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Ethereum Based CryptoPunk NFT has Just Been Sold For $4.5 Million

CryptoPunks NFT #2924 was sold today for almost $4.5 million in ETH. The Ethereum NFT collection has facilitated nearly $2.4 billion in trades so far....
Photo by theshubhamdhage

CryptoPunks NFT #2924 was sold today for almost $4.5 million in ETH. The Ethereum NFT collection has facilitated nearly $2.4 billion in trades so far. This is the fourth highest CryptoPunks sale measured in Ethereum, which is a remarkable feat in an era of falling NFT sales.

Although NFT sales may be lower than earlier in the year, collectors are still using the bear market to get good deals on highly sought-after digital art pieces.

This sale made the fourth largest sale for a cryptopunk at 3,300 ETH

This is a notable example: CryptoPunks #2924 was sold today for almost \$4.5 million in ETH, making it the largest single NFT sale since recent memory. Measured in ETH, the 3,300 ETH sale price is the fourth-largest all time for CryptoPunks–although it’s much further down the list when measured in terms of U.S. dollars at the time of sale.

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CryptoPunk #2924 was purchased by a notable pseudonymous NFT collector Seedphrase. However, it is not clear who the buyer was. The CryptoPunks NFT #2924 was last purchased in November 2020 at a price of 150 ETH – just \$71,400.

It is one of 24 CryptoPunks apes. The collection spans 10,000 NFT profile photos and it is considered to be the 38th most rare NFT in the CryptoPunks project.

CryptoPunks is one the most influential and valuable NFT brands. The Ethereum collection was the foundation for modern profile pictures. It was influential in later hits such as the Bored Ape Yacht Club or Doodles. Additionally, CryptoPunks sales have generated almost \$2.4 billion in secondary trading volume.

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Larva Labs launched the project in 2017 as an early proponent of the NFT market craze. In March 2017, Larva Labs sold the IP rights of Yuga Labs, the Bored Apes creator. Since , Yuga Labs has allowed all owners to use their Punks imagery in derivative art and projects.

Deepak Thapliyal (CEO of Cloud Blockchain Infrastructure Startup Chain), purchased Punk #5822 at 8,000 ETH , a record price for CryptoPunks. This was close to $24 million.

Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".
Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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