Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

sui name service (suins).png

Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

Intro to Santiment.png

Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

market maker.png

Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

4.png

SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

From Pak's "The Merge" to Beeple's "Crossroads", find out all about the most expensive NFTs in the world and why they are so expensive.

larva-labs-cryptopunk-9998.png

pak-the-merge.png

beeple-everydays-the-first-5000-days.png

pak-clock.png

beeple-human-one.png

larva-labs-cryptopunk-5822.png

larva-labs-cryptopunk-7523.png

larva-labs-cryptopunk-4156.png

larva-labs-cryptopunk-3100.png

larva-labs-cryptopunk-7804.png

xcopy-right-click-and-save-as-guy.png

dmitri-cherniak-ringers-109.png

larva-lab-cryptopunk-8857.png

beeple-crossroads.png

ross-ulbricht-genesis-collection-perspective.png

xcopy-all-time-high-in-the-city.png

xcopy-a-coin-for-the-ferryman.png

bybit-trade-nft-cta.png

Non-fungible tokens, or NFTs, have been making headlines lately as their prices have soared to astronomical heights. They've changed the way people view art — and investors have noticed. In 2021, the NFT market generated 

. While the hype has died down a bit in the last few months, the market is still going strong.

So, what exactly are NFTs? Simply put, they’re unique digital assets that cannot be replaced. That's because each NFT is stored on a blockchain, a decentralized ledger that records all transactions. This makes NFTs immutable, meaning they cannot be altered or duplicated.

Will the NFT market continue to grow? Only time will tell. For today, we’ll look at the 17 most expensive 

Before we move on to the list, we should answer one frequently asked question: Why are NFTs so valuable?

First and foremost, they're unique. For instance, the first-ever tweet was minted and sold for a 

 — although it didn't even crack our list. The person who bought it, businessman Sina Estavi, said, "

" For Estavi, it's a piece of history and it's worth every penny.

Another reason ‌NFTs are valuable is that they're scarce. For example, CryptoKitties only has a limited supply of digital cats, so when someone buys one of these kitties, the floor price rises because there are fewer kitties available for purchase.

Of course, it's also a matter of status. If the NFT you're buying is rare or made by a popular artist, you're going to have to pay a premium. After all, not everyone can say they own a Beeple NFT.

Additionally, keep in mind that not all NFT art is expensive. An average NFT 

. We only get to hear about NFTs whenever there's been a major sale because, well, it's newsworthy.

It's the same with physical art. You only hear when someone has paid multiple millions for an art piece, and never hear about the sales that were made for a few hundred bucks.

The NFT space is still in its infancy. It will continue to grow and go through changes. That means record sales will be broken, and new artists will emerge. So this list is subject to change!

But for now, these are the 17 most expensive NFTs ever sold.

1. Larva Labs: "CryptoPunk #9998" (Sold for $529.77 Million)

Technically, this Punk is the most expensive piece of NFT art ever sold. However, some people don't consider the sale valid. 

In October 2021, the owner of #9998 bought the Punk from himself using a 

. He then used the same transaction to repay the loan. This incredible transaction is akin to a 

 in a conventional securities market. While technically valid, the Larva Labs website announced that they had rejected the bid.

2. Pak: "The Merge" (Sold for $91.8 Million) (The Actual Top-Selling NFT)

For many years, Pak has been one of the biggest names in the industry, selling thousands of NFTs on platforms like SuperRare, Sotheby's and Nifty Gateway. So it’s not surprising that 

 broke the record for the largest-ever NFT sale by a living artist. It was sold for $91.8 million on Nifty Gateway in December 2021.

The Merge collection showcases the use of blockchain technology to create digital art. Powered by Gemini, its unique 

mechanism rewards collectors who bought multiple units of “mass” during the sale period of two days, an NFT that grows bigger when more “mass” is consolidated. 

More than 28,000 collectors gathered to purchase over 312,000 units of "mass" that were later merged to create the final NFT.

3. Beeple: "Everydays: the First 5000 Days" (Sold for $69.44 Million)

You surely knew that this one was coming. The dynamic NFT by Beeple is the third most expensive NFT ever sold. It comprises 5,000 different images.

Beeple started working on the piece in May 2007. He posted single pieces continuously for the next 13 years. The art was bought by a crypto entrepreneur and investor, MetaKovan, for over $69 million at Christie's.

Following the sale, Beeple became a huge celebrity, gaining 1.8 million Instagram followers and collaborating with brands like Louis Vuitton and Nike.

4. Pak x Assange: "Clock" (Sold for $52.7 Million)

"Clock" is an NFT that came from the “Censored” NFT collection, a collaboration between the anonymous artist Pak and Julian Assange, the incarcerated creator of WikiLeaks. The NFT counts down the number of days Assange has spent in prison.

In February 2022, it was bought for nearly $53 million by 10,000 members in the 

. The AssangeDAO was established in December 2021 to free Julian Assange, who faces extradition to the U.S. and a possible life sentence. 

5. Beeple: "HUMAN ONE" (Sold for $28.9 Million)

 is one-of-a-kind. A physical/digital hybrid, it was the first NFT sold by a major auction house, Christie’s, during Christie’s 21st Century Evening Sale in November 2021. 

The 3-D video sculpture is displayed in a box that has four screens on a constant loop, projecting the image and giving it the appearance of a moving painting. It comes with an NFT, which contains a smart contract specially coded for Beeple to retain control over the image display so that it will continuously evolve.

6. Larva Labs: "CryptoPunk #5822" (Sold for $23.7 Million)

Brace yourself for a series of CryptoPunks: This is the most expensive Punk of all time, sold in February 2021 for 8,000 ETH (approximately $23.7 million at that time). This Alien Punk has one signature trait, the blue bandana on its head. For a long time, #5822 was one of the most expensive NFTs ever sold.

The current owner is Chain’s CEO Deepak Thapliyal, who bought it using Compound Finance's DeFi Protocol. This means that Thapiliyal took out a 

7. Larva Labs: "CryptoPunk #7523" (Sold for $11.75 Million)

In June 2021, a combination of the COVID-19 pandemic and NFT hype led to the nearly $12 million sale (2,500 ETH) of this Alien Punk wearing a medical mask. For a long time, it was the most expensive Punk ever sold (until #5822 broke the record).

There are only nine Alien Punks in existence, and this one has three distinctive attributes. Apart from the medical mask, the Punk wears a knitted cap on its head and has a gold ear piercing. There are no listed bids for #7523, and since it was sold, it has remained at the same address.

8. Larva Labs: "CryptoPunk #4156" (Sold for $10.26 Million)

The owner and namesake of Punk#4156 sold it to an anonymous collector, 0x4c1194, for 2500 ETH, or more than $10 million at point of sale. Its value is due to its rarity. After all, there are only 24 Ape Punks out of the 10,000 set collection.

9. Larva Labs: "CryptoPunk #3100" (Sold for $7.58 Million)

CryptoPunk #3100 is an Alien Punk wearing a headband. With only 4% of all the punk profiles wearing headbands, this NFT is considered relatively rare. It sold for 2,500 ETH back in 2021 to 0x7b8961, who also owns several other punks, including Actor Punk #47 — Bruce Willis, Singer Punk #3 — Britney Spears, and Sailor Punk #0, among multiple others. 

10. Larva Labs: "CryptoPunk #7804" (Sold for $7.56 Million)

In the next spot is another Alien Punk. It was sold in March 2021 to a user by the name of Peruggia. The name “Peruggia” may be a direct reference to Vincenzo Peruggia, the famous thief who stole the Mona Lisa in 1911. After all, the former owner and Figma CEO Dylan Field 

11. XCOPY: "Right-click and Save As guy" (Sold for $7.09 Million)

This GIF portrait was sold for 1,600 ETH, and it was also created by the notorious XCOPY. Created four years ago, there's only one edition of this NFT, and it's been listed on SuperRare.

 of all time, typically known for dystopian work, but this NFT takes a more light-hearted tone. 

It’s actually more of a parody, mocking the non-NFT users who don't understand how NFTs work, and claiming that they can easily save an image on their computers for free instead of spending millions of dollars.

12. Dmitri Cherniak: "Ringers #109" (Sold for $6.93 Million) 

Cherniak is a famous digital artist, situated in New York City. The Ringers, one of his notable collections, features 1,000 pieces, with a total trade volume of nearly $73 million. The most expensive piece, Ringers #109, sold for over $6.9 million in October 2021. The Ringers collection is generated through a unique transaction hash, making each NFT a truly individualistic piece of art. 

Since it was originally sold, the NFT artwork has exchanged hands multiple times. It's now owned by an anonymous OpenSea user that goes by 55FAF0.

13. Larva Labs: "CryptoPunk #8857" (Sold for $6.63 Million)

Zombie Punks were all the rage a few years ago. This one features a wild hairstyle and 3D glasses. It's one of the 88 total Zombie Punks, and it sold for 2,000 ETH back in May 2018.

At the time of the purchase, it was worth over $6.6 million. It's owned by the user who goes by 0xdf37ac. This punk isn't listed for sale on any of the major NFT marketplaces.

14. Beeple: "Crossroads" (Sold for $6.6 Million)

"Crossroads" is another one of Beeple’s famous digital artworks sold for a record $6.6 million on Nifty Gateway. The work shows the former American president Donald Trump, with graffiti drawn on his skin after his loss during the 2020 presidential elections. Anti-Trump imagery has been popular among artists, and this piece is no different.

That said, Beeple had also created a positive version just in case Donald Trump won the election.

15. Ross Ulbricht: "Ross Ulbricht Genesis Collection" (Sold for $6.2 Million)

This piece of art has some fascinating history behind it. Called "Perspective," it was hand-drawn by Ross Ulbricht in pencil while in prison. It's a part of the artist's 10-piece series, the “Genesis Collection,” which was sold as a 

A part of the proceeds from the sale of the collection will be used to fund efforts to relieve the suffering of incarcerated people and their families. The remaining funds will be used to fund Ulbricht's legal defense.

The decentralized autonomous organization called 

 bought the collection for 1,446 ETH, which was around $6.2 million at the time. The foundation originally raised 2,836 ETH from over 4,000 members across the globe. 

More than half of that money was subsequently used to secure the landmark NFT. 

16. XCOPY: "All Time High in the City" (Sold for $6.19 Million)

’s usual style, featuring a skeletal ferryman transporting a man across the River Styx. The title of the piece is "All-Time High in the City" and it was also minted on SuperRare in 2018. 

In January 2022, it was bought by rarecollector3000 for nearly $6.2 million. Currently, it's listed on SuperRare for more than 33,666 ETH, about $39 million today. It seems a little overpriced, especially in the current landscape, but who knows — maybe, one day, someone will pay that much for it.

17. XCOPY: "A Coin for the Ferryman" (Sold for $6.03 Million)

This rainbow-hued GIF, entitled "A Coin for the Ferryman," was one of XCOPY’s earliest works, created in 2018. In the same year, a user by the name 0xclipse bought it for 0.5 ETH, which amounted to less than $140 back then. In 2021, a user named jpeggy on SuperRare bought it for 1,630 ETH, which was $6.02 million at the time. At the moment, this NFT isn’t for sale.

Now that we’ve looked at single pieces of NFT art, let's take a step back and look at the most expensive collections.

is a digital pet game that's based on the Ethereum blockchain. The game allows players to buy, breed and sell digital pets called "Axies." And they're not just any digital pets — they come with their own characteristics, and can even battle each other.

At the moment of this writing, Axie Infinity — now an expanded digital platform — has a 

 is a blockchain game on the Ethereum Network, developed by Dapper Labs, a Canadian design studio. The game allows you to buy, sell and breed these virtual cats.

The first generation of CryptoKitties, Gen 0, is capped at 50,000, which may sound like a lot. But not all of them have been released. As they cannot be bred, they’re considered valuable. In late 2019, CryptoKitties also created a new game mechanic, called the 

 which increased the level of difficulty in breeding rare CryptoKitties.

 NFTs before, as they're some of the most popular and expensive NFTs around. Some Bored Apes have sold for over $1 million a piece.

The entire collection is pretty rare. In the case of BAYC, there are just 10,000 Bored Apes, each with a unique expression, color and clothing. At the moment, fewer than 6,500 Bored Apes have been sold.

, is considered so valuable because it's the first collection ever created on the Ethereum blockchain. These NFTs actually inspired 

While the images themselves aren’t exactly the prettiest — after all, it's a collection of pixelated images of people with punk hairstyles — they're still highly coveted. Just like Bored Ape NFTs, there are only 10,000 CryptoPunks in existence, each one unique.

Now that you know why NFTs are so valuable, the most expensive NFT for 2022, and the most expensive NFT collections, you may be wondering, “Where can I buy NFTs?”

If you’re looking to invest in the next big thing, the 

 is the place to be. It has a wide variety of NFTs from up-and-coming artists. No matter what type of NFT you're looking for — be it digital art, in-game assets or even music — you'll find it on Bybit.

17 Most Expensive NFTs Ever Sold

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards