Investing was once a process available only to the wealthy among us. In the end, the shares left the trading room so that anyone could buy them. The same is true for cryptocurrencies. Cryptocurrencies used to be a niche product that only “knowledgeable” bought. Today, anyone can invest in cryptocurrencies on a large scale, and Non-fungible token (NFT) It became a huge part of the industry.
While the art of cryptography was once seen as an outlandish idea that would never provide real value, NFTs earn billions of dollars for their creators and exchanges. But who are the best creators? There are a lot of wonders with one hit, but who are the best creators, who produce collection after collection and have a certain name that most artists do not have.
Michael Joseph Winklemann uses the Beeple name to market and sell NFTs. Active as a graphic designer and animator since 2010, he has created works such as Every day: the first 5,000 days. He started in February of 2020 selling NFTs at ETHDenver and through NiftyGateway.
The Everydays series’ collages sold for over $69 million in March of 2021. While this may sound too recent to make it into the “best” list, it’s credited to Buck (which we’ll discuss later) for giving him the first bits of info About NFTs.
Even popular auction house Christie’s described him as a “visionary digital artist at the forefront of NFTs.” This level of praise puts him at the top of the list of the most popular NFT artists, making anything new he achieves an instant hit among crypto investors.
He also created a kinetic video sculpture using a dynamic NFT called one person which sold for approximately $29 million in November of 2021. At the time this article was published, Beeple has sold over $175 million in digital artwork across more than 1,300 pieces.
Formerly known as MuratPak, Pak is a completely anonymous NFT designer and digital artist. Over the past two decades, this creator has worked in digital media in a variety of formats. Buck also created an AI program known as Architect, which searches the internet for images that can be shared on social media.
Dating back to 2009, Buck has been popular with editors at Vimeo. In addition, Pak also sold the most expensive NFT to date titled merge. While tapping into the NFT market, Buck also questions ideas of value and ownership in the art world. He also popularized the idea of an open NFT release, which is a release that is available for a certain period of time rather than being limited to the total number of blocks available.
At the time of publication, Buck was the best-selling NFT maker with sales of over $356 million across more than 66,000 units.
Xcopy ranks 3rd in the list of best selling NFT creators. As an NFT creator, Xcopy pulls you in with movement and illustration. The work from Xcopy is rarely consistent, which makes it one of the most unique artworks in the crypto world.
While Xcopy started in the early days of Tumblr (a platform with its own unique financial history), the artist found The art of coding In 2017, a piece was sold for 1 ETH to Jason Bailey of Artnome. XCopy co-launched SuperRare in 2018 and was the second artist to make an NFT on that platform.
Work from xCopy has also been featured on KnownOrigin, Async.Art, OpenSea, and NiftyGateway. After selling over $53 million worth of crypto art across more than 1,900 pieces, including popular pieces All times high in the city And Right click and save as man.
Aside from gaining notoriety as Elon Musk’s ex-girlfriend and mother of the XA-12, Grimes entered the NFT market in March of 2021. With her apparent media attraction due to her association with one of the richest people in the world, Grimes can easily flood the NFT market with new business in any time you want. She is also a musician who has set NFTs to original music.
When the Grimes auctioned their first set of NFTs on the Nifty Gateway in March of 2021, the sale earned them nearly $6 million, and the best-selling piece was a video called old death. She also created videos called the earth And Mars It displays images of honorary planets and a cherub brandishing a weapon.
Why do we collect NFTs?
Collecting NFTs is a simple way to invest in an all-digital art form. Without getting into the machinations of the crypto market, NFTs are sold for a certain value (generally, a certain number of Ethereum) and you can either hold them or sell them back at a higher price.
Just as you would hold a stock or currency so you can sell at a higher price, you can do the same with NFT. Additionally, NFTs may come with exclusives to a specific artist, group, or production process. Sure, a single-hit marvel might give you some value because that artist did nothing else to grab attention, but the popular NFT creator gives you name recognition, which makes NFT resale much easier.
Not only do NFTs have a specific and perceived value, but they also have a specific look that you might be looking for. Yes, you can easily invest in real art – there are even funds or ETFs that allow you to do so – but you can also invest in the unique beauty that you find in a particular NFT design.
Sometimes the NFT captures moments in time (mainly from sporting events) and you may want the NFT to celebrate that exact moment. At press time, the University of Georgia won the National College Football Tournament 24 hours ago, and there are signed NFTs designed to celebrate this moment and benefit the players.
NFTs and exposure to the crypto market
Let’s say you want to invest but don’t want to buy tokens at their market value. You can buy NFTs and allow them to mature over time. Yes, the value of the cryptocurrency may fluctuate, but the value of the NFT may rise due to sentiment, artist, etc. You can charge whatever you want for the crypto art you have collected, and it may be easier to get your investment back even if the price of Ethereum (the most popular token used for pricing and buying NFT) drops.
Compare NFT Markets
Comparing NFT Markets is often as important as finding the best non-fungible token to buy or your favourite NFT . creators. Benzinga sponsored a list Best NFT MarketsYou can use this information to open an account at the right place, buy beautiful NFTs or even create one of your own.
OpenSea is a leading marketplace for non-fungible tokens. The website allows you to buy and sell a variety of NFTs, such as domain names, digital arts, and collectibles using your Ethereum wallet. The platform allows you to buy and sell NFTs in the secondary market and also allows you to create your own original NFT kits to sell on the primary market. The exchange charges lower fees than most of its competitors, making it an attractive option for NFT collectors.
- Collectors seeking a variety of NFTs
- Beginners looking to learn more about digital collectibles
- Traders who want to buy and sell several types of NFT
- Competitive Committees
- Large variety of NFT collectibles
- Industry leading security
- Only accepts payments in cryptocurrency
- Crypto wallet is essential for buying and selling on the platform
securely through the FTX website
Boost your crypto wallet
Using NFTs to boost your cryptocurrency portfolio can help you bring a little beauty into your world, invest in needed items and diversify your investments at the same time. As you delve into the world of NFTs, you can return to Benzinga at any time for more information on cryptocurrencies, blockchain technology, and the art of cryptography.
Frequently Asked Questions
What is the most popular market for NFT?
What is the most popular market for NFT?
The most famous NFT market is OpenSea, which was founded in 2017 and is located in New York City. Anyone can sell crypto art through the OpenSea Marketplace, and many of the above artists launch on OpenSea every year.
Who Created NFT Art?
Kevin McCoy. He minted his first NFT on May 3, 2014. It was called “Quantum”.
Benzinga has developed a specific methodology for classifying cryptocurrency exchange instruments. We prioritize platforms based on offers, pricing, promotions, customer service, mobile applications, user experience, benefits and security. For a comprehensive analysis of our methodology, please visit our cryptocurrency methodology page.