Ethereum NFT Sells for Eye-Popping $24 Million

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Ethereum NFT Sells for Eye-Popping $24 Million
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A super rare CryptoPunk has been sold for nearly $24 million

Prior to that, Thapliyal had spent roughly $2 million on NFTs from The Bored Ape Yacht Club collection, which surpassed CryptoPunks by floor price for the first time in December.Launched back in 2017, Larva Labs’ CryptoPunks were largely responsible for pushing NFTs into the mainstream, with multiple prominent celebrities, such as Jay-Z, becoming part of the club.

Wealthy NFT owners now use their Punks as collateral, following the suit of the owners of traditional art pieces.Punk #5822 has dwarfed the value of the CryptoPunk NFT purchased by billionaire Shalom Meckenzie in June . However, Beeple's collage called “Everydays — The First 5000 Days,” which sold for $69 million at Christie's auction in March, remains the most expensive NFT ever sold.by a $532 million CryptoPunk purchase, but it later turned out that the buyer simply pulled off a public stunt by selling the Punk to himself with the help of a flash loan.

Sotheby’s will auction a collection that consists of 104 CryptoPunk as a single lot called “Punk It” in late February.

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