Home
News- Tron’s CEO said today that he recently spent $10 million on TPUNK 3442, his first CryptoPunk
- Aside from that, the characters were free. They are now being auctioned off for millions to wealthy people
- Trading in financial products and/or cryptocurrencies entails significant risks, including the possibility of losing all or part of your investment, and is not appropriate for all investors
Tron’s CEO said today that he recently spent $10 million on TPUNK 3442, his first CryptoPunk. Since the beginning of 2021, CryptoPunk has been luring the rich with its pixelated digital avatar. Furthermore, this is the CEO’s second purchase of a digital item with his own money. The first occasion was on August 22, when he paid $611K for the Ethereum pet rock NFT. CryptoPunks, for example, is a collection of 10,000 pixel-art figures created by Larva Labs in 2017. Furthermore, these pixelated avatars, dubbed CryptoPunks, were first released as a test.
Aside from that, the characters were free. They are now being auctioned off for millions to wealthy people. CryptoPunk is one of the most well-known NFTs. Furthermore, these NFTs are a sort of Ethereum blockchain-based computer-generated art. Justin Sun’s CryptoPunk is also one of the priciest CryptoPunk. CryptoPunk 7523, which sold for roughly $11.8 million, comes in second. It’s worth noting that demand for NFTs skyrocketed in February and March of this year. In the first sale of artwork with no physical form by a major auction house, an NFT artwork brought $69.3 million to Christie’s.
Trading in financial products and/or cryptocurrencies entails significant risks, including the possibility of losing all or part of your investment, and is not appropriate for all investors. Cryptocurrency prices are extremely volatile, and they can be influenced by external factors like financial, legal, or political developments. Trading on margin exposes you to more financial risk. Before you decide to trade in financial instruments or cryptocurrencies, you should be fully educated about the dangers and expenses of doing so, carefully examine your investment objectives, level of experience, and risk appetite, and get professional advice if necessary.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
