NFTs & 2021: Recap of A Bullish Year!

over 2 years ago

Hello, hivers! It's no secret that Non-Fungible Tokens (NFTs) went mainstream this year. How about a quick rundown of NFTs that went crazy, along with the insane prices at which they were sold and bought?

Starting with the founding father of all NFTs, 'Beeple aka Mike Winklemann,' a 40-year-old graphic designer from South Carolina, USA. He developed a collection of all his digital artworks in one large art piece every day for the first 5000 days. This was the first time a major auction house presented an NFT, which fetched $69,346,250!

Everydays: the First 5000 Days by Mike Winkelmann (a.k.a. Beeple)

Next up are Cryptopunks, which are algorithmically generated little cryptic 24 by 24 pixel art images that were first made in 2017 and were really provided for free to anyone with an ethereum wallet!

Samples of CryptoPunks

It's incredible that by 2021, these punks had sold millions of albums and had opened the doors for Board 8 Yatch Club, which had just debuted this year.

Then comes in the wild sale of Jack Dorsey's first tweet at the price of 1630.5826 ether ($2,915,835.47) to @sinaEstavi. Dorsey bought bitcoin with the ether and gave it to the organization GiveDirectly, which assured that some of the money went to some of Africa's poorest households.

The music industry was not going to miss out on the excitement! Kings of Leon is a rock band that is the first major label band to release an album as an NFT. The album When You See Yourself wasn't a huge commercial success, but it wasn't a complete flop either. They stood to show record labels the amazing feats NFTs were capable of achieving in music distribution.

Doge, Disaster Girl, Scumbag Steve, Charlie Bit My Finger, Overly Attached Girlfriend, and even Bad Luck Brian (sold for $36k) were among the meme NFTs that made headlines this year.

The most expensive NFT sale to date occurred in December, when 28,983 investors purchased tiny square portions of a big piece of artwork. Investors have the option of combining their pieces to make a larger whole. As a result, PAK is now the most expensive living artist on the planet!

Pak maintains their anonymity using this logo as a stand-in for a picturem

There is a lot of buzz about NFTs, and PAK's sale is particularly important because some of us wonder if many people buying a single work of art isn't just a security that should be regulated, or if the option to merge given to investors might actually help overcome these concerns, which will have a long-term impact on how future art is sold for many generations!