NFTs or Non-Fungible Tokens’ existence can be traced as back as 2014. But they have grown in popularity recently, with some NFTs fetching multi-million dollars. NFTs are unique digital collectibles that cannot be exchanged for another like other cryptos.
Any type of digital file can be made into an NFT. But the majority of the NFT market is flooded with Digital Art, and people who value art are spending fortunes to acquire them.
Today, we are looking at the 11 most expensive NFTs sold to date. It will be an interesting read to let us take you right to it!
How Is The Price Of An NFT Decided?
Buyers and sellers determine the value of an NFT. It is usually easier to evaluate when an NFT is minted to depict a tangible commodity. However, in the virtual world, most NFTs only exist on-chain.
Each NFT collection has its supply and rarity. However, there are several other variables that influence the value of an NFT. Limited-series NFTs with specific use cases are…