You're scrolling through social media and see NFTs being sold from left to right. There's no doubt NFTs (non-fungible tokens) have overwhelmingly become part of day-to-day conversations as sales explode to $10.7 billion in Q3 of 2021.
While there are countless forms of NFT crypto art circulating and getting auctioned off, NFT videos are becoming more and more popular.
Digital artists and video creators are taking this opportunity to invest in a stream of revenue that finally supports their passion for creating art. Film producer and photographer, Judy Lindsay, claims she's "never seen so many artists quitting their jobs, doing nothing but creating full time."
Videos alone have been climbing the charts, having almost 83% of online users consuming digital content in that form. But, how are videos sold as NFTs doing?
In this article, we'll explore the top 6 NFT videos of 2021 and the artists behind them.
1. CROSSROAD by Beeple
Final price: $6.6 million
At first, Pablo Rodriguez-Fraile bought the digital art piece CROSSROAD from Beeple in October 2020 for almost $67,000. Fast forward 5 months, Rodriguez-Fraile resold the NFT video clip featuring Donald Trump in February 2021 for $6.6 million.
2. “Earth” and “Mars” by Grimes
Final price: $5.18 million
For $7500 each, Grimes sold nearly 700 copies of the NFT videos "Earth" and "Mars," making $5.18 million from both short videos within 48 hours.
3. Auction Winner Picks the Name by 3LAU
Final price: $1.3 million
American DJ and EDM producer, 3LAU, auctioned off an NFT music video on Nifty Gateway before it's even been created. The sale included the opportunity to name the music video itself. Sold for $1,330,000 to the CEO of T-Mobile, John Legere, his daughter, Christina Legere, will be the one naming the music video once it's ready to be released.
4. Metarift by Pak
Final price: $906,709
Pak, a renowned digital artist and producer with over two decades of digital crypto expertise sold his most expensive individual piece, "Metarift," for $906,709 to @seedphrase on Makersplace.
5. Charlie Bit Me by Davies-Carr Family
3F Music, a music studio based in Dubai, bought the well-known 2010 YouTube video "Charlie Bit Me" for $760,999 in May 2021. The father of the children in the video, Howard Davies-Carr, told NPR that “[3F Music] felt that the video is an important part of popular culture and shouldn’t be taken down,” leaving the NFT video on YouTube.
6. LeBron James “Cosmic” Dunk by NBA Top Shot
Final price: $397,600
NBA Top Shop has become one of the leading sports NFT marketplaces, collecting almost $750 million of sales in the past year. A little over half of that total has been credited to LeBron James's Kobe Bryant tribute dunk (Moment #3/59) sold for $387,600 in February 2021.
The results of NFT video sales is proving to become more relevant and lucrative within the last year. Video creators and digital artists alike continue to push the industry forward by creating more crypto art for others to enjoy and own.
The NFT market is open to everyone, so whether you're a professional artist or a person with a knack for digital art, you're welcome to browse others' art or even create your own NFT– whether or not your piece will be an image, GIF, or video is your decision.
The digital world is your oyster!
Learn how to create your own NFTs by checking the related articles below or heading over to the Kapwing Resources page. If you want more in-depth video tips and tricks, visit our YouTube channel and follow along our step-by-step videos.