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ART & COLLECTABLES

The biggest NFT hits from celebrities dollar-wise

Millions of dollars in sales are still coming in as a consequence of the non-fungible tokens. So far, these are the top NFT earners in 2021.

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Non-fungible tokens have quickly become a mainstream phenomenon, with a slew of celebrities, entertainers, and sports figures promoting them. The question is, which NFT has had the greatest impact on this burgeoning industry?

There’s no denying that NFTs have taken the world by storm, with some of the most popular digital collectibles commanding exorbitant prices, prompting a stampede of newcomers eager to cash in on the trend.

While many have tried to cash in on the apparent success of NFTs, a few notable digital collectible creators have had their NFTs sell for millions of dollars at auction. NFTs have become the new-age autograph in a short amount of time, and their use has spread across a wide range of industries.

As blockchain-powered digital collectibles marketplaces boom for American sports leagues such as the National Basketball Association and the National Football League, the world of sport has taken a liking to NFTs. Beeple’s $69 million digital art piece broke auction records and changed the way people enjoy and own art, indicating that the art industry is undergoing a new age renaissance of sorts. Musicians, celebrities, and content creators have all launched their own NFTs, which are changing the way fans and consumers buy memorabilia, merchandise, and content.

Here are some of the most popular NFTs in 2021, with information on the developers or original owners as well as the current value of those NFTs.

Beeple’s “Everydays”

Beeple’s now-famous digital collage “Everydays: The First 5000 Days” is an obvious choice for this list of prominent NFTs. Its price alone has cemented its reputation as the most valuable NFT ever sold at auction.

The digital collage was created by American digital artist Mike Winkelmann, better known by his nickname Beeple, and sold for $69,346,250 in February 2021 at renowned auction house Christie’s.

Over the past 13 and a half years, Beeple has been releasing a piece of digital art every single day, and “Everydays: The First 5000 Days” is a collage of 5,000 of these objects.

The NFT’s jaw-dropping price tag was only realized in the last two minutes of the auction, when the digital art piece saw a drastic rise in the value of offers, moving up from a $20 million offer to a final bid for about $60 million. The $9 million difference was due to Christie’s buyer’s premium.

Jack Dorsey’s $2.9-million genesis tweet

Twitter CEO Jack Dorsey successfully auctioned off the digital rights to his first-ever tweet from March 2006, in a strange and wonderful use-case example for NFTs. In March 2021, the NFT tweet was ultimately sold for $2.9 million, with the proceeds going to the GiveDirectly fund.

On March 6th, Dorsey posted a link on his Twitter profile that directed users to an online auction for his 2006 tweet, which was also the first-ever made on the popular social media website 15 years ago.

“Just setting up my twttr,” says Dorsey’s first tweet, which he posted in March 2006. Dorsey’s digitally autographed tweet drew a lot of interest, but Sina Estavi, the CEO of Tron-based Bridge Oracle, won it.

Edward Snowden’s NFT

Another well-known person who has raised a lot of money by selling of an NFT is American whistleblower Edward Snowden. He made headlines in 2021 when he raised $5 million for the Freedom of the Press Foundation by selling a one-of-a-kind piece of NFT art.

Snowden commissioned the NFT art project, dubbed “Stay Free,” to honor a key 2020 court decision stating that the US National Security Agency’s mass spying breached the law. Snowden was instrumental in revealing the infractions, and the art piece includes every page of the landmark court decision, as well as a silhouette of Snowden’s face in the foreground.

Over the last decade, Snowden has become one of the most well-known government whistleblowers. Snowden obtained access and exposed sensitive material linked to NSA privacy abuses during his position as a former employee and subcontractor for the US Central Intelligence Agency.

A federal appeals court concluded seven years later that the NSA’s surveillance program, which collected data on Americans’ phone calls, was unconstitutional. After disclosing this material, Snowden was forced to seek asylum in Russia, where he was granted permanent status. For disclosing this information to the public, Snowden was charged under the Espionage Act.

Given the popularity of NFTs in 2021, it’s no surprise that Snowden’s “Stay Free” art work fetched such a high price at auction. PleasrDAO, which was founded by a group of NFT art collectors, purchased the NFT.

The group won the digital art work with a winning bid of 2,224.00 Ether (ETH). As the bidding for the “Stay Free” NFT heated up, Snowden remarked in a tweet that the final sum paid for the art piece was more than the Freedom of the Press Foundation’s yearly budget.

Gronk’s NFL Championship Series

Rob Gronkowski, an NFL veteran, is undoubtedly the most significant player to have had a successful NFT debut of digitally signed trading cards.

The Tampa Bay Buccaneers tight end debuted in the realm of NFTs in March, when he teamed up with OpenSea to create a collection of trading cards, which he sold for $1.8 million in ETH.

The Championship Series NFTs honor Gronkowski’s four NFL championships, while the fifth and final “Career Highlight Refractor Card” honors those four great seasons. Gronkowski won three NFL championships with the New England Patriots, and he won his fourth with quarterback Tom Brady after joining the Buccaneers in 2020.

The four Championship Cards had 87 digital editions up for auction, whereas the fifth Career Highlight card was just a single NFT.

Given this, it’s unsurprising that the one-of-a-kind “Career Highlight Refractor Card” sold for the most money at auction, fetching 229 ETH (about $435,000 at the time). The two-day auction resulted in the sale of 349 trading cards, as well as the one-of-a-kind Career highlight card, to 95 different owners. The auction’s entire trading value was 1,014 ETH, which was worth $1.8 million on the day.

Grimes’ $5.8 million in 20 minutes

Last but not least, Canadian musician and visual artist Claire Elise Boucher, better known by her stage name Grimes, had a successful NFT launch, with purchases of tokenized artwork totaling $5.8 million at the end of the sale in March 2021.

Grimes’ first NFT collection, nicknamed “WarNymph,” was designed by her brother, acclaimed digital artist Mac Boucher. The artwork depicted a fantasy universe focused on a goddess who was stylised as a baby angel. Carbon 180, a non-governmental organization dedicated to decreasing carbon emissions, received a portion of the revenues from the “WarNymph” NFT sales.

As previously stated, Grimes’ NFT work was in high demand, with copies selling for more than $5 million in less than 20 minutes after being public on Feb. 28. “Death of the Old,” the most expensive NFT, received a winning offer of $389,000.

It looks Like NFTs Are Here To Stay

NFTs have quickly outgrown their reputation as a novelty, and there appears to be widespread agreement that the field will continue to attract significant investment and use in the future.

It is apparent that tokenizing assets is becoming more widespread, from singers looking to push the bounds of their regular releases, such as Kings of Leon, who made $2 million from their NFT album release, to a $1.8 million pair of sneakers.

“I own some NFTs, but that is because I enjoy the art and the community that was developed to make the art,”

Mattison Asher, who does research on Ethereum, NFTs, and DeFi at ConsenSys, said at the time and added that it’s difficult to predict whether the prices paid for certain works of digital art and other NFTs will keep their worth in the future. However, beauty is in the perspective of the beholder, and the auction plainly demonstrates that people respect Beeple’s “The First 5000 Days.”

Asher, on the other hand, believes that sales like those of “Everydays” have played a larger part in bringing together businesses that appear to have more in common than meets the eye:

“The stories of crypto and Beeple are strikingly similar. Beeple, like the crypto sector as a whole, has had to overcome a tremendous amount of adversity in order to reach the current level of success. Beeple has been making digital works for years, much like the crypto industry as a whole, with little recognition.”

ART & COLLECTABLES

The Beatles and John Lennon’s Music History Collection will be Auctioned as NFTs

The “Lennon Connection: The NFT Collection” would offer each NFT as an audio-visual collection, told by Julian Lennon himself.

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#nft #nfthours #thebeatles #johnlennon

Julian Lennon, John Lennon’s eldest son, is selling some of the most valuable items of music history from his collection.

Some of the most sought-after Beatles artifacts available for auction are John Lennon’s coat from the film “Magical Mystery Tour,” his cape from “Help!,” three guitars, and Paul McCartney’s handwritten arrangement notes for “Hey Jude.”

The “Lennon Connection: The NFT Collection” NFT series, in conjunction with NFT marketplace YellowHeart and Julien’s Auctions, began bidding on Monday and will start on February 7. The White Feather Foundation will get a percentage of the proceeds from the NFT auction.

Julian would keep the tangible things, but the buyer would be the owner of the rights to the one-of-a-kind NFT. Every NFT in the collection would be available as an audio-visual collectible narrated by Julian Lennon.

The handwritten note by Paul McCartney for “Hey Jude” is thought to be the most famous piece that is expected to draw the highest bid. The item’s NFT starts at $30,000 and goes up from there.

Julien’s Auctions has sold other Beatles items in the past, bringing in millions of dollars. However, one of John Lennon’s acoustic guitars, which sold for $2.4 million, Ringo Starr’s drum kit, which sold for $2.2 million, and the drum head Ringo used on the “Ed Sullivan Show” in 1964, which sold for $2.1 million, is among the essential items.

NFTs are the newest crypto fad, and many believe they will disrupt the art business. NFTs have become the latest trend in the art world, with mainstream artists and celebrities abandoning traditional auctions in favor of NFTs.

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ART & COLLECTABLES

Due to a UI Glitch, OpenSea is Reimbursing Users Who Sold NFTs for Less Than Market Value

Due to a UI glitch, several OpenSea customers saw their NFTs sold for far less than market value this week. The NFT marketplace is currently compensating affected users and updating certain aspects of its user interface design.

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#nft #nfthours #opensea #reimbursement

Some OpenSea customers were horrified to discover that their valuable NFTs had been sold for pennies on the dollar earlier this week. And many people were understandably devastated.

“Guys, I just lost an ape…. I’m in tears…. How did this happen so quickly???? “On Monday, an OpenSea user known as TBALLER posted 15 sobbing emoticons.

Due to a UI glitch on the NFT marketplace, TBALLER’s Bored Ape Yacht Club (BAYC) NFT was sold for about $1,800 on OpenSea – 99 percent below the floor price. The bidder who snatched the NFT instantly resold it for nearly $200,000, generating a $198,000 profit in less than an hour.

While the problem isn’t new, it has reappeared in a significant way this week. Elliptic, a blockchain analytics startup, discovered at least three attackers who bought over eight NFTs valued over $1 million for a fraction of their market value on Monday. Those NFTs were from the BAYC, Mutant Ape Yacht Club, Cool Cats, and CyberKongz collections, among others. According to blockchain security startup PeckShield, one attacker got 332 ether (worth over $800,000) by acquiring NFTs below market value owing to the flaw.

The company is “currently reaching out to and reimbursing affected users,” according to an OpenSea spokeswoman, who saw their NFTs sold below market value due to the “confusing UI” issue. Simultaneously, the marketplace is attempting to address the issue by raising awareness and providing consumers with more visibility and control over their NFTs.

What is the issue?

This is the source of the issue. Let’s say an OpenSea user receives an offer to sell their NFT for a particular amount of money. Instead of retracting the offer and paying the associated gas fees, they elected to transfer the NFT to another wallet. This indicates that the deal is no longer available on OpenSea. The issue arises if they return the NFT to the same wallet – the offer remains active and valid, and anyone might accept it.

When the NFT in question has increased in value between the time of the original offer and the time it is returned to the same wallet, this problem becomes considerably more serious. While the user now feels their NFT is worth hundreds of thousands of dollars (in BAYC’s instance), the NFT is sold for its initial price, which could be as low as a thousand dollars. And it’s this inconsistency that’s generating so much trouble.

On OpenSea, the only option to cancel a sale offer is to do an on-chain transaction, which is sometimes costly due to Ethereum’s high gas prices. This is why, rather than retracting their sell offer, OpenSea users prefer to relocate their NFTs to a new wallet.

According to Ledger CTO Charles Guillemet, “Gas price evasion is pushing terrible design and bad behavior from users.” “The scalability dilemma has never been more pressing, and the answers are Layer 2 [networks] rather than off-chain logic methods,” says the author.

Since its inception, OpenSea has had this UI design. However, attackers have only recently become aware of the issue. According to an OpenSea spokesman, the firm has kept this issue under wraps “because we didn’t want to risk bringing it to the attention of bad actors who could abuse it at scale until we had mitigations in place.”

“This isn’t an exploit or a flaw; it’s a problem that occurs due to the blockchain’s nature,” the representative explained. “Users must cancel their own listings; OpenSea cannot cancel listings on their behalf.”

How is OpenSea attempting to avoid this?

OpenSea has taken the UI issue “very seriously” and is working on many product enhancements, according to the company.

To begin with, the platform has introduced a new listings manager that allows users to quickly view and cancel their listings.

Second, according to the spokesman, OpenSea is reducing the default listing duration from six to one month, so that if an NFT is transferred back into a wallet after one month, the listing will have expired.

When users transfer an NFT out of their wallet that has an active listing linked with it, OpenSea will notify them and ask them if they want to cancel it. According to the spokesman, if OpenSea has the user’s email address associated with their OpenSea profile, it will send them an email in this respect.

This isn’t the first time that OpenSea users have encountered problems. A flaw in the NFT marketplace accidentally destroyed at least 42 NFTs valued at least $100,000 in September. Because the platform did not allow ERC-1155 tokens at the time, an OpenSea user named Tom Kuennen had his NFT vanish from his wallet early last year.

OpenSea is the industry leader in the NFT arena, with over 60% market share. However, due to a surge in activity on LooksRare, which has mostly been driven by wash trading, OpenSea’s market share has dropped dramatically this month. OpenSea has raised $300 million in a Series C fundraising round, valuing the company at $13.3 billion.

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ART & COLLECTABLES

What Could Shiba Inu Dev’s Major NFT Partnership Be This Time?

What could Shiba Inu dev’s hints about a huge NFT alliance be this time?

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#nft #nfthours #shibainu

In a recent series of tweets, Shiba Inu developer Shytoshi BEANsama appears to be hinting at a significant NFT relationship, albeit the complete specifics are unknown at press time.

“Alright… there you go,” the SHIB developer had tweeted. ” Another one done. Now we’re working on the pitch,” indicating a forthcoming advancement in the area of NFTs and gaming. Then, on Jan. 22, the lead developer tweeted: “Looks like I should learn Italian… #soon,” and then a SHIB member said, “We have partnershib with lamborghini folks!!!’ ‘Trust me, bro,’ is the source.”

Though Lamborghini has yet to comment as of press time, a quick look at the Italian carmaker’s official Twitter account shows an NFT launch is on the way.

“Our First NFT is coming moon,” the Italian brand and builder of luxury sports cars and SUVs said in a 21-second video posted on Jan. 20. NFTPRO.”

”Inbound” announcement?

Shytoshi Kusama, a Shiba Inu developer, revealed that he had presented the Shiba Inu Core Team with a significant concept that, if accepted, might shake the crypto market.

A tweet from Shiba Inu’s official website also hinted at something huge developing in the Shiba Inu ecosystem, according to the SHIB developer. The dog-themed group appears to be gearing up for big things in the NFT area.

Queenie, the official Discord moderator, alluded to a big surprise in 2022 during an AMA session on Twitter in late December, without further details.

Queenie was reminded of the news by a user, who stated, “Hey, @QueenE OCE, you mentioned that a big surprise was coming in the first half of 2022. I realize it’s very early in the year, but have you heard anything about it? Cheers!”

The announcement is still “inbound,” Queenie said, and the team is working on it as rapidly as they can. “All I have to say is that it’s still on its way!! We’re working as rapidly as we can to get everything ready. But quality trumps quantity and the wait will be well worth it.”

At the time of publication, SHIB was trading at $0.000021.

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