Just went down a rabbit hole on NFT history and some of these price tags are absolutely wild. Like, Pak's Merge sold for $91.8 million back in 2021—still the most expensive NFT sold ever. What's crazy is it wasn't even owned by one collector. Instead, nearly 29,000 people bought different quantities of it at $575 each. That's a completely different model than what most people think of when they picture NFTs.

Beeple's work seems to dominate this space too. His Everydays: The First 5000 Days went for $69 million at Christie's in 2021, and it started at just $100 in the auction. The guy literally created one piece every single day for 5,000 days straight and combined them into this massive collage. That's the kind of commitment that apparently justifies insane valuations.

Then there's Clock, another Pak piece made with Julian Assange. That one hit $52.7 million in 2022. It's basically a timer counting days of imprisonment, updating daily. Pretty heavy concept for an NFT, honestly.

What's interesting is how CryptoPunks keep showing up on these most expensive NFT sold lists. Alien-themed ones especially—CryptoPunk #5822 went for $23 million, and there's like only 9 of them in existence. The rarity factor is real.

The whole market seems to be built on scarcity, artist reputation, and whether people actually care about the story behind the piece. Some of these sold for millions, but according to recent data, 95% of NFTs are basically worthless. So yeah, not all digital art is created equal.