The NFT million dollar hype: 7 bizarre and very expensive non-fungible tokens

You have probably heard someone about it recently: an NFT. It is a million dollar hype that is completely breaking at the moment. Seven bizarre and very expensive non-fungible tokens that underline that.

NFT is short for non-fungible token, which is a non-replaceable token backed by blockchain technology. They are unique pieces of code on the internet, to which a digital work is linked. In most cases this involves digital art, videos, sound and other forms of digital creative work. In short, they are digital collectibles. In this article you can read exactly what NFTs are and why they are worth so much.

The most bizarre and expensive NFTs

The contents of NFTs are quite diverse. There are artists who sell digital work for millions, fortune seekers who sometimes hit the mark with a simple GIF and even sell a video of a painting being burned. Seven non-fungible tokens that show just how crazy this hype is.

1. The Beeple JPG collage

Mike Winkelmann, better known as Beeple, made a digital work of art every day for thirteen years. With the NFT hype in mind, he combined all the works into a relatively simple JPG collage. He turned it into a non-fungible token, which to his surprise sold for $ 69.3 million.

nft, beeple, hype
(Image: Beeple)

2. The first tweet from Jack Dorsey

On March 21, 2006, Twitter founder Jack Dorsey launched his first tweet. “Just setting up my twttr”, were the first words on this social medium. Everyone can see the tweet, but this year Dorsey also put the tweet on the NFT market as a unique piece of code. Ultimately, tech entrepreneur Sina Estavi from Malaysia was the highest bidder. He paid $ 2.9 million for the non-fungible token. Dorsey has transferred all the money in Bitcoin to Give Directly’s Africa fund.

3. Burnt Banksy

Three men bought the print for $ 95,000 Morons (White) from Banksy. Then they set the artwork on fire. Why? To get almost four times that in return. They sold the burnt work as NFT for $ 382,336 in Ethereum.

4. Nyan Cat

Nyan Cat is one of the most famous GIFs on the internet. Anyone can save the GIF to their computer, but only one person owns Nyan Cat as a non-fungible token. He paid the maker $ 580,000.

5. The Grimes WarNypmh Collection

Artist Grimes, the girlfriend of tech billionaire Elon Musk, was one of the first celebrities to appear on the bandwagon jump. At the end of February, she sold a series of her digital artworks with ‘WarNypmh Babies’, which earned her $ 5.8 million in 20 minutes.

6. Crossroad from Beeple

Even before his JPG collage, Beeple earned $ 66,666.66 with his first NFT. The work, called Crossroad, was made for the results of the American presidential election. Had Trump won, Trump would have been raised from the dead in the video below. That did not happen. However, this non-fungible token was sold in a resale for $ 6.6 million.

7. Nude model sells itself as NFT

When millions of people go around during a hype, people come up with crazy things. For example, nude model Kara del Toro sells herself as NFT, and she admits a bonus. Read more here.

Want to get started yourself? In this article you can read how to create and sell an NFT yourself.

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The NFT million dollar hype: 7 bizarre and very expensive non-fungible tokens

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