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The most expensive NFT artworks ever sold – Prestige Online Malaysia

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Some of the most expensive NFT artworks share some attributes with physical artworks in terms of creativity and aesthetics. However, the key difference is that being NFTs, they are simply a code — digital art that exists only on the internet.
Non-fungible tokens (NFTs) have become the “it” thing, thanks mostly to the Beeple artwork that sold for USD 69.3 million in 2021. In fact, some of the most expensive NFT artworks are by Beeple or by a company known as Larva Labs, an early entrant in this world.
Some of these are creatively futuristic and take the artists to record major feats. For example, the REPLICATOR by Canadian artist Mad Dog Jones, whose real name is Michah Dowbak, replicates itself and produces a new NFT every 28 days.
According to its seller — art auction house Phillips — it is an “NFT experience comprising seven unique generations of artworks.” The work sold for USD 4.1 million in April 2021, making Mad Dog Jones the most expensive living Canadian artist.
Yet the prices of NFT sales of artworks have skyrocketed, proving that the market of expensive NFT art has just started to flourish and still leaving room to expect a lot in the coming years.
The Merge is a unique digital artwork in the world of NFTs because, instead of being a single piece of work, The Merge is, what can be called, fragmented art.
Created by the renowned artist who goes by the pseudonym Pak, The Merge was sold on NFT marketplace Nifty Gateway between 2 and 4 December 2021. It fetched a record sum of USD 91.8 million — the most expensive NFT ever sold that is an artwork.
Instead of a single owner, The Merge is held by 28,983 collectors. This is because the artwork was sold in units known as ‘mass’. Thus, the collectors together bought a total of 266,445 masses by the time the sale ended on 4 December.
Each ‘mass’ cost USD 575 when the sale began. The price of the tokens went up by USD 25 every six hours.   
Acclaimed digital artist Mike Winklemann, better known as Beeple, created a record when his single piece artwork titled Everydays – The First 5000 Days sold for USD 69.3 million at a Christie’s auction on 11 March 2021. Therefore, it is the most expensive NFT sale recorded for an artwork by Beeple.
The artwork is so named because it is a collage of 5,000 individual images made one per day over more than thirteen years from 2007 to 2020 by Beeple.
It was the first purely digital NFT-based artwork offered by a major auction house. Following the sale, Christie’s said Beeple now ranked among the “top three most valuable living artists.”
Its buyer, MetaKovan, later revealed as crypto investor Vignesh Sundaresan, called it “a steal” while talking to The New York Times.
The costliest single-piece NFT artwork, Everydays – The First 5000 Days, is credited by many as the sale that started the NFT boom through 2021. It also catapulted Beeple and his works into an even bigger league, with collaborations with Nike and Katy Perry.
On 9 November 2021, Beeple had his second-most successful NFT artwork sale. At an auction hosted by Christie’s, the American artist’s creation, Human One, went under the hammer for USD 28.9 million. The buyer was Swiss entrepreneur and venture capitalist Ryan Zurrer.
Human One is remarkably different from Everydays: The First 5,000 Days — the former is a hybrid digital and physical artwork, whereas the latter does not physically exist.
Beeple created a futuristic human-like sculpture, which was seven feet tall and appears to be perpetually walking across ever-changing landscapes. The 3D movement is presented through four video screens of 16K resolution, which come together to form a 4×4-feet box.
According to Christie’s, the kinetic video sculpture came with dual media servers and had a polished aluminium metal, mahogany wood frame.
Speaking to Christie’s head of digital sales Noah Davis, Beeple said, “We had a bunch of TVs on rollers in our studio and were rolling them around in different shapes and patterns. Then I was like: ‘We should roll them into a little box unit.’…We immediately realised that this configuration of screens was a powerful canvas — anything we put on it looked awesome.”
Human One was sold with a corresponding dynamic NFT, which was minted on 28 October 2021. The unique feature of the work is that Beeple will continue to have remote access and creative control over it. This means that the artist can change the creative elements, such as the landscape, as long as he is alive.
“The Physical Element is designed to continuously display the Artwork. Beeple will maintain remote access to the Physical Element to ensure proper functionality and/or enhance the displayed Artwork. Beeple warrants that the Physical Element does not contain any features designed to impair the continuous display of the Artwork,” Christie’s said in its description of Human One.
👽 pic.twitter.com/lQg6DzSttr

CryptoPunks have long been one of the most sought-after tokens in the NFT space. One of the earliest NFT projects, CryptoPunks, was launched in 2017. A creation of Larva Labs, the acclaimed studio founded by Canadian developers Matt Hall and John Watkinson.
CryptoPunks is essentially a collection of 10,000 tokens called ‘punks’ by their creators and collectors. Often considered the OG NFT collection, each is a collectible character — much like a trading card. No two ‘punks’ are the same, which makes each CryptoPunk an exclusive item.
In a major sale on 13 February 2022, CryptoPunk #5822 was sold for 8000 ETH, which converts to roughly USD 23.7 million at the time of sale. This makes it the most expensive CryptoPunk sale ever.
The cryptopunk is part of the Alien series collection and has bluish-green skin with only one attribute — a blue bandana. Its buyer, reportedly, is the CEO of blockchain infrastructure company Chain, Deepak Thapliyal, who posted a tweet showing Punk #5822.
On 10 June 2021, CryptoPunk #7523 was sold for USD 11.75 million at a Sotheby’s auction, making it the second-most expensive ‘punk’ of all the collections. #7523 is one of the nine in the Alien series of the collection.
The bluish-green-skinned character wears a knitted cap and earrings, too. It is also the only Alien character and one of the 175 in the collection with a medical mask.
According to Reuters, Sotheby’s revealed the token was bought by Israeli entrepreneur Shalom Meckenzie — the largest shareholder of digital sports company DraftKings.
On the same day Beeple created history, a crypto art, known as CryptoPunk #3100, was sold for USD 7.58 million. Like #7523, the #3100 is also one of the nine Alien ‘punks’. It has bluish-green skin and just one other feature — a white-and-blue headband. Only 406 out of 10,000 in the collection wear a headband and only 333 have just one attribute.
At the time of its sale, CryptoPunk #3100 was the highest-priced ‘punk’, beating the record set by #7804 a day before by just a whisker.
It has been in the news for some time because of its listed price. According to Larva Labs, it is currently up for sale for USD 114.54. If realised, it would become the highest-priced NFT in history.
The ‘punk’, which looks more like Sherlock Holmes with shades, is another of the nine Aliens among the 10,000. On 10 March 2021, it made news for fetching USD 7.57 million for its seller, Figma CEO Dylan Field, who had dubbed it his “digital Mona Lisa.”
The pipe-smoking character wears small shades and is one of the 254 who wears their cap forward. Unlike #3100, the #7804 is not up for sale.
Xcopy is the pseudonym of a London-based crypto artist whose works are one of the most in-demand across marketplaces. According to The Crypto Times, Xcopy, who is known for his dystopian- and death-themed works, has sold over 1,900 artworks.
The Right-click and Save As guy is the name of an NFT artwork created by the artist as a joke on those who think that NFTs are worthless because they can simply be right-clicked and downloaded.
The artwork shows a character wearing large shades and a hoodie. Its red-tinted lips are constantly moving, as if mumbling something.
Right-click and Save As guy was sold on the SuperRare marketplace for USD 7.08 million in early December 2021. It was bought by the user known online as ‘Cozomo de Medici’, who has a vast storehouse of NFT digital collectibles.
Some speculate that ‘Cozomo de Medici’ is the alias of rapper Snoop Dogg. Even though the American celebrity admitted that he is the man behind the identity, it has not been independently verified.
Ringers #109 is an artwork by Art Blocks, which is a project that creates loops around pegs using an algorithm. The artwork can be a 3D image, an interactive feature, or a static picture.
Ringers #109 is a static image of a series of loops around multiple pegs. The dominant colour is black on a white background. The balanced wrap orientation, the loop and the white background are three very rare attributes in Art Blocks’ creations. The rarest is, however, a red peg — the colour is present in just 0.3 percent of its tokens.
The NFT was sold for USD 6.9 million in October 2021 — a record price for Art Blocks. It is not clear who bought the NFT but according to The Crypto Times, the seller was AKIRA, co-founder of NarcissusGLRY, who revealed the sale on Twitter.
According to AKIRA, the NFT was bought by them for USD 550 in March 2021.
A Coin for the Ferryman – 1/1
💥New #crypto #art release over @SuperRare_co #bitcoin #banker #ETH pic.twitter.com/dLQgervQOw
— XCOPY 🏴 (@XCOPYART) April 20, 2018

One of the earliest works by Xcopy, A Coin for the Ferryman was sold on SuperRare for USD 6.01 million on 4 November 2021.
The artwork is a GIF, showing constantly changing expressions on a person’s face. It was minted by Xcopy on 20 April 2018.
A Coin for the Ferryman – 1/1
New #crypto #art release over @SuperRare_co #bitcoin #banker #ETH pic.twitter.com/dLQgervQOw
— XCOPY (@XCOPYART) April 20, 2018

At the time, it was bought by a user named @0xclipse for USD 139. In 2019, it was transferred to a user named @electricmeat who eventually sold it on SuperRare to the current owner @jpeggy.
Beeple’s Ocean Front is much more than one of the most expensive NFT artworks. It is a telling reminder to the world of the impending disaster that unchecked climate change is set to bring.
The artwork is part of Beeple’s “Everydays” series. It shows a series of trailers and containers stacked upon each other on a platform in the middle of an ocean. At the top of the dystopian man-made objects is a tree, underneath which mushrooms can be seen growing.
The artwork was bought on 23 March 2021 following intense bidding on Nifty Gateway by Justin Sun, the founder and CEO of the Tron Foundation, for USD 6 million. Beeple himself announced the winner and the winning bid on Twitter.
(1/4)Here let’s enjoy @beeple‘s NFT artwork “OCEAN FRONT” that I successfully won a bid for!
“OCEAN FRONT” expresses Beeple’s concerns on global climate change, a profound message of the need for environmental protection. pic.twitter.com/zGXWyyPgmO
— H.E. Justin Sun (@justinsuntron) March 30, 2021

Following the transaction, Sun tweeted that proceeds from the sale to Open Earth Foundation — an NGO working to tackle climate change.
(Main image: Pak/@muratpak/Twitter; (Featured image: SuperRare)
This article first appeared on Lifestyle Asia Kuala Lumpur.

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NFT

NFTs: four “secrets” to understand their real value – Domus

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If we take a look at the Bitcoin price chart, it’s quite easy to picture the ever-growing number of investors who, since the cryptocurrency’s first peak in June 2016, have found themselves spending one or more nights staring at those green and red lines, studying spikes and dips, desperately searching for a pattern that would help them predict the currency’s future value. Is it ever possible to predict the value of a cryptocurrency? How about the value of an NFT?
In March 2021, following the worldwide news that the NFT associated with the work of art by US artist Beeple Everydays: the First 5000 Days had just been sold by Christie’s for almost 40,000 Ether, corresponding to $69.3 million at the time of sale, researchers at the Alan Turing Institute decided to set up a data collection and analysis system that would tell the story of the NFT market from June 2017 to April 2021, covering a total of 6.1 million transactions. The recently published article Mapping the NFT revolution: market trends, trade networks, and visual features attempts to identify which factors determine the selling price of an NFT.
In just one year, the non-fungible tokens (NFTs) market has grown from around $340 million to $14 billion, and while some people are still questioning the point of investing in a .jpg and others are protesting against the environmental impact of proof-of-work transactions, luxury brands and auction houses, from Gucci to Sotheby’s, are rushing to launch their metaverse – a series of virtual places where it is now possible, among other things, to collect avatars and game items, wear digital designer clothes and exhibit intangible works of art, all easily purchased in the form of NFTs. In this new market, art and fashion come surprisingly second, imitating and seeking collaborations with the video game industry, while Morgan Stanley claims that in less than ten years, 10% of the luxury industry will be made up of NFTs bought, purchased and above all – get this! – rented, in the metaverse.
Homer Pepe, the currently most expensive and rarest NFT card of the first NFT collection to collect public success: Rare Pepe Wallet, created in 2016. The last auction that saw it as protagonist dates back to 2018, purchased in Ethereum for a value corresponding to approximately 320,000 dollars.
Genesis is the first NFT generated among the CryptoKitties, the collection that brought NFTs to the limelight, the kittens that congested the Ethereum network for the unexpectedly high number of sales, a few days after their release in December 2017. Genesis is born in November 2017 and is currently owned by Stimpson J. Cat who purchased it for the sum of 246926 Ether currently corresponding to approximately $ 750,000.
MoonCat #3531 belongs to a collection launched in 2017, and which was recently “adopted” by Sotheby’s: the MoonCat.
Sir Gregory is currently the most valuable NFT on Axie Infinity, the NFT-based online video game that in recent months has seen its users and consequently also the value of its tokens soar. Purchased in June 2021 for the sum of 369 Ether, currently corresponding to 800,000 Dollars. The rarity value of these characters, usable in the game, depends on their attributes and their “mystical parts”. Sir Gregory has three attributes: “Pink Turnip claws”, “Dreamy Papi eyes” and "Lam Handsome fangs” and a “Shiba tails”, apparently very popular.
Currently on sale in Sotheby’s Metaverse, Color is an NFT work composed of a generative script and therefore capable of generating almost infinite forms. Color is the perfect example of what can be found on Art Blocks, a collection of generative content hosted on the Ethereum network.
The legendary work of the artist and video game creator David OReilly, sold on the site of the Japanese auction house SBI Auction in November 2021 for the sum of approximately 12,000 dollars. Among other things, the artist declared: "POTATO literally represents my Irish roots, while as an NFT, depicts my future as a cyber-organic hybrid. POTATO embodies the collision between the past and the future.⁠ "
One of the database views of Mapping the NFT revolution: market trends, trade networks, and visual features. The densest clusters display very active moments in the history of a collection.
Homer Pepe, the currently most expensive and rarest NFT card of the first NFT collection to collect public success: Rare Pepe Wallet, created in 2016. The last auction that saw it as protagonist dates back to 2018, purchased in Ethereum for a value corresponding to approximately 320,000 dollars.
Genesis is the first NFT generated among the CryptoKitties, the collection that brought NFTs to the limelight, the kittens that congested the Ethereum network for the unexpectedly high number of sales, a few days after their release in December 2017. Genesis is born in November 2017 and is currently owned by Stimpson J. Cat who purchased it for the sum of 246926 Ether currently corresponding to approximately $ 750,000.
MoonCat #3531 belongs to a collection launched in 2017, and which was recently “adopted” by Sotheby’s: the MoonCat.
Sir Gregory is currently the most valuable NFT on Axie Infinity, the NFT-based online video game that in recent months has seen its users and consequently also the value of its tokens soar. Purchased in June 2021 for the sum of 369 Ether, currently corresponding to 800,000 Dollars. The rarity value of these characters, usable in the game, depends on their attributes and their “mystical parts”. Sir Gregory has three attributes: “Pink Turnip claws”, “Dreamy Papi eyes” and "Lam Handsome fangs” and a “Shiba tails”, apparently very popular.
Currently on sale in Sotheby’s Metaverse, Color is an NFT work composed of a generative script and therefore capable of generating almost infinite forms. Color is the perfect example of what can be found on Art Blocks, a collection of generative content hosted on the Ethereum network.
The legendary work of the artist and video game creator David OReilly, sold on the site of the Japanese auction house SBI Auction in November 2021 for the sum of approximately 12,000 dollars. Among other things, the artist declared: "POTATO literally represents my Irish roots, while as an NFT, depicts my future as a cyber-organic hybrid. POTATO embodies the collision between the past and the future.⁠ "
One of the database views of Mapping the NFT revolution: market trends, trade networks, and visual features. The densest clusters display very active moments in the history of a collection.
These staggering numbers raise further doubts and questions: Is this a bubble destined to get bigger and bigger as long as there are newcomers, and then to finally pop, or is it an investment capable of securing forms of “eternal passive income”, especially when NFTs can be rented out? From a conversation with two of the authors of Mapping the NFT revolution, some questions were finally answered.
Mauro Martino, director of the Visual Artificial Intelligence Lab at the MIT-IBM Research AI Lab in Cambridge, and Andrea Baronchelli, head of the Economic Data Science team at the Alan Turing Institute, tell us how from the very beginning – that is, since the rise of CryptoKitties (2017), one of the very first successful experiences in the world of NFTs – what we will call the first secret of the value of NFTs was already very clear: the sale value of NFTs depends on the community that supports them.
Here we are at the dawn of a new digital age. While we ask ourselves whether it makes more sense to invest in a sweatshirt made of only pixels from the “Balenciaga x Fortnite” collection, or in a piece of land next to rapper Snoop Dogg’s villa on the Sandbox metaverse, or simply in a digital potato, like the one sold by Irish artist David OReilly on the website of Japanese auction house SBI Art Auction, we should look, first of all, more than at the object for sale, at the potential fan base that supports it.
According to the researchers, this leads us to discover the “second big secret” of the sales value of NFTs: communities and capital are more likely to nest around collections or gamified experiences than episodic sales.
In Mapping the NFT revolution we discover that the greatest NFT buyers, the so-called whales, aren’t a lot – “the top 10% of traders alone make 85% of all transactions” – and tend to get attached to a single collection, making “at least 73% of their transactions in their main collection”. It is hardly surprising that companies traditionally associated with the world of sticker and card collecting, such as the NBA, MotoGP, Panini or Magic the Gathering, have jumped into the fray, quickly creating their own digital marketplaces.
As Martino and Baronchelli explain, the NFT landscape varies greatly depending on the industry it belongs to. There is the art world, where newly formed crypto marketplaces such as Foundation, Rarible and Nifty Gatheway fight against traditional auction houses. There are NFTs belonging to the “Metaverse” category, which would make no sense to exist outside of that world, as well as NFTs generated by the “Gaming” industry. Finally, there is the “Collectibles” category, the virtual counterpart of collectible cards, which could be considered as a kind of progenitor to imitate.
In Mapping the NFT revolution’s prediction system, half of which is based on data from previous sales, a big variable is the visual appearance of NFTs, analysed using AlexNet, a pre-trained convolutional neural network, which is simply an artificial intelligence that can ‘see’ images and detect recurring patterns. And what it sees is that buyers seem to like similar images. Just like the most mundane textbook instruction in social media management, the consistency of the feed rewards the artist.
The Fortnite X Balenciaga 3D digital clothing collection debuted on the multiplayer video game Fortnite. The multiplayer shooter made by Epic Games is currently the digital environment with the most users in the world.
This “Super Mega Yacht” called The Metaflower is currently the most expensive item in The Sandbox metaverse, purchased for $ 650,000. The Sandbox is currently one of the main metaverse platforms, which has seen its prices rise for collaborations with brands and celebrities such as adidas, Atari, Snoop Dogg, DeadMau5 and Bored Ape Yacht Club, another famous NFT collection.
Gucci recently inaugurated its “Gucci Garden” in the Roblox metaverse, another of the most powerful candidates in the “race to the metaverse”, which has recently opened its doors to other famous brands such as Nike and Sony.
A screencapture of the entrance to the Sotheby’s auction house virtual recreated in the metaverse of Decentraland, another top player in the metaverse and a real NFT real estate. Land plots on Decentraland are purchased with the local currency, MANA. In June 2021, Republic Realm spent an amount equivalent to $ 913,000 on 259 land plots in Decentraland, to transform them into a virtual commercial district called Metajuku, inspired by Harajuku, a famous Tokyo shopping district.
An example of an art gallery in the metaverse, in this case it is the Oasis Artwalk created by NFT Oasis on AltspaceVR.
A small part of the work Unsupervised, created by the famous Turkish-American artist Refik Anadol, exhibited in a royal gallery, the Moma, an exhibition of works created by training an artificial intelligence by feeding it the public metadata of the Moma collection. From 18 November, every three days new Unsupervised works will be revealed and put up for sale on Sotheby’s, following the gamified logic of the NFT market. The cover of this article “Machine Hallucinations – Space _ Metaverse” is part of a similar work by the same artist, created in collaboration with NASA’s Jet Propulsion Laboratory, also for sale on Sotheby’s NFT platform.
The Fortnite X Balenciaga 3D digital clothing collection debuted on the multiplayer video game Fortnite. The multiplayer shooter made by Epic Games is currently the digital environment with the most users in the world.
This “Super Mega Yacht” called The Metaflower is currently the most expensive item in The Sandbox metaverse, purchased for $ 650,000. The Sandbox is currently one of the main metaverse platforms, which has seen its prices rise for collaborations with brands and celebrities such as adidas, Atari, Snoop Dogg, DeadMau5 and Bored Ape Yacht Club, another famous NFT collection.
Gucci recently inaugurated its “Gucci Garden” in the Roblox metaverse, another of the most powerful candidates in the “race to the metaverse”, which has recently opened its doors to other famous brands such as Nike and Sony.
A screencapture of the entrance to the Sotheby’s auction house virtual recreated in the metaverse of Decentraland, another top player in the metaverse and a real NFT real estate. Land plots on Decentraland are purchased with the local currency, MANA. In June 2021, Republic Realm spent an amount equivalent to $ 913,000 on 259 land plots in Decentraland, to transform them into a virtual commercial district called Metajuku, inspired by Harajuku, a famous Tokyo shopping district.
An example of an art gallery in the metaverse, in this case it is the Oasis Artwalk created by NFT Oasis on AltspaceVR.
A small part of the work Unsupervised, created by the famous Turkish-American artist Refik Anadol, exhibited in a royal gallery, the Moma, an exhibition of works created by training an artificial intelligence by feeding it the public metadata of the Moma collection. From 18 November, every three days new Unsupervised works will be revealed and put up for sale on Sotheby’s, following the gamified logic of the NFT market. The cover of this article “Machine Hallucinations – Space _ Metaverse” is part of a similar work by the same artist, created in collaboration with NASA’s Jet Propulsion Laboratory, also for sale on Sotheby’s NFT platform.
Martino notices how the sentence of having to be recognisable, the nightmare of every artist and the imposition of every art gallery, is also present in the NFT industry: if Basquiat was forced to be Basquiat, today Mad Dog Jones will be permanently bound to the bright colours of post-vaporwave and to the cyberpunk illustrations that make him Mad Dog Jones, one of the most famous and prolific NFT artists on the scene. Apparently, as Martino and Baronchelli laughingly observe, even the non-fungible token, to sell better, ends up becoming fungible, i.e. potentially replaceable by a series of works that are identical to themselves.
Speaking of artists, here is the “third big secret” of the value of NFTs: the art market is an entirely secondary aspect of the NFT phenomenon. As of June 2020, “the most traded NFTs belong to the games and collectibles categories. Only 10% of transactions are related to the NFTs classified as art”.
We are dealing with a complex technology in its first years of use. We can imagine it, the researchers explain, as a Lego tower with vaults and architraves that the most diverse market forms are trying to mount on top of their castles, or their galleons, or their Lego spaceships. Infrastructures that are juxtaposed with other infrastructures, only to undergo violent processes of adaptation, including collapses, breakdowns and work fatalities.
In this scenario, the art industry is perhaps finding it most difficult to adapt. Attempts to gamify works or create communities around collections seem more forced than ever. And if we look at the success stories from the period of the so-called “NFT Craze” between February and June 2021, the greatest sales were made possible by unique factors that are difficult to repeat: “the first NFT sold by a traditional auction house”, i.e. Beeple, “the first Tweet”, i.e. Jack Dorsey, “the first NFT meme” i.e. Nyan Cat, or “the most famous meme ever” as well as the most iconic figure in the crypto world, i.e. Doge, or indeed one of the few visually and technically coherent digital art collections: Art Blocks.
Who guarantees that so many of the NFTs bought during this period of madness will be resold a second or third time, one, three, ten years from now? So far, the data do not look good: out of 6.1 million transactions, only 20% of NFTs were resold a second time, as Martino and Baronchelli note.
And so, we come to the end of this umpteenth gamification attempt, and thus to the fourth and last “secret”: it is impossible to imagine what the value of current NFTs will be one year from now, let alone in ten years from now, given the speed and the massive amount of works, tokens, platforms and metaverses that are currently on the table.
Remember the dot-com bubble at the end of the 1990s? This is a phenomenon of equal size and greater complexity, the researchers explain. We can assume that, as with dot-coms, when hundreds or thousands of economic proposals proliferate, only a few giants will survive, crushing and absorbing their competitors. In the transition between Web 2.0 and Web 3.0, as Baronchelli suggests, it is possible that the current economic system, where the user participates by enjoying free content while donating his data to a centralised platform that reaps huge profits, will be replaced by a model where the concept of ownership is redistributed among users. Following an observation by Matthew Ball, an acclaimed theorist of the future metaverse: if it wasn’t the New York Times, or any other print media mogul, that developed the most used news feed in the world – *spoiler* it was Facebook –, it will probably not be Facebook Meta that will develop the most frequented metaverse, or who knows what it will be called in three years, the most frequented tokenized virtual space.
Opening image: Machine Hallucinations – Space: Metaverse NFT Collection, Refik Anadol, Sotheby’s, 2021
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Wafini NFT Marketplace Set To Launch On Cardano, Kicks Off Seed Token Sale To Early Adopters – GlobeNewswire

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| Source: Wafini Wafini
VALLETTA, MALTA
Valletta, Malta, Oct. 04, 2022 (GLOBE NEWSWIRE) — Wafini, a Cardano NFT marketplace on a mission to facilitate a “DAO Powered NFT Marketplace on Cardano” has kicked off the initial seed round for early adopters.

As DeFi, GameFi and NFT projects are now leaning towards being run as a DAO, which in recent times have risen to become the perfect governance structure for Web3 projects, Wafini has announced that the $WFI token holders will have the benefits of governance DAO structures on Wafini and will be utilized in an easy to use interface.
The Wafini marketplace is set to launch within the fourth quarter of 2022.
This will come after the Wafini’s test-net that will be made available only to $WFI Token and Wafini Genesis NFT policy ID holders.
Wafini Seed Sale
Wafini team announced today that the Wafini utility tokens are now available to early adopters. 
Early adopters can join the $WFI Token Seed Sale here: https://sale.wafini.app/
To become a member of Wafini DAO, each participant has to acquire and stake $WFI Tokens and Wafini Genesis Passport NFTs
How To Join The $WFI Seed Sale 
You can join the Wafini seed sale in 3 simple steps.
1: Buy ADA from an Exchange like Binance, Kraken, Coinbase and transfer to your ADA Cardano Compatible wallet like Nami Wallet, Eternl or Flint wallet.
2: Visit the Wafini token sale page and input the amount of ADA you want to join with and continue to sign the transaction to confirm your purchase.
3: Your purchased $WFI Tokens will be sent your wallet as soon as the transaction is conformed on the blockchain.
Here’s a detailed and pictorial guide on how to join the Wafini seed sale.
Wafini Seed Sale Details 
1 ADA = 50 $WFI Tokens
1 $WFI = 0.025 ADA
Duration = 30 Days
Seed  Sale Allocation: 15,000,000 $WFI Tokens
Minimum buy: 500 ADA

For further details on the Wafini Token Sale visit the documentation page.
About Wafini
Wafini is a Web 3.0 community driven decentralized NFT Marketplace for Non-Fungible Tokens & NFT collectibles where users will be able to mint, list, sell and swap their Non fungible tokens utilizing the Cardano Blockchain.
Buy $WFI Token: https://sale.wafini.app
Litepaperhttps://docs.wafini.app/litepaper
Website :  https://wafini.app/
Pitch Deck: Seed Deck
Twitter : https://twitter.com/wafini_app
Telegram Group : https://t.me/wafini
Media Contact:

Name: Vincent Kowalski
vk (at) wafini.app
Website :  https://wafini.app/

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4 Steps to Take Before Buying Your First NFT – The Motley Fool

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If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
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by Emma Newbery | Published on March 26, 2022
Image source: Getty Images
Read this before dipping your toes into the NFT waters.
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At the start of 2021, most people hadn’t heard of the word non-fungible token (NFT) and fewer still had any idea of what it meant. By the end of the year, Collins Dictionary had declared NFT its word of the year, and the market was worth an estimated $40 billion.
If you’re considering buying your first NFT, there’s a lot to think about. Here are four important steps to take first.
NFTs are essentially digital certificates of ownership, and those certificates can apply to a broad range of things. These include art, music, videos, sports collectibles, gaming items, and much more. You need to be clear on what type of NFT you’ll buy, and why you’re buying it.

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If you’re buying an NFT because everybody’s talking about them, you may need to dig a little deeper. Otherwise it’s a bit like buying a book because you want to own a book, with no care as to who wrote it or what’s inside it. Choosing an NFT should depend on your own personal interests, and there are big differences between NFT sectors.
For example, perhaps you’re a gamer and want to buy an NFT avatar. You’ll have very different needs from a big basketball fan who wants to own an NFT of a favorite sporting moment. And someone who’s an art collector considering branching into digital art will also have different requirements again.
Every investment is different, but the fundamentals of investing are often the same. You need to understand what you’re buying — whether it’s a piece of art, shares in a company, cryptocurrency, or your first NFT.

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We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. That’s how prevalent it’s become.
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Here are some aspects of NFTs to get to grips with:
You’ll probably come across several NFT marketplaces during your research. These are platforms where you can create, buy, sell, and explore NFTs. First and foremost, look for a platform that trades the types of NFTs you want to buy.
Also consider what blockchain network is used — as we mentioned above, Ethereum is the most common but Solana (SOL) and Tezos (XTZ) are also getting in on the NFT game. This is important because it’s difficult to buy NFTs using traditional money such as U.S. dollars. Not only do you need to own cryptocurrency, you need to own the right cryptocurrency.
Given the prevalence of NFT fraud, look at what each platform does to ensure the NFT you buy is properly authenticated. You don’t want to buy your first NFT only to find it’s not legit and the original artist didn’t even know it had been made.
Finally, you’ll need an NFT wallet. These are crypto wallets that also support NFTs. It’s easy to set up a wallet, and there’s plenty of useful information online to help if you get stuck. When you first create your account, you’ll be given a kind of master password in the form of something called a seed phrase. Keep it somewhere safe, as this will help you access your NFTs if you ever forget your password.
You’ll need a wallet that’s compatible with the trading platform and blockchain network you chose above. Another key feature to watch out for is security — two factor authentication is a must. If you become a frequent NFT shopper, you might consider a hardware wallet that keeps your NFTs offline. But to start, a software wallet connected to the internet will do the job.
We don’t know how the NFT sector will evolve, but these assets could change the way we own items online. However, there are a lot of issues to address, including the environmental cost and copyright infringements. Right now, the best way to approach NFTs is to pursue your existing interests. This will help you judge the quality and value of the items you buy.
Be aware that there’s a lot of speculation, hype, and outright scams in the NFT world. There are no guarantees that NFT prices will continue to rise, in fact, many may fall. That’s why it’s best to only spend money you can afford to lose. If prices fall, it won’t prove financially devastating. Most of all, take your time and enjoy learning about a new world of digital ownership.
Emma owns the English-language newspaper The Bogota Post. She began her editorial career at a financial website in the U.K. over 20 years ago and has been contributing to The Ascent since 2019.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Emma Newbery owns Ethereum, Solana, and Tezos. The Motley Fool owns shares of and recommends Bitcoin.
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