It’s no secret that NFTs have exploded in popularity this year. These exclusive digital assets have brought a whole new market to the world of investing and art collecting.
So, what’s behind all the hype? While the unforgeable tokens have no tangible form and are purely digital, NFTs provide buyers with certificates of ownership of both virtual and physical assets. Just like traditional one-off paintings, NFTs are prized for being an exclusive collectible.
This year, the craze has swept the world, with everyone from Snoop Dogg to Elon Musk jumping on the bandwagon to make their own digital collectibles. From Beeple to Doge to paintings thrown into an active volcano, these are the most iconic NFTs of 2021.
Everyone has seen the Doge meme that has been circulating on the internet this year, which depicts a Shiba Inu named Kabosu.
The iconic meme, which started as a joke in 2010, eventually became the official mascot of Dogecoin and was sold as an NFT in June for $4 million, making it the most profitable NFT meme to date.
With Dogecoin becoming one of the top cryptocurrencies on the market, and backers like Elon Musk and Mark Cuban, the NFT has become much more than a jpeg file.
The premiere of Netflix’s hit series Tiger King couldn’t have come at a better time, providing much-needed entertainment at a time when a pandemic has hit and everyone is confined to their living rooms. The show’s main character, Joe Exotic, quickly became an internet celebrity. However, a year later, after being imprisoned for trying to kill Carol Baskin, it seems Exotic had to get creative with its revenue.
So it should come as no surprise that on June 18 of this year, Exotic launched his own NFT series on the Mintable marketplace to capitalize on his fame.
If nothing else, acclaimed London-based artist Max Denison-Pender could definitely win the most extreme NFT award. How extreme? The artist went into an Icelandic volcano in order to paint a self-portrait, took a picture of it, and then threw it into the depths of lava, all for the love of art.
In his own words, Max Denison-Pender depicts his quest.” For me, the task was simple: go to Iceland and climb a volcano with an easel, canvas and paint. Paint on the volcano – don’t get gassed …… Get in a helicopter and fly as close to the volcano as possible. Find a drone pilot crazy enough to fly your painting into the mouth of the erupting volcano – don’t forget to take a picture of the painting disappearing into the flames – it’ll be an NFT, remember? Fly the painting into the center of the volcano and see it burst into flames and make the Icelandic news. The painting is now symbolized. You have your NFT.”
Denison-Pender may have won the prize for the boldest NFT, but Beeple definitely took the cake for the most expensive. His NFT, “Everydays: The First 5,000 Days,” a collage of 5,000 images taken over a 13-year period, sold for a whopping $69 million. You read that right.
Last October, the artist named Mike Winkelmann’s work would have sold for $100 at best. But there’s no stopping the prolific artist, who is known to have 2.5 million followers and new artwork every day. When his record-breaking project goes up for auction at Christie’s, it will be in its 14th year, ready to make history.
The recent popularity of NFTs shows how much society cherishes the exclusivity of owning one-off collectibles. But like all famous works of art, there must be a gallery to house them all. This is where Momento comes in, a platform that pays tribute to some of the best NFTs of our time, where fans can get a return on their NFT investment.
The project aims to honor NFTs and ensure that they are remembered beyond their current glory and can stand “the test of time, rather than fade with the hype like most other NFTs we see today,” the company said in a press release.
In addition to being a base for NFT collectibles, Momento’s goal is to deliver a great return to investors.
“Our goal is to give people a sense of nostalgia through art, and unlike most other NFT projects, we don’t want to create NFTs that people just hold, instead we want to create NFTs that people can make money from.”