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.
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.
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.