NFTs are a modern phenomenon. There are NFTs that have earned staggering sums of money, with some even making tens of millions of dollars. Examples like Beeple’s “Everydays: The First 5000 Days” ($69.3m) or Pak’s ‘The Merge’ ($91.8m) clearly show the enormity of the NFT market. From artwork to a clock counting the days Julian Assange has been in jail, NFTs are varied and versatile.
With social media giants like Instagram getting on board, things are certainly heating up in the NFT space. We’ve already seen influencers like Logan Paul jumping on the NFT hype train, and interest doesn’t seem to be slowing. But what are some of the most valuable NFTs on the market today?
Larva Labs’ CryptoPunks has been a successful series of NFTs. The ‘9 Alien Punks’ are part of an NFT collection made of characters generated from the Ethereum blockchain. They include some highly profitable examples, such as the masked ‘Covid Alien’, which sold for an impressive $11.75 million. This little guy stands as the single most expensive CryptoPunk sold to date, but there are plenty more.
CryptoPunk #3100, an alien wearing a blue and white headband, is also a popular example. With only 406 of the 10,000 CryptoPunks featuring the headband, it’s an NFT in high demand. In March 2021, #3100 came to people’s attention after a bid sent it skyrocketing to a value of $7.58 million. This gym-bound alien is currently on the market for over $100 million.
Lucky Block’s ‘Platinum Rollers Club’ collection is a hot one right now. Lucky Block is a great alternative to Bitcoin, and to celebrate the launch of their crypto-lottery app they have released a collection of 10,000 NFTs. Each of these unique NFTs is a chance to win Lucky Block’s daily NFT draws, projected to be worth approximately $10,000 on average, or 4.83 ETH.
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Investors have been keeping an eye on the Bored Ape Yacht Club. This unique collection features 10,000 NFTs with the appearance of ‘Bored Apes’. These Bored Apes are available through OpenSea, with 101 Bored Apes selling for a whopping $24.4 million. The unengaged apes grant owners access to the ‘Yacht Club’, which includes a myriad of unique benefits, including first access to additional NFT drops and the exclusive Discord server.
The Discord server is home to a number of entrepreneurs, business people, and celebrities, all of whom are invested in the NFT scene. The Bored Ape NFTs are a product of Yuga Labs, which are worth a reported $5 billion. The company snapped up the IP rights to Larva Labs’ CryptoPunks and Meebits collections. Naturally, these collections subsequently shot up in value.
Next up, we have the Pudgy Penguins collection. There are 8,888 of these NFTs, each featuring a cute graphic of a stylized penguin. Their unique characteristic naturally makes some more desirable than others, with one going for $463,000. The average is around $4,000, however, which makes them considerably more accessible than some of the others on this list.
The founders of Pudgy Penguins recently ran into some controversy when CoinDesk reported that they had failed to deliver on promises. They were supposed to make a game and a token for the NFTs, but neither has come through. Ironically, though, this controversy has only increased the value of their Pudgy Penguins collection, meaning this could be one to keep an eye on.
When it comes to ‘metaverse’ NFTs, Decentraland is well-worth checking out. This play-to-earn crypto game allows users to create an in-game avatar and purchase land that becomes an NFT, which can then be monetised and traded with other players. One particular piece of land went for almost $50,000. These NFTs are quickly becoming some of the most valuable of 2022.
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