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Eayopp

May 15, 2022

$0.27

The most expensive NFT ever sold was Pak's The Merge. The $ 91.8 million price was a record of artwork publicly sold by living artists. NFTs were sold at Nifty Gateway to 28,893 collectors who purchased 312,686 large units (individual NFTs). These units started at $ 575 and increased by $ 25 every 6 hours. The

 NFT itself consists of three large white blobs (dots) on a black background. As more bulk buyers accumulate, their crowd grows. NFTs have a built-in rarity mechanism that reduces the supply of tokens over time. Each transferred merge token is merged with the token in the recipient's wallet, resulting in a higher bulk value and one token. Perhaps over time, this only leads to the final mass. It has a built-in leaderboard for the

 NFT holder and can track the mass received from other collectors. Top 100 and Top 5 rankings receive different educational styles. The largest possible class is the alpha class awarded to top collectors. This dynamic setup of NFTs sets it apart from other collections and is probably a big part of why it was sold at such a high price. However, there is some controversy as to whether this is the most expensive NFT ever sold, as the funding was raised by nearly 30,000 investors rather than one. Anyway, I decided to include it as the most expensive NFT ever sold.

04harshal

May 16, 2022

$0.30

NFTs are continuously growing in popularity throughout 2022, with art collections worth millions being sold as digital jpegs, and some of the top influencers and celebrities the world over getting involved in the action with their own projects, such as NELK’s Full Send Metacard.


We’ve seen collections like the Bored Ape Yacht Club and CryptoPunks become some of the most expensive pieces of art you could buy, with artists like Beeple and Pak selling their pieces for tens of millions of dollars.