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CryptoPunk NFT Sold for $ 12 million worth of ether at Sotheby’s



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Alex Dovbnya

CryptoPunk # 7523 has just made a record sale of $ 12 million, and shows that the NFT hype is alive and well

A CryptoPunk non-fungal token has been sold for a whopping $ 12 million (4,761 ETH) at a Sotheby’s auction.

The 24 x 24 pixel pandemic avatar is the only “alien punk” wearing a mask, making it “extremely rare.”

CryptoPunk
Photo by @Sothebys

CryptoPunks was founded by Larva Labs in 201

7 and was one of the groundbreaking projects in the NFT space.

CryptoPunks is among the most popular NFTs, giving its issuers more than $ 100 million in sales.

A collection of CryptoPunks raised $ 16.9 million at Christies in May last year, but the masked alien (CryptoPunk # 7523) is the most expensive to date.

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While they were quite long, NFTs reached the peak of its regular coverage back in March with Beeple’s record-breaking sales of $ 69.3 million.

The latest auction shows that demand is still there despite growing skepticism.




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