16/02/2022 A rare CryptoPunks alien avatar NFT sells for an all-time high of almost $24 million, double the previous Punks record

CryptoPunks
CryptoPunksRokas Tenys
  • CryptoPunks NFT 5822, one of only nine alien Punks, sold for 8,000 ether worth $23.7 million on Saturday.
  • It set a new sales record at double the $11.8 million price for a CryptoPunks NFT last June.
  • The growth in NFT sales shows no signs of flagging in 2022, having booked a record January.

A rare CryptoPunks NFT sold for an all-time high of almost $24 million at the weekend, double the price of the previous record-holder, as the digital assets continue to pull in buyers.

CryptoPunks NFT 5822, one of only nine alien Punks, sold for 8,000 ether worth $23.7 million on Saturday, according todata from Larva Labs. The last time it changed hands was in July 2017, when it went for $1,646.

CryptoPunks NFTs — or non-fungible tokens — have been around since 2017, meaning they predate most other NFT collections. Many of the Larva Labs-developed pixelated avatars have sold formillions of dollarsover the last few years.

The previous record for a CryptoPunks NFT was set at a Sotheby's auction last June, when DraftKings investor Shalom Meckenziepurchased the "Covid Alien" Punk 7523 for $11.8 million. However, the biggest on-chain sale was for Punk 4156 in December, which went for $10.26 million on theLarva Labs marketplace.

Deepak Thapliyal, CEO of blockchain tech company Chain.com,revealed on Twitterthat he was the most recent buyer. He said he had used DeFi financing through Compound Finance for the purchase — a sign he was long ether and still able to hold the cryptocurrency, he said.

Last year, some NFT owners began usingethereum-based "flash" loans to borrow cryptoto make a purchase, paying themselves back immediately in the same transaction. One CryptoPunks NFT purchased this way went for more than $532 million, prompting Larva Labs to say it would filter out alerts for such transactions in the future.

The most expensive legitimate sale of an NFT came in 2021, when Sotheby's auctioned a Beeple piece for$69 million, kicking off the NFT craze in the mainstream.

NFT sales surged throughout 2021 after that sale in March. In August,NFT sales volumereached $3 billion for the month. At the time, analysts saw this as evidence of speculative retail investors shifting out of bitcoin and meme stocks into the digital assets.

However, January saw a resurgence. NFT sales reached a new all-time high of $7 billion for the month, even though cryptocurrency prices slumped in January.

Arts

https://markets.businessinsider.com/news/currencies/cryptopunks-alien-nft-goes-for-almost-24-million-smashing-sales-record-2022-2

Interesting NFTs
The Investor's Dream
The second "Visual Toy" about cryptocurrency and its universe that continues the exclusive collection on this theme. After the first Visual Toy, dedicated to the cryptocurrency itself, this visual toy is the other side of the coin. It represents, as its title tells us, the investor's dream, the current person and his financial hopes. A surreal fantasy of the dreams and longings of every investor, in this case the crypto investor. In this magical, happy and colorful dream, aspirations of all kinds intermingle, both the desire for great benefits, represented in a long animation that shows us a production cycle or series production that ranges from the gastronomic recipe of a two-ingredient cake. Bitcoin slice and Ethereum smoothie, passing through magic, represented in a fairy that transforms the cake into real money, which is sucked into a giant capsule to accumulate it and multiply it. The rest is full of investor aspirations, which appear in their dreams in the form of profits or screens that announce that values are rising steadily, as well as physical possessions, such as the sailboat, the helicopter, homes and other objects or possibilities. A dream full of happiness, fun and hope.
#50925
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CryptoKitties
Sup playa! I'm Kitty #372169. All you need to know about me is I hate steak with a passion. I once made a dog trot. In time you'll learn how purrfect I am.
Death Dip
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Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.