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CryptoPunk NFT Sold for $12 Million Worth of Ether at Sotheby’s

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Thu, 10/06/2021 - 14:59
CryptoPunk NFT Sold for $12 Million Worth of Ether at Sotheby’s
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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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CryptoPunk
Image by @Sothebys

Founded by Larva Labs back in 2017, CryptoPunks was one of the pioneering projects in the NFT space.

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CryptoPunks are among the most popular NFTs, bringing their issuers over $100 million worth of sales.

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.

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.

The most recent auction proves that the demand is still there despite growing skepticism.

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