Another huge NFT sale was made at Christie’s tonight: collection of almost ten cryptopunks was purchased for $16.9 million. It’s likely the second-largest NFT purchases ever made, falling after Beeple’s sale in March.
CryptoPunks were one of the first NFT projects, and their value skyrocketed as collector’s items. The project, created by Larva Labs in 2017, offered 10,000 small pixel-art portraits of people, zombies, aliens, and apes. Each one was generated by AI-powered tech and has distinguishable attributes, like their hairstyle, glasses, or hat. Some traits are rarer than others, and those tend to make for more valuable CryptoPunks.
CryptoPunks have soared in popularity since NFTs started blowing up in February. Two alien punks sold in March for more than $7.5 million each. Another seven have sold for more than $1 million, all just in the past few months. NFT’s are based on Ethereum cryptocurrency which price skyrocketed this year to 4,300$ at the time of writing this post. Experts are sure – it is mainly thanks to lucrative and popular NFT transactions this year.