Calling NFTs “lucrative” is becoming more and more of an understatement by the day.
As revealed by the virtual collection’s official Twitter bot, a CryptoPunks NFT sold for 8,000 ETH yesterday, an amount that equates to around $23 million based on the coin’s price at the time of this posting ($2,864). The previous auction record was set by a CryptoPunk NFT called “Covid Alien” that sold to a billionaire buyer for $11.8 million.
CryptoPunks is a hugely popular NFT collection on the Ethereum blockchain that was launched by Larva Labs in June 2017. Some of the celebrities that reportedly hold CrytoPunks include Jay Z, Snoop Dogg, and Jordan Belfort.
CryptoPunk #5822 Sold for Record-Breaking 8,000 ETH, $23.7 Million USD (Hypebeast)
- Verified by the CryptoPunks Bot Twitter, the sale of CryptoPunk #5822 serves as the biggest CryptoPunks NFT purchase in history.
- The NFT was purchased by Deepak Thapliyal, the CEO of Chain, who goes by the name of Deepak.eth on the Ethereum blockchain.
- The staggering 8,000 ETH transaction smashes the previous record sale of the “COVID Alien” CryptoPunk #7523 at Sotheby’s “Natively Digital: A Curated NFT Sale” back in June, 2021.