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- The NFT project has a floor price of roughly $175,000 as of Thursday (61.49 ETH). Gary Vaynerchuk, the founder of VeeFriends and VaynerMedia, recently revealed in a podcast discussion with Logan Paul that he owned 62 CryptoPunks, valuing his collection at $10 million or more.
- The overall number of transactions climbed by 187 percent in March, hitting roughly 1,400, resulting in a $98.5 million sales volume for CryptoPunks. In August 2021, the NFT initiative passed a new milestone of $679 million, with more than 2,500 transactions.
- The NFT project has seen a significant increase in total transaction counts, as well as an increase in unique monthly users, reaching 501 transactions and a sales volume of $6.1 million.
CryptoPunks has reached a new milestone, placing the project only behind Axie Infinity in the all-time ranking of NFTs by volume, thanks to a rise in purchases. According to Be[In]Crypto research, the NFT collection has a total sales volume of $2.2 billion as of April. CryptoPunks surpassed some of the industry’s most successful NFT projects, including BAYC, MAYC, Art Blocks, NBA Top Shot, CloneX, Azuki, and VeeFriends, with this newest milestone.
The Secret Behind CryptoPunks Phenomenal Popularity
Since January, the NFT project has seen a significant increase in total transaction counts, as well as an increase in unique monthly users, reaching 501 transactions and a sales volume of $6.1 million. The overall number of transactions climbed by 187 percent in March, hitting roughly 1,400, resulting in a $98.5 million sales volume for CryptoPunks. In August 2021, the NFT initiative passed a new milestone of $679 million, with more than 2,500 transactions.
July ($135 million), September ($217 million), October ($158 million), November ($135 million), and December ($172 million) were all promising months in 2021.
ALSO READ – How Did CryptoPunks Become Such A Hype?: What Made Its Prices Skyrocketing?
Function Flawlessly For 15 Years
The NFT project has a floor price of roughly $175,000 as of Thursday (61.49 ETH). Gary Vaynerchuk, the founder of VeeFriends and VaynerMedia, recently revealed in a podcast discussion with Logan Paul that he owned 62 CryptoPunks, valuing his collection at $10 million or more.
I’m probably not more confident in any investment I have than CryptoPunks, he remarked. To even be in the debate with CryptoPunks, VeeFriends [his NFT] has to function flawlessly for 15 years. [They] exist within the collectible art paradigm of being the object that started it all.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
