A Highly Rare Nft Sells for More Over $2 Million, Representing a 20,000-fold Rise in Value in Just Three Years

In three years, Rare Nft Sells ‘Some Other A———’ grows from $100 to $2 million. Canva/SuperRare/BI India

• In 2018, a super-rare non-fungible token (NFT) dubbed ‘Some Other A———’ was offered for about $100.
• On December 6, it sold for $2 million, representing a 20,000-fold rise in value.
• The artwork was created by digital artist XCOPY, who has sold at least two other million-dollar pieces.

The SuperRare non-fungible token (NFT) project has recently become a cornerstone in the non-fungible token (NFT) arena. However, another painting titled “Some Other A———” sold for more than $2 million yesterday. Isn’t that normal for the NFT-verse? It may be argued that it is. Except that this specific item began at around $100 three years ago and has subsequently increased 20,000-fold in value.

On March 3, 2019, the NFT was listed for $105.93 or 0.8 ETH. It increased by approximately four times in the next year, reaching $483.45 when it changed hands on November 11, 2020. According to data tracking website NonFungible, the NFT was sold for a whooping 550 ETH valued at $2,305,990.50 on December 6, making it the most expensive sale in the recent seven days.

The Following Are the Top Five Rare Nft Sells in the Previous Seven Days:

XCOPY’s third Rare Nft Sells for millions of dollars.

The NFT was created by London-based digital artist XCOPY, who is regarded as a pioneer in the online crypto art world. According to Nifty Gateway, he has also been on SuperRare since early 2018, and has already issued over 100 NFTs on the platform. Typically, the artist’s collections feature three animated cartoon-based GIFs that update at high frame rates. According to Nifty Gateway, the artist is a “pioneer” of crypto art.

This isn’t the first time an XCOPY piece has sold for millions of dollars. On August 21, 2020, the artists sold a work titled Deathless for $1,069,420.69. Another sculpture, Overlord, was sold earlier this year for $1,469,000.00 in February.

This year’s NFT auction was far from the largest.

Despite the high price, the XCOPY sale is not among the most costly NFT sales this year. Mike Winkelmann, popularly known as Beeple, is a digital artist who is among this year’s best-sellers. Earlier this year, he sold a piece titled ‘Everydays: the First 5000 Days’ for $69 million.

Other notable Rare Nft Sells this year include Twitter co-founder Jack Dorsey’s $2.9 million sale of the first tweet ever, and digital artist Grimes’ artwork selling for up to $6 million. Tim Berners-Lee, the creator of the World Wide Web, also sold the source code for $5.4 million.

Meanwhile, initiatives like CryptoPunks and the Bored Ape Yacht Club have set new all-time sales volume records, according to NonFungible analytics.