Someone Just Paid $4.5M for a CryptoPunks Ethereum NFT Despite Bear Market

whole NFTs there may be sales Significantly down However, collectors are taking advantage of the bear market and falling ETH price to get desirable digital art pieces at relatively good prices.

Here are some notable examples: Cryptopunks NFT #2924 just sold this afternoon We won ETH worth about $4.5 million. This is the largest single NFT sale in recent memory. Measured in ETH, the selling price of 3,300 ETH is 4th all-time For CryptoPunks however, far down the list When measured in US dollars at the time of sale.

CryptoPunk #2924 was sold by a prominent pseudonymous NFT collector seed phrase, but it is not immediately clear who the buyer is.This particular CryptoPunks NFT is Last sold in November 2020 At 150 ETH, it was just $71,400 at the time.

It is one of only 24 apes in the entire CryptoPunks collection, spanning 10,000 unique NFT profile pictures and considered the 38th “most unusual” NFT in the project. rarity tools based on its attributes.

CryptoPunks is one of the most valuable and influential NFT brands. ethereum The collection sets the core template for modern profile picture projects. It inspired subsequent hits such as Boad Ape Yacht Club When doodleCryptoPunks sales are Approximately $2.4 billion to date in secondary trading volume.

This project was started in 2017 by Larva Labs. This is an early precursor to his NFT market craze over the past two years.Finally the Larva Institute Sold intellectual property rights to Yuga LabsCreator of Bored ApesMarch of this year. Yuga Labs has since Released merchandising rights Allows all owners to use punk imagery for derivative art and projects.

CryptoPunks’ all-time sales record was broken in February when it was set by Deepak Thapliyal, CEO of chain, a cloud blockchain infrastructure startup. Buy Punk #5822 for 8,000 ETH worth about $24 million at the time.