04/10/2024 NFT Mania Is Back? Maybe Not, but a CryptoPunk Just Sold for a Record $56.3M

Punk 1563 changed hands for 24,000 ETH, a huge markup versus recent pricing.

CryptoPunk 1563 just sold for a record $56.3 million. (CryptoPunks)CryptoPunk 1563 just sold for a record $56.3 million. (CryptoPunks)

A hallmark of the last cryptocurrency bull market was the remarkably high sale prices for various non-fungible tokens (NFTs).

The world has largely moved on from NFTs, with enthusiasm for crypto products embellished with quirky images now directed toward memecoins – so, so many memecoins.

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Yet, on Thursday, a sign of bull markets past returned: A CryptoPunk NFT just sold for a record price of $56.3 million. The prior all-time high of $23.7 million wasset in February 2022, months before the crypto winter got truly dark.

Punk 1563 bought for 24,000 ETH ($56,292,000.00 USD) by 0x9cbb3d from 0xba1349.https://t.co/FqDvGZvg05#cryptopunks#ethereumpic.twitter.com/hWimHKYb0x

— CryptoPunks Bot (@cryptopunksbot)October 3, 2024

Punk 1563, depicting a pixelated woman with dark hair and blue eyes, fetched 24,000 ether(ETH)in the transaction. As recently as September, it wasoffered for salefor less than 30 ETH – meaning the latest deal represented a huge markup versus recent pricing.

NFTs have historically seen all manner of weirdness around sales. There was the time in 2021 when another CryptoPunk technically sold for $532 million, though blockchain data clearly show thesame person was on both sides of the trade.

And there have been allegations that NFTs were used for money laundering.

It's not clear what the motivations were for Punk 1563, though.

Arts

https://www.coindesk.com/markets/2024/10/03/nft-mania-is-back-maybe-not-but-a-cryptopunk-just-sold-for-a-record-563m/

Interesting NFTs
CryptoKitties
Hey cutie! I'm Kitty #452154. All you need to know about me is I hate hamburgers with a passion. I like to listen to Metallica while grooming. Don't judge me. It's pawesome to meet you!
#96363
By OthersideDeployer
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.
Meebit #17522
The Meebits are 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain.
Crypto Toy Coin
This piece represents the creation of a new "Visual Toy", a term created by me to encompass my unique and exclusive GIF-Arts. The latter, "Crypto Toy Coin" is the only and first in the cryptocurrency theme. In it I represent the fast-paced world of finance in the virtual environment, the Internet with its universe of colors and infinite visual impact, an optimistic and exciting future, a world of possibilities that opens before us. These "Visual Toys" invite you to imagine, that is their function, that is the game. The ultimate goal is that you imagine, that it is you who gives it meaning. There are no good or bad answers, just the projection of each one. I've only created the trigger, the piece where you can project your imagination and let it fly.