NFTs: A Marriage Of Convenience Between Art And Technology

Beeple’s HUMAN ONE — $28.985 – HUMAN ONE sold on November 9, 2021 for a fee of $30m, closely linked to Beeple’s previous piece ‘Everydays’ according to an interview with Christie’s.

Clock — $52.7m – ‘Clock’ is a piece created by Pak and Julian Assange, and almost acts literally as a clock, counting the days that WikiLeaks founder Assange has been imprisoned.The goal of the NFT was to raise funds for Assange’s legal defense and was ultimately purchased by AssangeDAO — a collection of over 10,000 people pooling their money to purchase the NFT and support Assange.

Pak’s ‘The Merge’ — $91.8m – The Merge officially became the most expensive NFT ever sold on December 2, 2021, with almost 30,000 collectors pitching together for a total cost of $91.8m.

Just like sport gambling and buying, selling hoarding of cryptocurrencies, Nigerian Youths are not sleeping on the currently trends of digital assets selling NFTs, they are seen up and running trying to ‘get out of the trenches’ are they’d say.

When I first started in the space, I got rugged aggressively that I almost left the web3 space if it weren’t for the people I met and the kindness they showed me.” A survey conducted by Finder.com in 2021 revealed that Nigeria ranked 6th amongst 20 countries in the world that have adopted Non-Fungible Tokens (“NFTs”).

Everydays: the First 5000 Days — $69.3m – This piece is the most expensive NFT ever sold to one sole owner — and there’s a good reason for it.

–A Crypto Wallet and Add Some Crypto:The reason you need to have a wallet is to be able to receive funds, while you’ll need to buy some crypto of your own so you can pay any fees associated with putting an NFT up for sale.

CryptoPunk #5822 $23.7m – Super-expensive ‘alien’ style CryptoPunks, 5822 shattered all expectations when it sold for over $23m on February 12, 2022.

From creation to selling and receiving of sales values of NFTs, there’s no need for physical or other form of meeting as everything is facilitated and conducted on the blockchain.

In 2020, his art was featured in CoinDesk’s “The Most Influential People in Crypto” list.

–Pick a Platform to Sell On: different platforms are popping up on a daily to serve as platforms to sell NFTs, they charge different fees, let you set different terms, and may even specialize in different types of NFTs.

Creating an NFT:you need: –A Piece of Art: you need to create a piece of art that can be turned into a non-fungible token.

Beeple’s artwork is so high-tier and highly respected within the community, and this piece is essentially a collage of 5000 pieces of his work.

Aside from tons of creative Nigerian artists on the rise of selling digital assets on NFT platforms, top celebrities in the country are not letting go of the rapid growth of the NFT ecosystem in Nigeria..

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