CryptoPunk NFT Sells for $10 Million

If CryptoPunk NFT can reach this huge amount of money. We cannot imagine projects like the Metaliums that offer NFT and NFO (non-expendable objects) could reach. Offering a digital collection and real objects is a new space in the NFT, but that is where experts predict that the real value will be in the near future.

An anonymous user recently spent 2.500 ETH (approximately $10 million at the time of writing) to acquire a rare Ape Punk NFT, the CryptoPunk #4156. The price set a new high in the history of the collection.

Someone Bought Rare NFT for $10 Million

It’s not surprising that the NFT is so pricey; #4156 is a rare Ape Punk, one of only 24 in a collection of 10,000 items. However, it is not the most expensive CryptoPunk ever for sale.

The sale has elevated the NFT to the ranks of the most valuable Crypto Punk NFTs, alongside the Crypto Punk #7523, which sold for more than $11.7 million at a Sotheby’s auction in June 2021.

The point is that CryptoPunk #4156 is the most valuable NFT sold on Larva Labs’ native CryptoPunk marketplace.

As one of the first Ethereum-based NFT collections, CryptoPunk has piqued the interest of Ethereum advocates, celebrities, and auction houses, including Christie’s and Sotheby’s.

In October of this year, a user bid 2,500 ETH (approximately $9.5M at the time) for the rare CryptoPunk #6046. It would have been one of the most valuable sales if the owners had accepted the bid.

However, the Punk’s owner decided to reject the bid due to the personal identity and brand that the rare Punk carries.

One NFT CryptoPunk was recently traded for more than $500 million at the time of sale in October. CryptoPunk 9998 was unexpectedly traded for as much as 124,457 ETH, or $532 million. However, it was merely a ploy to inflate the price.

The Journey Of CryptoPunks

Regardless of the controversy surrounding CryptoPunks, it is undeniable that the project has inspired the modern CryptoArt movement around the world and has become the most successful project on Ethereum.

Besides, the applying concepts as the inspiration for the ERC-721 protocol, which powers the majority of digital art and collectibles.

If you’ve been following the NFT world since its inception, you’ll know that the CryptoPunks story isn’t a fairy tale.
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Source: #Blockonomicom





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