06/03/2024 Rare CryptoPunk NFT sells for US$16 mln, signaling market revival

  • NFT displayed on a smartphone

    Image: Envato Elements

CryptoPunk #3100, one of the rare “Alien Punks,” has been sold for 4,500 ETH, worth approximately US$16.5 million, marking the second-largest transaction for a CryptoPunk in both U.S. dollar and ether terms.

The sale, which took place on March 4, surpassed the previous offer of 4,250 ETH made on March 1.

The CryptoPunks collection, originally minted in 2017 by Larva Labs and later acquired by Yuga Labs, is one of the most popular NFT collections today. CryptoPunk #3100 was initially purchased for over US$2,000 in 2017.

The NFT sector is showing signs of resilience and recovery, despite experiencing a downturn in 2022.

Institutions are also taking an interest, with platforms like SegMint introducing secure NFT custody solutions. The market’s revival is further evidenced by the increased attention to Bitcoin NFTs, which have surpassed Ethereum in weekly sales volume due to protocols like Ordinals that allow embedding files into Bitcoin’s smallest units, satoshis.

The Bitcoin blockchain had over US$182 million in NFT sales over the past seven days while Ethereum logged just over US$180 million, according toCryptoSlam data.

Arts

https://forkast.news/rare-cryptopunk-nft-sells-for-us16-mln-signaling-market-revival/amp/

Interesting NFTs
#65679
By OthersideDeployer
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit
Discord Assembly
Discord logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 2/20/21. 47.5m+ views, 3.2m+ likes (as of 4/22/21).
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
HaCKittieZ
Who will be the most Meowfool of the Meowfoolest?! 6 HaCKittieZ are fighting for the crown of madness! It is time for crowns to change their history: people, this is the crown of insanity we are talking about. So tell us, who is insaner than the insanest of collectors? Only the artists - the creators - would know, while crowning the one who is brave enough to play with the craziest possibilities of Async programmable art, on these 6 HaCKittieZ. Welcome to the feast of fools. HaCKittieZ is a collaboration of Hackatao, CryptoKitties and Async. The 6 KittieZ are a reinterpretation by Hackatao of the CryptoKitties’ classic elements, following their own style and getting inspiration from their own art pieces.