Monday, July 15, 2024

Despite being around for only a decade, NFTs have made significant advancements in their technology and adoption. Companies are increasingly utilizing NFTs for various operations. The concept of NFTs was first introduced in 2012 with a project called Colored Coins, which aimed to tokenize the first-ever block of Bitcoins. Since then, the NFT market has seen record sales and the introduction of NFT token standards like ERC721. The launch of the Ethereum network in 2017 further revolutionized the sector. Today, there are thousands of NFT collections running on multiple blockchains. While there are concerns about the worth of NFTs, the industry continues to grow. In this article, we have curated a list of the most expensive NFTs so far, ranging from $6 million to $70 million. Let’s explore these valuable artworks and their creators.

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