Which is the most expensive NFT and why?

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The price of NFTs can range from a few dollars to tens of millions of dollars

Photo: JUSTIN TALLIS/AFP/Getty Images

The rise of Non Fungible Tokens (NFT) has caused the price of some of these digital assets to skyrocket in the last two years. Thanks to this, some of the best-known pieces from collections such as Bored Ape or Cryptopunks can be obtained for several million dollars.

An example of this reality could be seen at the beginning of this year when the Brazilian soccer player, Neymar, acquired two pieces of Bored Ape for a price of more than $1 million. The star of the Brazilian team has not been the only one to join the trend as some of his teammates at Paris Saint Germain Verratti and Leandro Paredes have also done the same.

Although the amount that Neymar spent may seem like a huge figure, the reality is that in real terms this amount is relatively low compared to the price of other well-known works.

An example of this is Ocean Front by artist Mike Winkelmann, known professionally as Beeple, which sold for $6 million during a charity auction in early 2021.

However, this price also falls short when compared to The Merge, an NFT

created by the anonymous artist Murat Pak which was sold on December 2, 2021 for a price of $91.8 million.

This figure represents an amount almost 100 times higher than the price paid by Neymar to acquire his works.

One of the reasons for the high price of this work is that it is made up of 312,686 which were acquired by a total of 30,000 people.. An element that contributed to the increase in their price was the fact that they were only available for purchase during a period of 48 hours. This influenced the generation of great expectations among potential buyers, which translated into a sustained increase in prices until the end of the granted term.

This may also interest you:
– They sell an NFT for more than $23 million
– Nayla Hayes, the 12-year-old girl who made $1.6 million from her NFT collection
– NFTs: why a technology entrepreneur considers them to be a scam

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