5 Reasons To Think The World’s Most Expensive NFT Will Surpass $100m This Year

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NFTs, or non-fungible tokens have been a major talking point in investment circles over the past 2-3 years, and continue to gain column inches in 2022. But will the most expensive NFT be valued at over $100m before this year out?

While many people doubt it, there are plenty of reasons to be optimistic. Here are five that suggest the NFT boom is far from over.

The Most Expensive NFT Is Already At $91m

The title of most expensive NFT currently belongs to Pak’s ‘The Merge’, which sold for $91.8m in December 2021. Given that the previous record was ‘just’ $69m for Everydays: the First 5000 Days, it shows that the environment is still growing at a rapid pace.

The NFT Audience Is Growing

NFTs have captured the imagination. An estimated 250,000 people invest on OpenSea each month while the pending arrival of Coinbase’s NFT platform will open the door to two million. A larger audience can only enhance the hopes of major investments.

Sotheby’s Sold Over $100m Of NFTs Last Year

The prestigious auction house confirmed this figure for last year’s sales, which spearheaded a record year. The Bored Ape Yacht Club collection alone gained over $24m in sales while a host of other collections secured six and seven-figure fees.

The Industry Grew 2000% Between 2020 And 2021

Stats show that the industry as a whole has grown at a faster rate than most. While this isn’t only linked to the top end of the market, there is no doubt that it increase hopes of pushing through the glass ceiling.

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Young Artists ARe Getting Involved

The generational shift, which has resulted in stories like teenagers making millions is telling. They are the future of NFTs, and could be the present too. As NFTs become a much-loved arena for creatives and investors alike, all records are set to tumble.

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