The top 10 NFTs of 2023 sold for $13.4M (6,002 ETH)! | Posted by Derwin Ho | Coins | January 2024

Ah, yes. NFTs still exist.

You may have fallen off your pedestal, but you’re not dead yet.

Very elite and premium NFTs will happen, at least as we predicted.

99% of booming NFTs will fade into oblivion.

Less than 1% of the best NFT projects will survive.

2023 has been a rollercoaster year for the Non-Fungible Token (NFT) market, and the top ten grossers paint a fascinating picture.

Despite a downward trend from the dizzying highs of 2021, NFTs are still attracting eye-popping sums.

What is the total this year?

Rounding out the top 10 is $13.4 million, or 6,002 ETH.

This elite group is dominated by Yuga Labs’ creations CryptoPunks and Bored Ape Yacht Club (BAYC) and Art Blocks’ Fidenza collection.

Of the top sellers, four were CryptoPunks, four were Bored Apes, one was Mutant Ape, and one was Fidenza NFT.

These digital assets may be JPEGs, but they represent a new era of art and ownership.

Despite the recession, people are still buying, and for good reason.

NFTs represent a unique combination of art, technology, and investments.

It is a status symbol in the digital world and a new way to express personal taste and wealth.

Additionally, let’s not forget the speculative aspect. Many buyers are betting on future valuations.

So are NFTs dead?

Yes, in most cases.

However, the market is not disappearing but is evolving.

The hype may have cooled, but the underlying technology and concept of digital ownership remain.