6 best video NFTs
Although non-fungible tokens (NFTs) were originally conceived as a way to represent digital collectibles, they have much broader potential applications.
In this article, we look at six of the best video NFTs currently available. We’ll describe each NFT, including the astonishing prices these NFTs sold for.
Read on to learn more about these exciting video NFTs!
What are NFTs and NFT videos?
NFTs are digital assets that can be easily transferred from one person to another. They are usually created on a blockchain and may represent anything from virtual game items to gold bars.
The main benefit of NFTs is the increased security and transparency that they offer compared to traditional asset transfers. With these new types of assets, it’s much harder for someone to steal your money or for a third party to manipulate its value.
In addition, some NFTs (called “fractional” NFTs) can be divided into smaller pieces, which makes them more convenient than physical assets when you want to sell or trade them.
While there are currently many different NFT projects under development, some well-known and early examples include CryptoKitties and CryptoPunks, which allow users to buy and sell virtual cats or collectible characters using blockchain technology.
NFT videos are digital video files that exist on a blockchain. NFT videos can be purchased, sold, or traded like any other digital asset, and they offer a new way for content creators to monetize their work.
One of the most popular approaches is through combining interactive and non-interactive elements. You can use pre-existing videos or create custom videos that incorporate display elements like text, images, and hyperlinks. This helps build an engaging experience for viewers and allows them to interact with the content in novel ways.
As the technology continues to evolve, we’ll likely see even more platforms emerge that support this exciting new format.
Six best video NFTs
1. LeBron James “Cosmic” Dunk by NBA Top Shot – $397,600
The NBA Top Shop is one of the leading sports NFT marketplaces, bringing in almost $750 million in sales over the past year. A significant portion of that total can be attributed to LeBron James’ tribute dunk to Kobe Bryant (Moment #3/59), which sold for an impressive $387,600 back in February 2021.
2. Auction Winner Picks the Name by 3LAU – $1.3 million
3LAU auctioned off an NFT music video on Nifty Gateway, even though it hadn’t been created then.
By auctioning off his upcoming music video as an NFT, 3LAU set a new precedent for how artists can monetize their work. And with the winning bid coming in at over $1 million by John Legere, it’s clear that there’s a lot of interest in this new way of selling art.
It will be interesting to see what John Legere’s daughter decides to name the music video once it’s finished. But whatever she chooses, it’s sure to be a hit with 3LAU’s fans.
3. CROSSROAD by Beeple – $6.6 million
Pablo Rodriguez-Fraile’s investment in the digital art piece CROSSROAD paid off handsomely. He bought the piece from Beeple in October 2020 for almost $67,000 and then sold the video in February 2021 for $6.6 million.
4. “Earth” and “Mars” by Grimes – $5.18 million
$7500 may seem like a lot for a digital video, but for Grimes, it was a smart investment. In just 48 hours, she sold nearly 700 copies of her NFT videos “Earth” and “Mars,” earning $5.18 million in total.
With the help of blockchain technology, she was able to verify the authenticity of her artwork and ensure that each copy was unique. Thanks to the power of NFTs, Grimes was able to turn her digital art into cold hard cash.
5. Metarift by Pak – $906,709
After spending over two decades on the cutting edge of digital cryptography, Pak sold his most expensive individual piece, an interactive crypto art video called “Metarift,” to a big-time crypto collector on MakersPlace.
The sale price? A whopping $906,709. That’s one expensive digital asset!
6. Charlie Bit Me by the Davies-Carr Family – $760,999
3F Music, a Dubai-based music studio, spent $760,999 in May 2021 to purchase the video “Charlie Bit Me.” The popularity of this video, which was shared on YouTube in 2010 and features two young children, has been cemented by 3F Music’s decision to keep it running on YouTube.
How to make video NFTs
If you’re interested in making your own NFT video to capitalize on this unique trend, there are many ways to do it.
While the concept of NFTs is still relatively new, there are already several platforms that support NFT videos, including YouTube, Vimeo, and BitTube.
One example of this approach is Univision’s Fuera de Serie (FdS) project, which creates video NFTs that provide a dynamic viewing experience. FdS uses blockchain’s ledger system to “log” each viewer interaction as they watch a particular video segment. Each interaction creates a new, unique version of the video that is then stored on the blockchain.
This allows Univision to track how viewers interact with their content and also provides a way for users to share their customized viewing experiences with others. It’s a novel approach that could soon become the norm for video NFTs.
So, if you’re looking to create your own video NFTs, consider incorporating some interactive elements into your videos. Doing so will help make them more engaging and informative for viewers, and it could also lead to some pretty interesting viewing experiences.
To get started, simply select the platform of your choice and upload your mp4 file and the cover image you want to use. Then fill in the relevant details such as the title of your video, your name as the creator, and a brief description. Finally, make any necessary payments for minting fees, and click on “Create” to begin minting your video NFTs.
Ultimately, NFT video sales are proving to be incredibly lucrative. Artists, digital content creators, and other professionals within the field have been making significant amounts of money by selling their art on the blockchain.
While there is no doubt that the industry is bound to grow even further in the years to come, now is definitely a great time to get involved with NFTs. Whether you’re a professional artist or just someone who enjoys creating digital art, there’s no better time than now to start using NFT videos as a source of income. So why wait? Get started today!
Chat with the expert NFT promoters and marketers at Mooning
Sure, all the examples of NFT promotions we listed are from global brands with endless coin to throw at their campaigns. But you really don’t need a crazy-high budget to see some seriously incredible outcomes – as long as you know the delicate intricacies of building a killer NFT marketing strategy!
If not, no worries – Mooning is here to take care of everything for you and make sure you see the most amazing ROI you’ve ever seen before. Our team has the knowledge and experience to promote your NFTs in order to deliver maximum awareness and interest, driving the sales prices up sky-high and beyond.
We provide a full suite of expert NFT marketing services and go above and beyond for every one of our clients to ensure only the best results. Our team will help with everything from minting, listing and selling, NFT creator sourcing, community management and campaign conceptualisation.
So get in touch with us now on 1300 818 435 or message us online.