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Just went down a rabbit hole on NFT history and honestly some of these price tags are wild. Like, Pak's Merge sold for $91.8 million back in 2021? That's insane. What's even crazier is it wasn't just one person buying it - 28k+ collectors pooled together to own it. Each person bought different quantities and the final price was basically the sum of everything. Totally different from how most expensive nft sales usually work.
Then there's Beeple who apparently created one digital artwork every single day for 5,000 days straight and sold the whole collection for $69 million. Starting bid was only $100 but the hype was real. The buyer paid in crypto too - like 42k ETH or something. That's the kind of story that actually makes sense why it commanded that price.
What really got me though is CryptoPunks. These 10k avatars from 2017 are still dominating the most expensive nft rankings. CryptoPunk #5822 went for $23 million just because it's one of only 9 alien-themed ones. And there's like 5+ other CryptoPunks in the top rankings. These things were literally free to mint back in the day if you had an Ethereum wallet. Wild how that turned out.
The Clock by Pak is another one that hits different - it's literally a timer counting Julian Assange's prison days and updates automatically. Over 100k supporters pooled $52.7 million to buy it. So it's not just art, it's activism. That's actually pretty powerful.
Honestly the whole list shows how the most expensive nft market is basically dominated by early projects and established artists. Beeple, Pak, CryptoPunks - they keep showing up. Makes you wonder what's actually going to hold value long-term or if we're just seeing a specific era of NFT history that'll never repeat. The market's definitely cooled since 2021-2022 when these records were set. You thinking any of these will ever get topped or is this the peak?