Share this article
Rare CryptoPunk NFTs Fetch Almost $17M at Christie's Auction
All nine CryptoPunks are among the first 1,000 NFT minted in the early days of creator Larva Labs.
Updated May 9, 2023, 3:19 a.m. Published May 12, 2021, 8:23 a.m.
Make us preferred on Google
Nine rare non-fungible token (NFT) digital collectibles known as CryptoPunks have sold for almost $17 million at physical auction house Christie’s, according to a Twitter announcement on Wednesday.
- All nine CryptoPunks are among the first 1,000 minted in the early days of creator Larva Labs and fetched a total of $16,962,500.
- The NFTs, taken from Larva Labs' own collection, were part of the "21st Century Evening Sale" at Christie's, the 255-year-old, U.K.-based auction house.
- NFTs are blockchain-based tokens incorporating various attributes representing artwork or assets in the digital domain and can be used to verify proof of ownership.
- In March, Christie's sold an NFT representing digital artist Beeple's work for a record $69 million.
- The CryptoPunks sale highlights the continuing demand for digital art validated by blockchain technology.
- On Wednesday, eCommerce company eBay announced it would allow the sale of NFTs on its platform including trading cards, images and video clips.
See also: Merriam-Webster to Auction an NFT of Its New Definition of an NFT
More For You
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
Commissioned byPudgy Penguins
CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.
What to know:
- Disrupting a Stagnant Market: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.
More For You
Billions in crypto are moving in Iran. Analysts can't agree if it's war-time panic or business as usual.
When airstrikes hit Iran on Feb. 28, crypto outflows from Nobitex spiked 873%, suggesting a "digital bank run" was ongoing. The reality may be more complex.
What to know:
- Within minutes of the Feb. 28 airstrikes, crypto outflows from Iran's Nobitex exchange spiked 873%, suggesting a "digital bank run" was ongoing.
- TRM Labs argues the data instead points to Nobitex conducting routine "hot-to-cold" wallet rebalancing to protect its funds as the war escalated.
- Elliptic maintains that capital flight is occurring, noting a persistent daily trickle of funds to overseas exchanges despite nationwide internet blackouts.
Top Stories
