How Much Potential the NFT Sector has to Offer

As the economic pressure keeps rising, people are looking for different ways of increasing their income and making a lot of money. However, people’s judgement can get clouded when they are desperate. Therefore, people end up investing money in things they have no idea or knowledge of.

Ido Fishman’s Aim

Doing something like this only ends up in heavy losses. Ido Fishman, an NFT expert, who has been part of the cryptocurrency sector for a long time is well aware of such people.

Therefore, you would always find him stressing and urging people to go for the investment option that is most affordable for them. Being an expert in the NFT sector, Ido Fishman strongly recommends people to make full use of their artistic skills. He also suggests people not to trust to much what they learn from the NFT news about the highly lucrative platforms and all.

His aim is to offer help and support to as many people as possible with his knowledge and understanding of the NFT markets. For now, his real focus is on the digital NFT artwork sector that has been gaining a lot of growth.

NFT Artwork Sector’s Growth

The sector currently has a valuation of over $11.29 billion, the average daily trading volume of over $29.50 million. The sales the sector is recording on a daily basis are 23,615.

The artwork sector is proving to be extremely profitable for the creators of the digital NFTs. Neither of the creators thought that their NFT artworks would sell for such a high price. However, it is the people who dealt with NFT artworks just like real time paintings and have purchased them at really high prices.

As per Ido Fishman, the value of an artwork depends on the eye of the beholder. From the year 2021 until now, people have been purchasing NFT artworks at really high prices. Ido Fishman has listed the NFT artworks that have sold at the highest values since 2021:

The Merge

In the history of NFT artworks, the NFT artwork that sold at the highest price was worth $91.8 million. The name of the particular NFT is “The Merge” and it comprised of several digital artworks put together in its formation.

According to reports, more than 30,000 users from around the world had participated in the bid. As a result, each user ended up getting a fragment of the NFT.

The First 5000 Days

At one point, The First 5000 Days was the highest NFT artwork that had sold for a whopping $69.35 million. The creator of the particular NFT artwork was Mike Winkelmann, prominently known by his internet name as Beeple. It was one of the most disputed and argued NFT artwork when it was old.

One of the owners of a major cryptocurrency exchange argued that he had won the bid setting it up to $70 million. He claimed that the internet latency caused his bid not to be registered. The First 5000 Days also comprises of 5,000 digital artworks that have been put together forming an entire collage.

Clock

The next most expensive artwork is Clock that was reportedly sold for $52.7 million. The particular NFT had been created by Pak and Assange. AssangeDAO reportedly won the bid for the Clock and took it home for 16,953 ETH. AssangeDAO has been working for the freedom of Julian Assange who is the founder of WikiLeaks.

HUMAN ONE

HUMAN ONE is the next most expensive NFT artwork that was sold for a whopping $28.9 million. It is another remarkable creation by Beeple. Surprisingly, the NFT artwork was sold at Christie’s Auction House.

Christie’s Auction House is known for being one of the oldest and second-largest auction houses in the entire world. The particular artwork was sold back in November of 2021.

The best thing Beeple has offered in this NFT is that it changes over time. Beeple has remote access to this NFT artwork and he can make changes to the artwork as per the liking of the owner.