A rare CryptoPunk non-fungible token (NFT) just shattered sale records after selling for tens of millions of dollars worth of Ethereum (ETH).
The CryptoPunks project is a collection of 10,000 unique, 8-bit-style pixel art images of punk-movement-inspired characters with unique traits and features.
The authenticity and originality of each item can be independently verified using the Ethereum blockchain.
The 8,000 ETH was worth more than $23.7 million at the time of purchase.
— CryptoPunks Bot (@cryptopunksbot) February 12, 2022
The previous record for most expensive CryptoPunk was also set by one of the nine Alien Punks. In June, CryptoPunk 7523 sold at Sotheby’s London saleroom for $11.8 million.
Moments ago in our #London saleroom, an extremely rare “Alien” CryptoPunk #7523 from the collection of @sillytuna sold for $11.8M as part of our #NativelyDigital NFT auction – setting a new world auction record for a single CryptoPunk. pic.twitter.com/PDVUSttI3o
— Sotheby's (@Sothebys) June 10, 2021
Currently, the lowest-price CryptoPunk available is selling for 72.94 ETH, which is worth more than $220,000 at time of writing, according to Larva Labs. The average sale price of CryptoPunks in the past 12 months is 62.14 ETH, worth more than $187,500.
The project has more than $2.05 billion in Ethereum in total lifetime sales.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Maquette.pro/Natalia Siiatovskaia