Rare CryptoPunk Fetches $2.24M in Historic NFT Sale
1min read CryptoPunk 4464, a rare digital collectible from the CryptoPunks series, has been sold for 1011 ETH, equivalent to approximately $2.24 million. This resale marks a significant milestone in the non-fungible token (NFT) market, highlighting the growing interest and value of digital assets.
The buyer, known as "0x650d," acquired the NFT from the original owner, "0x1343." CryptoPunk 4464 is part of the first generation of CryptoPunks, which were created by Larva Labs in 2017. The NFT is one of only nine CryptoPunks with a "ape" attribute, making it highly sought after by collectors.
The sale of CryptoPunk 4464 is the latest in a series of high-profile NFT transactions. In March, a CryptoPunk with a "zombie" attribute sold for 605 ETH, or around $1.5 million at the time. The growing demand for NFTs has led to a surge in the market, with total sales volume reaching over $25 billion in 2021.
The NFT market has also seen a rise in the number of platforms and marketplaces, such as OpenSea, Rarible, and SuperRare, where users can buy, sell, and trade digital assets. These platforms have contributed to the growth and diversification of the NFT market, attracting a wider range of investors and collectors.
The sale of CryptoPunk 4464 also underscores the potential of NFTs as a store of value and a means of expressing cultural and social identity. As digital assets continue to gain traction, it is likely that we will see more high-profile transactions and innovative use cases in the NFT market.
