NFT
u.in the present day
26 October 2022 20:27, UTC
Studying time: ~2 m
On Wednesday, CryptoPunk #924 bought for 475 ETH, or about $735,770 value on the time of the acquisition, in accordance with a Twitter bot that tracks the latest gross sales from the gathering.
The current sale proves that curiosity in blue-chip non-fungible tokens stays persistently excessive even if the sector has taken a extreme beating throughout the cryptocurrency winter.
It’s value noting that the punk in query has a rarity rating of 132.39, in accordance with the analytics platform Rarity.Instruments. This makes it solely the two,327th-rarest NFT from the gathering. The punk has such distinctive attributes as an opulent beard, a hoodie, an earring, and 3D glasses.
The NFT was bought by an nameless purchaser, who at present owns two punks.
CryptoPunks appeared lengthy earlier than NFTs grew to become mainstream in 2021. The gathering was launched again in 2017, but it surely gained traction final yr. A number of CryptoPunks have been bought for thousands and thousands of {dollars}, with celebrities and entrepreneurs speeding to purchase them with a view to flaunt their wealth.
In February, a single ape-traited NFT from the favored assortment was bought for a staggering $23.7 million.
Although punks stay in vogue, the broader sector is experiencing a extreme disaster. As reported by U.Right now, the gross sales of NFTs collapsed by a whopping 60% within the third quarter of 2022.