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Cryptowire: Alien CryptoPunk NFT Sale Breaks Records
A depiction of the Ethereum blockchain meant to symbolize CryptoPunks’ latest sale of CryptoPunk 635.
NFT Art Collection CryptoPunks
CryptoPunks, a collection of uniquely generated digital depictions inspired by the cyberpunk movement, has made headlines once again with the sale of CryptoPunk 635 on the Ethereum blockchain for $12.38 million ETH.
CryptoPunk 635: A Rare Entity
CryptoPunk 635, one of only nine alien punks in the collection, is considered an ultra-rare entity. It was sold as the fourth highest-value piece in the entire CryptoPunks collection.
The Sale and Ownership
The piece was previously owned by Larva Labs, the parent company of CryptoPunks, and was last sold at the Christie’s Contemporary Art Evening Sale in May 2021. The recent sale to an anonymous collector was facilitated by high-value NFT broker, Fountain.
Recent Transactions and Impact
Other digital artworks similar to CryptoPunk 635 have reached high prices, with some selling for as much as $23.7 million. This sale comes after another alien CryptoPunk was purchased for $16.03 million, showcasing the continued interest in NFT art.
Staying Power of NFTs
Despite fluctuations in monthly sale prices of NFT art, the sale of CryptoPunk 635 and the acquisition of CryptoPunks by Yuga Labs in 2022 suggest a lasting impact on the NFT art industry. This may indicate a strong future for NFTs in the art market.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
