Quick Summary
– NFTs are the hottest news of 2021. Artists and different NFT collectors are creating a new million-dollar industry. NFTs not only make a lot of people rich, but they are also transforming how art and other things work.
– there are digital art collectors such as Metakovan who bought an NFT for $69 million or Snoop Dogg with a million-dollar NFT collection. On the other side, there are also artists who make millions by creating and selling digital art.
These people are now NFT millionaires
NFT craze is getting strong in 2021. There are big projects like Crypto Punks or Bored Ape Yacht Club making headlines all the time, but there are also individual artists that create art pieces as they would normally do, however, now they do it digitally. And it is making them tons of money! Let’s look at some of the NFT millionaires (both buyers and artists).
Most of the NFTs lose value simply because people are not interested in them, but when many people agree on wanting the same NFT, its price normally skyrockets and many individuals get their piece of the action. While many people prefer to stay anonymous with their NFT and crypto purchases, some come out of the closet and don’t have a problem admitting and showing their million-dollar NFT collection to the world.
1. Metakovan – The First 5000 Days ($69 million)
Vignesh Sundaresan (also known as Metakovan) is an entrepreneur and angel investor and the biggest buyer of the NFTs in 2021. His partner at Metapurse (NFT-focused investment fund) spent a staggering $69.3 million on one piece of Beeple’s NFT artwork bought through Christie’s auction. The artwork bought is called “The First 5000 days” which really looks unique. He also purchased other artworks by Beeple and this whole collection is available to the public through a digital token which servers as a share in a company. As a result, he can sell this art collection to many other people who want to participate.
2. Snoop Dogg – Crypto Punks and Meebits ($17 million)
Not just entrepreneurs and investors own NFTs. Snoop Dogg, the famous rapper has a million-dollar collection of NFTs allegedly worth around $17 million. He has a number of famous Crypto Punks worth millions, NFT Meebits and 3D Avatars. That makes Snoop Dogg publicly one of the richest NFT collectors and probably one of the most passionate ones as he also collaborated on creating some NFTs with Nyan Cat.
3. Farzin Fardin Fard – New York Times column, Disaster Girl and more
Mr. Fard is known for buying and owning several NFTs worth hundreds of thousands of US dollars, however, his intentions and motivations are unknown and unanswered. He is an Iranian music producer with an obvious passion for new trends – buying NFTs. He bought New York Times column for $560,000, “Overly Attached Girlfriend” meme for $411,000, or “Disaster Girl” for $473,000. One of the latest purchases is Don Diablo’s “Genesis” NFT. People know he has an NFT collection worth several millions of dollars, but he prefers to stay in silence.
4. FEWOCiOUS – NFT Artist
FEWOCiOUS is one of the biggest NFT art names right now in the community. His real name is Victor Langlois and he learned about NFTs in 2020. Now FEWOCiOUS is a successful 18-year-old trans NFT artist selling digital art worth millions of US dollars just one year later. Interest in his art even caused Christie’s website to crash, so they had to reschedule his online auction! For example, his digital artwork called “The Everlasting Beautiful” sold for $550,000. Before fame and money came to him, he went through a difficult and abusive childhood. Now he can express through his art and make a living in peace. Will he become a Picasso of digital art?
5. Jonathan Wolfe – NFT Artist
Most NFT enthusiasts mentioned in this article have a million-dollar collection of digital art. However, Jonathan Wolfe is an artist who sold NFTs for more than one million US dollars despite being only 21 years old art student. Jonathan expected to sell his pieces for a good amount of money, but he didn’t expect it would sell for so much. For example, his piece called “Living in my Head” sold for 24.43 units of the cryptocurrency, which equals more than $50,000. Wolfe has already sold more than 130 pieces worth more than $1.3 million and that’s just his first official year as an NFT artist! NFTs are known for making an artist money from each trade, so if he makes a few percent out of every trade and his artwork will increase over time, this may create a massive income for artists like him in the future.
Conclusion
NFT art is booming like crazy in 2021. There are digital artworks made and sold every day. NFTs could transform the whole art world and the way it is made and bought at the same time. Obviously, artists and collectors see a huge potential in this new niche and are not afraid to put their time and money into it. 2021 made many NFT financially independent artists and millionaires, will 2022 make even more of them?
sources: nftworldnews, thestar, bloomberg, cnbc, wired, washingtonpost, businessinsider, economictimes, cointribune, esquire
Rene Remsik
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
