A CryptoPunk non-fungible token has been sold for a cool $12 million (4,761 ETH) at a Sotheby's auction.
The pandemic-style 24x24 pixelated avatar is the only "alien punk" that has donned a mask, which makes it "extremely rare."
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Founded by Larva Labs back in 2017, CryptoPunks was one of the pioneering projects in the NFT space.
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A collection of CryptoPunks fetched $16.9 million at Christie's last May, but the masked alien (CryptoPunk #7523) is the most expensive one to date.
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While being around for quite a long time, NFTs reached the peak of their mainstream coverage back in March with Beeple's record-shattering $69.3 million sale.
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The most recent auction proves that the demand is still there despite growing skepticism.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team