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Just fell down an NFT rabbit hole and some of these sale prices are absolutely wild. Like, Pak's Merge supposedly sold for $91.8 million back in 2021? That's insane. The crazy part is it wasn't even owned by one person - 28,000+ collectors bought pieces of it. Each unit was like $575, and together they made the most expensive nft ever recorded. Still can't wrap my head around that.
Then there's Beeple's Everydays that went for $69 million at Christie's. Started at just $100 in the auction but the bidding went absolutely mental. Apparently he drew one piece every single day for 5,000 days straight and compiled them all into one massive collage. The commitment alone is kind of impressive tbh.
What really got me was the Clock NFT - Pak made it with Julian Assange, and it literally counts the days he's been imprisoned. Updates automatically every day. AssangeDAO (a group of like 100k+ supporters) bought it for $52.7 million to support his legal defense. That's not just art, that's activism wrapped in blockchain.
CryptoPunks are everywhere on the expensive nft list too. CryptoPunk #5822 went for $23 million, and there's like nine of these alien-themed ones that are super rare. The funny thing is these were originally free when they launched in 2017 - you just needed an Ethereum wallet. Now they're worth millions.
Also found out Beeple made another one called Human One for like $29 million - it's this 7-foot tall kinetic sculpture with constantly changing scenes. The wild part is Beeple can update it remotely, so it literally evolves over time. It's like a living artwork.
Honestly the most expensive nft market is kind of a trip. You've got artists like Pak and Beeple basically dominating the top spots, plus all these CryptoPunks that became collector status symbols. Some of these pieces started as jokes or experiments and ended up being worth more than houses.
Are any of you actually collecting NFTs? Curious if people still think this is worth the money or if it's mostly just speculation at this point.