25 billion sales of NFTs in a year.. The Mirage is the most expensive at 92 million dollars
The world was amazed when the most expensive sale of these non-fungible tokens reached $69.3 million last year for Every Day: The First 5000 Days, by Mike Winkelman.
It didn't take long for the most expensive sale ever to come under the title Pak's The Merge which was purchased by 30,000 people on December 2, 2021 with a total value of more than $91.8 million.
Meanwhile, virtual real estate investor Republic Realm bought land in the virtual world, The Sand box, for $4.3 million last November.
The rapid spread and huge profits of these tokens stimulated a number of the best brands in the world, including Coca-Cola and Gucci, to sell products with this technology.
fast growth
A non-fungible token (NFT) is a unique, non-replaceable unit of data stored in a blockchain digital record that can be used to represent or materialize easily reproducible items, such as images, audio, videos, and other types of digital files as unique items (similar to a Certificate of Authenticity), to create proof Confirmed and public ownership.
These tokens are distinguished from other cryptocurrencies such as Bitcoin and Ethereum in that they are not exchangeable.
Since the launch of the first NFT token initiative in 2015, its value has grown exponentially and achieved a huge boom last year, after sales exceeded $25 billion, compared to only $94.9 million in the previous year.
Sales in the first quarter gave an indication of that boom, after sales multiplied more than 20-fold to exceed $2 billion.
Criticisms center on the carbon emissions associated with validating blockchain transactions, and their misuse of technical frauds.
Generally speaking, an NFT is a unit of data stored in a digital record, called a Blockchain, that can be sold and traded.
first 5000 days
Digital art was the first to benefit from the uses of NFTs, given the ability of blockchain technology to ensure the unique signature and ownership of NFTs.
The highest-priced digital artwork to date was created by artist Mike Winkelman "Pebble" under the title "Every Day: The First 5000 Days" and sold for $69.3 million in 2021.
Winkelman then sold Crossroad, a 10-second video that shows animatronic pedestrians walking past US President Donald Trump, for $6.6 million.
The Lebanese artist, Christel Bishara, is the first artist to use the non-refundable token technology in the Middle East, after she sold a collection of paintings with this technology in Dubai in March 2021.
Artist Erwin Worm caught the eye last year when he exhibited at the Berlin Art Gallery his work Breathe In, Breathe Out depicting a seemingly breathing Porsche 911.
