as a nonfungible token (NFT), this work is perhaps the most interesting item on the list because it's the only sale that includes a physical object. Also, the artist's hair is included in the package.

Growing NFT craze: World's most expensive crypto artworks

Perhaps the artwork that many people think of when it comes to nonfungible tokens (NFT) is the "Nyan Cat." It was sold last month for 300 ethereums ($505,242).

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"The Complete Mf Collection" by Mike Winkelman, known as Beeple, was sold by the art platform Nifty Gateway for $777,777.77. Produced as a nonfungible token (NFT), this work is perhaps the most interesting item on the list because it's the only sale that includes a physical object. Also, the artist's hair is included in the package.

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Musician Steve Aoki released his music video “Hairy” as a nonfungible token (NFT) on March 8, 2021. The video, sold at Nifty Gateway, broke a record by being sold for $888,888.88. It made history as the most expensive single in the world.

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The 16-second "Not Forgotten, But Gone" video by artist WhIsBe, featuring a golden spinning candy bear, sold for $1 million at the Nifty Gateway. The artist sells a variety of nonfungible tokens (NFT) made up of several different candy bears on the platform.

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Twitter's CEO Jack Dorsey's first tweet was put up for sale as a nonfungible token (NFT). The current bid is currently $2.5 million. Dorsey announced the auction earlier this month and that he will donate the earnings to charities.

Beeple’s collage, entitled Everydays: The First 5,000 Days, also obliterated the record for the most expensive NFT. The previous record-holder was an NFT in the CrytoPunks series, which was flipped for $7.56 million.

Beeple NFT

Although NFTs have been around for many years, only in recent weeks have begun to capture the attention of the public and gain traction with artists.

Minted and stored primarily on the Ethereum blockchain, NFTs are unique representations of digital properties that allow for ownership to be traced and verified. They cannot be erased (unless specifically designed to self-destruct) and nor can they be duplicated or divided.

This cocktail of attributes has provided digital artists with a new way to monetize their works and secure ongoing royalties in the event their pieces are sold on in secondary markets.

“Artists have been using hardware and software to create artwork and distribute it on the internet for the last 20+ years, but there was never a real way to truly own and collect it, said Beeple, in a statement published by Christie’s.

“With NFTs that has now changed. I believe we are witnessing the beginning of the next chapter in art history, digital art.”

However, NFT mania has raised eyebrows in some quarters, with many struggling to understand why someone might spend millions of dollars on a digital artwork that can be found online with ease.

Others have pointed to the potential for fraud and abuse, the likelihood of a dip in the value of NFTs and the environmental impact of minting tokens on the Ethereum blockchain.

Whether NFTs end up having a material impact on the art industry will likely hinge on the ability of marketplaces and other major players to address these sorts of concerns.

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Joel Khalili is a Staff Writer working across both TechRadar Pro and ITProPortal. He's interested in receiving pitches around cybersecurity, data privacy, cloud, storage, internet infrastructure, mobile, 5G and blockchain.

But if you think you are fed up with monkeys, the latter offers you some new features that clearly set it apart from the rest. Therefore, whatever the activity for which it is requested, your monkey appears completely in its 3D form thanks to its power of adaptation. In the past 7 days, the NFT has sold for around $ 5,200 with a trade volume of over $ 31 million.

The collectionWorldwide Webb Landis an NFT project designed as a pixel art MMORPG metaverse game that can be used by popular NFT projects. For $ 3,272, treat yourself to an NFT coin that accumulates over $ 3 million in trading volume in 7 days.

So you can join the 4,626 owners of this NFT and do whatever you want with it. This game using the NFT gives the possibility of having your own lands, pets as well as your avatars.

NFTs are attracting more and more people to the metaverse. With this list of the most expensive NFT auctions as well as a brief recap of the up-to-date NFT collections, you will be able to better follow the evolution of the many projects that are flocking and choose the one that suits you best. It is a fairly complex universe which can sometimes be difficult to assimilate and take in hand. To always have more information on NFTs and everything related to digital projects, you can simply click on the link below.

Passionate about stock market trading and crypto-currencies, I am working on writing articles on the subject in order to share my experience and to inform at the same time. Because, I am convinced that crypto-currencies open up perspectives that everyone should experience.

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