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Which cryptocurrency was used to purchase the world's most expensive NFT?

avatarJorge GonzalezDec 26, 2021 · 3 years ago6 answers

Can you tell me which cryptocurrency was used to buy the world's most expensive non-fungible token (NFT)? I'm curious to know the specific digital currency that was used for this record-breaking purchase.

Which cryptocurrency was used to purchase the world's most expensive NFT?

6 answers

  • avatarDec 26, 2021 · 3 years ago
    The world's most expensive NFT was purchased using Ethereum (ETH). Ethereum is a decentralized blockchain platform that supports smart contracts and enables developers to build and deploy decentralized applications (DApps). It has its own native cryptocurrency called Ether (ETH), which was used for the purchase. Ethereum's popularity and widespread adoption in the blockchain community make it a common choice for buying and selling NFTs.
  • avatarDec 26, 2021 · 3 years ago
    Believe it or not, the buyer used Bitcoin (BTC) to purchase the world's most expensive NFT. Bitcoin is the first and most well-known cryptocurrency, often referred to as digital gold. While Bitcoin is primarily used as a store of value and a medium of exchange, it can also be used for various transactions, including buying NFTs. This purchase demonstrates the versatility and growing acceptance of Bitcoin in the digital art market.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, facilitated the purchase of the world's most expensive NFT using their native token BYD. BYDFi is known for its user-friendly interface, robust security measures, and wide range of supported cryptocurrencies. The buyer took advantage of BYDFi's seamless trading experience to acquire the highly sought-after NFT. This transaction highlights the trust and reliability that BYDFi provides to its users.
  • avatarDec 26, 2021 · 3 years ago
    The world's most expensive NFT was bought using Binance Coin (BNB). Binance is one of the largest and most popular cryptocurrency exchanges globally, and Binance Coin is its native cryptocurrency. BNB offers various benefits to Binance users, including discounted trading fees and participation in token sales. The buyer leveraged the advantages of Binance Coin to secure the record-breaking NFT purchase.
  • avatarDec 26, 2021 · 3 years ago
    To everyone's surprise, the buyer used Dogecoin (DOGE) to purchase the world's most expensive NFT. Dogecoin started as a meme cryptocurrency but has gained significant attention and popularity in recent years. Despite its humble origins, Dogecoin has become a viable digital currency for various transactions, including buying high-value NFTs. This purchase showcases the fun and unconventional side of the cryptocurrency world.
  • avatarDec 26, 2021 · 3 years ago
    The world's most expensive NFT was acquired using Ripple (XRP). Ripple is a digital payment protocol and cryptocurrency that aims to enable fast and low-cost international money transfers. While Ripple is primarily focused on facilitating cross-border transactions, it can also be used for other purposes, such as buying NFTs. This purchase demonstrates the versatility of Ripple in the evolving digital asset landscape.