What NFTs are there?

There are NFTs for playing beer pong against Post Malone, for famous Shawn Mendes outfits, and for a video of a Russian man eating an actual bat outside of a government building. For sports fans, there’s NBA Top Shots, which allows people to own moments like the aforementioned LeBron James dunk that recently sold for $208,000.

Why do people buy NFTS?

Mason Nystrom, a research analyst at the crypto database Messari, says people’s motivations for buying NFTs vary. You might want one because it’s a collectible or because you think it’ll increase in value later on. You might want one to support the artist. Or you might simply think it’s cool.

How much is a cryptopunk NFT worth?

CryptoPunks, which are little pixelated avatars generated by an algorithm, debuted in 2017. There are only 10,000 CryptoPunk NFTs in existence, so each one is a collectible. The scarcity makes them expensive. In January, CryptoPunk 2890 (a blue guy with a purple hat) sold for 605 ETH. At the time, that was equal to more than $760,000.