History Made as CryptoPunk NFT Sells for Over $23 Million

CryptoPunk is a digital collectible with an in-game economy that launched on CryptoKitties. The game has been tremendously successful, and at the end of last week it was revealed someone had made $23 million off one piece of the collectible. How will this impact all future NFTs?

The “crypto punks nft” is a NFT that was originally created as part of the CryptoPunk game. The asset was sold for over $23 million in an auction on July 2nd, 2018.

The NFT sector has reached yet another milestone, with CryptoPunk #5822 selling for a record-breaking 8,000 ETH (roughly $23.7 million) at a recent auction. The sale of the neon blue Punk ‘Alien,’ which wears a royal blue headgear, has shocked the community, propelling the digital asset even farther into NFT glory.

Deepak Thapliyal (also known as Deepak.eth), the CEO of Chain, the blockchain technology business, was in charge of the acquisition. Deepak moved to Twitter to personally announce his digital purchase, saying in response to congratulations, “I am still able to HODL #ETH while purchasing this.” Basically, I punked in using ETH. #DeFi FTW.” 

Despite his evident joy in his acquisition, Thapliyal has yet to use the Punk as his Twitter profile photo, maybe because he is hesitant to part with his Bored Ape NFT, which presently holds the coveted slot.

The sale, which was confirmed by the CryptoPunks Bot Twitter on February 12th, surpassed the previous Punk record, which was achieved in June 2021 when ‘Coin Alien’ CryptoPunk #7523 sold for $11.75 million at Sotheby’s “Natively Digital: A Curated NFT Sale.” 

With Sotheby’s preparing to conduct ‘Punk It!’ later this month, a mass auction including 104 CryptoPunks, it’ll be fascinating to see whether Thapliyal’s against-the-odds Punk buy has any impact on the prices produced in this sale.

 

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