What Is the Most Expensive NFT: Merge as Unsurpassed Digital Masterpiece
NFTs, or non-fungible tokens, came into this world back in 2014 but achieved worldwide recognition only in 2020-2021. As a result, the last year was especially saturated with new record-breaking NFTs sold at a sensationally high price.
So, since more NFT collections have become exceptionally valuable, more investors are now interested in buying them and keeping this digital art or selling it later, even at a higher cost.
This article will reveal the details about the most expensive NFT ever sold globally.
What Is the Most Expensive NFT Ever Sold: ‘The Merge’ by Pak
The names of top and most known expensive NFTs are often heard in the articles and blogs about decentralized finance. They include CryptoPunk #9998, Clock, Everydays, Human One, Right-click and Save As Guy, etc. Still, what is the most expensive NFT? Let’s see what we know about it.
‘The Merge’ NFT created by Pak is officially the most expensive NFT globally. It was sold on December 2, 2021, on the leading NFT marketplace Nifty Gateway. The buyer is collective, which means a number of people own this NFT at the same time. Nearly 30 thousand collectors are recorded as its owners. To be precise, this number included 28,983 different collectors who bought 312,686 units of mass. Hence, the ownership right is divided between them equally.
Buyers got it from the open edition and were free to purchase any number of tokens. The price per single unit started at $575 and gradually increased every 6 h by $25. The whole purchasing process lasted from Thursday to Saturday.
How Much Is the Most Expensive NFT in the World and Where Was It Sold
The total cost of the NFT was $91,8 million. In the history of NFT sales, only one non-fungible item besides ‘The Merge’ (‘Clock’) had multiple owners. So the act of selling it was proof that NFTs are both valuable art and innovative finance.
‘The Merge’ is an NFT project designed by Pak — an anonymous artist. His artwork has also become the highest sales value generated by a living artist and sold at a public sale. Pak is a pseudonym of one or several digital artists, and it is still unknown how many of them created the NFT. What we know is that Pak has been in the sphere of crypto media for over 20 years, being one of the forerunners. His other projects include:
- Archillect: Artificial Intelligence built to find and share visual content through media
- The Fungible Collection: NFT collection sold at Sotheby’s and Nifty Gateway for $16,8 million in open edition as well
- X Collection: consists of 13 editions and 2 auctions featuring moments. They aren’t limited to the number but only with time and show a day of infinite existence’. The collection includes ‘The Touch’, ‘The Wave’, ‘The Turn’, ‘The Void’, and other perfectly geometrical images.
Pak’s masterpieces are inspiring, thought-provoking, and unique both in terms of graphics and technology.
What Was the Most Expensive NFT #2 After ‘The Merge’?
Another question following the ‘What is the most expensive NFT ever sold!’ is ‘What is the most expensive NFT in the world after ‘The Merge’?’
‘Everydays: the First 5,000 Days’ is the second most expensive NFT ever sold. It used to be the highest price paid for digital artwork and fetched $69,3 million.
The creator, known in artistic circles as Beeple, is Mike Winkelmann. One of his previous NFTs, ‘Crossroad,’ also broke a record, gathering $66,666 million. A user under the name Pablo owns it now. The animated NFT changed after the American Electoral College decision.
Just like Pak with his ‘The Merge,’ Mike Winkelmann has proven that the crypto and NFT sphere is exceptionally valuable and is just starting to unfold.
We hope that this informative short article helped you find the answer to ‘What is the most expensive NFT?’ and ‘How much is the most expensive NFT in the world?’ In the future other record-breaking NFT are going to arise. To monitor the new Everydays and Merges, you can use tools like TopNFTCollections.com to see how much they are worth right now, the total supply, trading volume, and how the demand changes. This will help you buy promising NFTs at the right moment.