“NFT” stands for “nonfungible token” and are digital assets that represent real-world assets. Generally, they’re one of a kind and have unique identifying codes. People buy and sell these assets online, often using cryptocurrency. They’ve become a popular way of buying and selling artwork. If you’re interested in how to create an NFT, it’s important to know there are lots of different types of NFTs, created from tangible or intangible items, such as art, GIFs, tweets, videos, sports highlights, collectibles, music and more.
NFTs have really taken off in the last few years. Although they’re still relatively young in investment terms, they’re already incredibly popular and may be worth considering if you’re looking for something new and exciting to invest in. Below is a look at some of the most expensive and valuable collections of NFTs.
CryptoPunks is a collection consisting of exactly 10,000 pixelated characters. All of these characters exist on the Ethereum blockchain. Initially, they were distributed for free to anyone who had an Ethereum wallet and claimed them. That’s all changed, however, because they’ve all been claimed now and it’s necessary to buy them on a secondary market.
This collection, which started in 2017, paved the way for NFT collecting as we know it today. Pieces in the collection sell for millions of dollars, and the overall trading volume of the collection is equivalent to billions. Snoop Dogg, Jay-Z, Serena Williams, Logan Paul and Gary Vee are all owners of CryptoPunks.
Bored Apes Yacht Club
The Bored Apes Yacht Club might sound a strange club to be in, but in the world of NFTs it’s quite an exclusive one. The club is a collection of 10,000 disgruntled apes, created from a set of 170 distinct features. When you own an ape, you receive membership into the club, which offers special members-only, real-world events.
Bored Apes are popular with high-end collectors and even with celebrities. Basketballer Stephen Curry and TV presenter Jimmy Fallon are just a couple who own apes. If you want to own an ape, be prepared to spend more than just a few dollars. Even an affordable ape will set you back equivalent to around $327,000, whereas one of the most expensive pieces has sold for more than $2 million.
Statue of LeBron
The world of sports presents NFT buyers and collectors with some extremely valuable opportunities, whether these are trading cards, such as the “Magic vs Jordan”, which will set you back at nearly $600,000, or the rare Diego Maradona 2020-21 collectable, which will cost you a whopping $4.3 million. The “Statue of LeBron,” however, is possibly one of the biggest opportunities and most expensive sports NFTs out there.
The picture of LeBron James dunking the ball was taken on February 1, 2020, by photographer Kimani Okearah. If you’re prepared to pay $21.6 million for it, you’d have the exclusive ownership of the one digital copy of the image and of the raw file. There’s also scope to work with the basketballer himself on some sort of commercial deal, which could make you and him both some considerable money.
The Cool Cats collection consists of 9,999 randomly generated NFTs on the Ethereum network. The collection is a little like that Bored Apes Yacht Club in so far as that the cats have unique characteristics and outfits, and if you own a cat, the club will grant you with access to special events. One of the interesting things about this collection is that cats have a coolness scale. The cooler the cat, the rarer it is and, as a result, the more valuable it is too.
Doodles, as you might guess from the name of the collection, is a set of 10,000 drawn characters in lots of different variations in the doodle style. If you’re not familiar with the doodle style, it’s an iconic minimalistic cartoon type. These are pretty popular with collectors and are relatively affordable. Even the cheapest will cost you nearly the equivalent of $25,000, whereas the most expensive one would force you to find around that of $496,000.
Azuki capitalizes on the popularity of the world of anime and eastern cartoons. The collection contains 10,000 unique, anime-inspired characters. The most expensive character will cost you at least the equivalent of $693,000. Azuki is one of the most valuable collections in the NFT world. If you own one of the pieces, you’ll also receive access to “The Garden.” This is an exclusive space where artists, changemakers and innovators all come together to create and grow.
NFTs have become a popular investment, and there are some outstanding collections to invest in. Investors who have sufficient funds can own something that’s truly unique and maybe even sell it later for a greater price than they bought it.