Investing was once a process for the wealthiest among us. Eventually, the stocks left the trading room for everyone to buy. The same is true for cryptocurrencies. Crypto was once a niche product that only those who “know” bought. Today, anyone can invest in cryptocurrencies anywhere, and the non-fungible token (NFT) has become a massive part of the industry.
While crypto art was once considered a strange idea that would never offer real value, NFTs make billions of dollars for their creators and exchanges. But which designers are among the best? There are many successful marvels out there, but they are some of the best designers, producing collection after collection, and having a certain name recognition that most artists do not have.
Michael Joseph Winklemann uses the name Beeple to market and sell NFTs. Active as a graphic designer and animator since 2010, he has created works such as Daily: the first 5,000 days. It started in February 2020 by selling NFTs to ETHDenver and through NiftyGateway.
The collage of images from the Everydays series sold for over $ 69 million in March 2021. While this may seem too new to make a best of list, it thanks Pak (which we’ll talk about later). ) for giving him his first bits of DTV news.
Renowned auction house Christie’s even called him a “visionary digital artist at the forefront of NFT”. This level of praise puts him at the top of the list of most popular NFT artists, making anything new an instant hit among crypto investors.
He also created a kinetic video sculpture with a dynamic NFT called Human, which sold for nearly $ 29 million in November 2021. At the time of going to press, Beeple has sold over $ 175 million in digital art through more than 1,300 pieces.
Formerly known as MuratPak, Pak is a completely anonymous NFT digital designer and artist. Over the past 20 years, this creator has worked in digital media in various forms. Pak also created the AI program known as Architect, which searches the internet for images that can be shared on social media.
Since 2009, Pak has been popular among Vimeo editors. Additionally, Pak also sold the most expensive NFT to date, titled Fusion. While taking advantage of the NFT market, Pak is also challenging ideas of value and ownership in the art world. He also popularized the idea of an open NFT edition, available for a period of time instead of being limited by the total number of pieces available.
At the time of going to press, Pak was the best-selling NFT designer with over $ 356 million in sales of over 66,000 pieces.
Xcopy sits at number 3 on the list of best-selling NFT creators. As an NFT creator, Xcopy draws you in with both movement and illustration. Xcopy’s work is rarely static, making it one of the most unique arts in the crypto world.
While Xcopy started in the early days of Tumblr (a platform with a unique financial history of its own), the artist found cryptographic art in 2017, selling a coin for 1 ETH to Jason Bailey of Artnome. XCopy helped launch SuperRare in 2018 and was the second artist to create an NFT on this platform.
XCopy’s work has also been featured on KnownOrigin, Async.Art, OpenSea, and NiftyGateway. Having sold over $ 53 million in crypto art across more than 1,900 coins, popular coins include All time high in town and Right click and save as guy.
In addition to gaining notoriety as Elon Musk’s ex-girlfriend and mother of X Æ A-12, Grimes plunged into the NFT market in March 2021. Given the media’s obvious fascination with her given from his association with one of the richest people in the world, Grimes can easily flood the NFT market with new works at any time. She is also a musician who put NFTs on original music.
When Grimes auctioned his first NFT collection on Nifty Gateway in March 2021, the sale grossed him around $ 6 million, with the top-selling piece being a video titled The death of the old. She also created videos called Earth and March with images of the titular planets and a cherub wielding a weapon.
Why collect NFTs?
Collecting NFTs is an easy way to invest in a fully digital art form. Without getting into the machinations of the crypto market, NFTs are sold at a particular value (usually a certain Ethereum number) and you can either keep them or resell them for a higher price.
Just like you would hold a stock or currency until you can sell for a higher price, so can you do the same with an NFT. In addition, NFTs can be matched with the exclusivity of a particular artist, collection or production. Sure, a one-shot wonder can give you some value because that artist hasn’t done much else to get attention, but a popular NFT creator gives you name recognition, which can make reselling your NFT much easier.
Not only do NFTs have an attributed and perceived value, but they also have a certain aspect 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 this – but you can also invest in the unique beauty that you find in a particular NFT design.
Sometimes NFTs capture moments in time (mostly sporting events) and you might want an NFT that commemorates that specific moment. At the time of going to press, the University of Georgia had won the National College Football Playoff Championship not 24 hours before, and there were signed NFTs designed to commemorate the moment and benefit players.
NFT and exposure to the crypto market
Let’s say you want to invest but don’t want to buy tokens at market value. You can buy NFTs and allow them to mature over time. Yes, the value of a cryptocurrency can be volatile, but the value of an NFT can rise due to sentiment, artist, etc. You can charge whatever you want for the crypto art you’ve collected, and it might be easier to recoup your investment even if the price of Ethereum (the token most commonly used to value and buy NFTs) drops.
Compare NFT marketplaces
Comparing NFT marketplaces is often just as important as finding the best non-fungible token to buy or your favorite. TVN creators. Benzinga has organized a list of best NFT marketplaces, and you can use that information to open an account in the right place, buy some nice NFTs, or even create your own.
OpenSea is a leading market for non-fungible tokens. The website allows you to buy and sell a variety of NFTs, such as domain names, digital art, and collectibles using your Ethereum wallet. The platform allows you to buy and sell NFTs in the secondary market, and it also allows you to create your own original NFT collections to sell in the primary market. The exchange charges lower fees than most of its competitors, making it an attractive option for NFT collectors.
- Collectors looking for a variety of NFTs
- Beginners who want to learn more about digital collectibles
- Traders who wish to buy and sell more than one type of NFT
- Competitive commissions
- Wide variety of NFT collectibles
- State-of-the-art security
- Only accepts cryptocurrency payments
- A crypto wallet is required to buy and sell on the platform
Strengthening your crypto portfolio
Using NFT to strengthen your cryptocurrency portfolio can help you bring some beauty to your world, invest in wanted items, and diversify your investments at the same time. As you venture into the world of NFTs, you can come back to Benzinga anytime for more information on cryptocurrencies, blockchain technology, and crypto art.
Frequently Asked Questions
What is the most famous NFT marketplace?
What is the most famous NFT marketplace?
The most famous NFT marketplace is OpenSea, founded in 2017 and located in New York. Anyone can sell crypto art in the OpenSea Marketplace, and launches for several of the artists listed above happen every year on OpenSea.
Who created the NFT art?
Kevin McCoy. It hit its first NFT on May 3, 2014. It was called “Quantum”.
Benzinga has developed a specific methodology for classifying cryptocurrency exchanges and tools. We prioritized platforms based on offers, prices and promotions, customer service, mobile app, user experience and benefits, and security. To see a full breakdown of our methodology, please visit our Cryptocurrency Methodology page.