There’s no sense in the most expensive NFTs sold in 2021 – 2oceansvibe News

[imagesource: Bored Apes Yacht Club / South China Morning Post / Handout]

Bored Apes Yacht Club is a collection of non-fungible tokens (NFTs) comprising 10,000 monkeys, all looking particularly bored and indifferent.

A good number of them make up the handful of the most expensive NFTs sold last year.

The only way I can figure this out is to believe it’s because they represent the dissatisfaction of being a rich animal and buying an NFT from one is the most meta (the original meta, not Facebook Meta) things a person can do these days.

The first NFT was created in 2014 by a digital artist who goes by the name of Quantum, real name Kevin McCoy.

Since then, the internet trend has taken off, changing the way people invest in art and how digital creations are shared on the World Wide Web.

It might have seemed this bubble was about to burst, but alas, people are still jumping on the NFT bandwagon a lot. This includes luxury brands, business people, geeks, art collectors and even assets, reported Luxury launches:

Dolce & Gabbanas took NFT to the catwalk. Their first collection itself brought in $5.7 million. Melania Trump raises money for foster care charities by selling watercolors of her eyes under the name NFT.

Fashion lovers unable to get their hands on a tangible Hermès Birkin bag gladly settle for an NFT of the coveted handbag. Not just bags, the NFT craze is spreading like wildfire and someone actually paid $650,000 for an NFT from a luxury yacht.

But you’re really here to check out all the most expensive NFTs sold in 2021, so let’s get to it.

1. “The First 5,000 Days” sold by Christie’s and manufactured by Beeple received $69 million:

Image: Beeple

2. Beeple’s Dystopia ‘A HUMAN’ The 3D video sculpture was also sold by Christie’s for $28.9 million:

Image: Beeple

3. Yuga Laboratories lot of 101 NFT Bored Ape Yacht Club sold for $24.4 million at Sotheby’s auction house:

Image: Yuga Labs

4. Nine small pixel art portraits by Larva Labs (out of 10,000 characters) called “Cryptopunks” sold at Christie’s for $16.9 million:

Image: Larval Laboratories

5. Larval Laboratories CryptoPunk #7523 sold at Sotheby’s for $11.8 million:

Image: Larval Laboratories

6. The father of the World Wide Web, Tim Berners-Lee, sold internet source code via Sotheby’s for $5.4 million:

Image: Tim Berners-Lee

7. Canadian artist Mad Dog Jones sold ‘Replicator‘ in a bidding that lasted two weeks for $4.1 million:

Image: Mad Dog Jones

This one is interesting because, as the name suggests, the Replicator generates a new unique NFT every 28 days and comes with a total of seven unique generations of artwork.

The first-generation NFT is expected to produce six NFTs at the rate of one per month, with each generation unique from the others.

8. These ‘Fungible Cubes’ made by artist Pak sold for $1.3 million:

Picture: Pack

Don’t feel bad if you’re still trying to catch up on what exactly a non-fungible token is. It’s basically buying, selling, and collecting anything in digital form, from a drawing, tweet, memes, photo, or video.

If you buy an NFT, you become its sole owner (with a public certificate of authenticity or proof of ownership), which means that the NFT cannot be copied without losing value.

Similar to when someone buys an original work of art from a famous artist, only one person or entity can own the original, with all reproductions having very little value.

Let’s see what 2022 NFTs have in store for us, I guess.

[source:luxurylaunches]

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