NFT
On Wednesday, CryptoPunk #924 bought for 475 ETH, or about $735,770 value on the time of the acquisition, in accordance with a Twitter bot that tracks the newest gross sales from the gathering.
The latest sale proves that curiosity in blue-chip non-fungible tokens stays persistently excessive even supposing the sector has taken a extreme beating through the cryptocurrency winter.
It’s value noting that the punk in query has a rarity rating of 132.39, in accordance with the analytics platform Rarity.Instruments. This makes it solely the two,327th-rarest NFT from the gathering. The punk has such distinctive attributes as an expensive beard, a hoodie, an earring, and 3D glasses.
The NFT was bought by an nameless purchaser, who at the moment owns two punks.
CryptoPunks appeared lengthy earlier than NFTs turned mainstream in 2021. The gathering was launched again in 2017, but it surely gained traction final yr. A number of CryptoPunks have been bought for hundreds of thousands of {dollars}, with celebrities and entrepreneurs dashing to purchase them with a purpose to flaunt their wealth.
In February, a single ape-traited NFT from the favored assortment was bought for a staggering $23.7 million.
Despite the fact that punks stay in vogue, the broader sector is experiencing a extreme disaster. As reported by U.As we speak, the gross sales of NFTs collapsed by a whopping 60% within the third quarter of 2022.