- CryptoPunks are maintaining a strong position in the NFL space as the NFT piece #7756 sold for $3.2 million.
- CryptoPunks is a prominent NFT project among the collectables setting the benchmark in the crypto space.
- These pixelated aliens have lately become a status symbol for many entities like rapper Jay-Z.
CryptoPunks, one of the top NFT projects, has recently witnessed an NFT sale for $3.2 Million.
This NFT piece by the Token ID #7756 is a 24×24 pixel art image developed algorithmically by a computer, which sold for 1,050 Ethereum (ETH), which equates to around $3.2 Million. This sale was signified via a Twitter Bot, which keeps an eye on the recent purchases.
CryptoPunks was the first NFT project on Ethereum. And this piece depicted an alien with bloodshot eyes and green skin and is one among the other 10,000 unique collectable tokens that managed to disrupt the NFT sector.
Another rare NFT piece from the CryptoPunks collection was bought by Chain CEO Deepak Thapliyal for a massive amount of $23.7 Million.
Bored Ape Creators Acquired CryptoPunks
CryptoPunks are the most iconic NFTs to be created ever, and the collection is even said to be a catalyst for the modern art movement of crypto. Originally, its creator Larva Labs, put some CryptoPunks to test and released them for free before the project gained traction and popularity.
Last year, the NFT project gained massive attention when prominent celebrities like rapper Jay-Z bought them. CryptoPunks has been featured in places like The New York Times, The PBS Newshour, Christie’s of London, etc. It is an inspiration for the CryptoArt movement and ERC 721 standards.
The project has now crossed the mark of $2 Billion in trading volume. Although, recently, there has been a downfall in the overall sales volume of NFTs, this purchase signifies that the concept is still trendy and the hype is alive.
Furthermore, the creators of another significant NFT project, Bored Ape Yacht Club, Yuga Labs, announced last month that it had purchased CryptoPunks, further enhancing its dominance in the space.
Non-Fungible Tokens (NFTs) have brought a plethora of opportunities for digital creators and artists. They not only provide them with the opportunity to showcase their art but also give them the digital ownership of their creations. Given its frenzy, NFTs might massively grow and evolve in the future.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.