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."
![Article image](/sites/default/files/inline-images/E3hxHsFVEBcJ6F4.png)
Founded by Larva Labs back in 2017, CryptoPunks was one of the pioneering projects in the NFT space.
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.