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CryptoPunk’s NFT Sells for $530 Million

Digital art is as precious as the physical arts. Excitingly, it has become a way of social symbol that goes beyond the usual. Lately, Crypto Twitter went crazy for purchasing the CryptoPunk (NFT) code ‘9998’ for 124,457.07 ETH.

When changed to fiat currency, it reaches half a billion dollars ($530 million). Sales that may be the largest cryptocurrency token sales in history. However, most of the comments posted after the tweet say that they are skeptical about sales.

Some NFT collectors were quick to state that sales can be “fat finger,” a term that implies certain clicks on an item accidentally, which is the most usual in the business world.

In addition, Lark Davis, a leading crypto analyst, referred to the purchase as money laundering. “The most costly property in the USA is worth less than $530 million,” said another with a laugh. Others point out that this is just a publicity stunt, and some claim that NFT may have been returned to the first owner after the announcement.

About Tiffany Ellis

She is a smiley curious writer from the USA. She loves Cryptocurrencies, Arts an also NFTs.

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