NFT-Collectibles

The Most Expansive NFT’s So Far

When most of us hear nfts, or non-fungible tokens, we think about the auctions that we read about, where digital art gets sold online for astronomical prices.

Come take a look at the most expensive NFT sales with us. Why? Because it’s a new digital economy out there and it’s growing!
One excellent question that I keep hearing is: How are tokens better than the processes and market mechanisms we already have?

Let’s start with art, it’s a great example: When art auctions happen in the real world, usually there is a gatekeeper that the artist needs to go through, a gallery, an auction house, etc. With NFTs, property and ownership rights can be attributed digitally, without intermediaries. This degree of autonomy is one of the benefits. The more exciting argument are the secondary sales ‚royalties‘ though – this means that every time an art piece gets re-sold, the original artist gets a share of those profits. So while the first sale might not have been a huge commercial success, over the artist’s lifetime they still benefit from every transaction on their name.