Industry Updates
The Most Expensive NFT Ever Sold. With a Twist
Writen by Andrei Vandy on 08.12.2021
The Most Expensive NFT Ever Sold. With a Twist
Officially, Beeple’s art collage known as “Everydays” is the most expensive NFT ever sold. But there’s another piece of digital art that has a claim to that title: an NFT that was sold for a whopping $532 million back in October. Only there’s a twist to the story. 

The digital artwork in question is a white-haired, green-eyed character known as CryptoPunk #9998. It is part of the CryptoPunks collection, a set of 10,000 NFTs developed and released in 2017. Since these are some of the first NFTs to ever be created, they are typically expensive, with price tags between $350,000 and $500,000. And while this particular artwork got sold for an impressive $532 million, it didn’t change owners.

This NFT was moved from Wallet A to Wallet B, then Wallet C came into play and bought the NFT from Wallet B for $532 million only to instantly transfer it back to Wallet A. Why did that happen? The buyer didn’t make the transaction using his own money. Instead, he was loaned the money through a “flash loan”, a decentralized finance tool that allows people to loan cryptocurrency if the criteria of a smart contract are met. 

The sale was first discovered by Twitter and Discord, the two platforms where most NFT discourse happens. The main hypothesis circulating in the crypto community is that the whole sale was a publicity stunt designed to drive up the price of that owner’s CryptoPunk. 

There are three CryptoPunks among the top five most expensive NFTs ever sold, but the highest legitimate sale of a CryptoPunk generated $11.7 million. Not bad, but not nearly close to the $532 million generated by this controversial sale. 

Want more Informations?
White Paper Project ecosystem
Presenting

The Proof of Users

Access Innovative Rewording Systems and Investment Opportunities inside TOKHIT App with The Power of PROOF OF USERS CONCEPT.
HOW IT WORKS

The Roadmap

The Next 3/4 Months Projection for TOKHIT Development and Ecosystem Building

TOKHIT MVP Launch

The first, limited-access version of the TOKHIT App

The GateArt Launch

A collaborative content sharing platform

The AirHugs Gang NFT

The first NFT collection powered by TOKHIT

First in App TOKHIT Game

The first game to be integrated in the TOKHIT App

Delevoping Kolect

The NFT wallet that will be integrated in the TOKHIT App

TOKHIT MetaLaunch

The official, worldwide launch of the TOKHIT App

Join the TOKHIT community

Join our community to stay updated on the project's progress and learn more about new features, campaigns, offers or product launches.

Please note that you will need to verify your email address to complete the registration process.

A MultiChain Entertainment Ecosystem

An NFT Wallet. A Secure Messaging App. An NFT Marketplace. A Blockchain-Based Shopping Platform. A Metaverse. A Gaming Platform.

DISCOVER OUR VISION

Don’t miss the Chance to Invest in TOKHIT NOW. Ending Sale Phase is Live!

INVEST IN TOKHIT TOKENS