Visa invests $150,000 in NFT CryptoPunk Asset
Visa has made a sizable investment in the NFT space, acquiring a popular digitally pixelated CryptoPunk. Credit card giant Visa has made a substantial splash on its emergence into the nonfungible token (NFT) space with a $150,000 acquisition of a CryptoPunk, the collective of digital artworks that pioneered the mainstream culture of the space back in 2017.In a blog post announcement released on Monday, Cuy Sheffield, head of crypto at Visa and self-proclaimed NFT enthusiast, shared his views on the value of purchasing NFT assets in the digital economy, the vast growth of the market in the....
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Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekCongress has put forward 18 bills on digital assets in 2021 so farThe U.S. Congress has been ramping up its efforts to provide a regulatory framework for crypto in 2021 and has put forward 18 bills concerning digital assets and blockchain tech so far this year.According to an Aug. 22 analysis from former Federal....
Payment giant VISA has made another bet on the Ethereum ecosystem. The company recently announced the purchase of an item from the popular non-fungible token (NFT) collection CryptoPunk. Item 7610, one of 3840 “Female” punks with a Mohawk, Clown Eyes Green, and “Hot” Lipstick, VISA purchased this Ethereum-based NFT on August 18th, 2021. The company […]
Visa is showing some bullish behavior around NFTs. As reported on at our sister network Bitcoinist today, Visa made a splash by purchasing a CryptoPunk to kick off the week. The purchase was made late last week for around 49.50 ETH – approximately $150,000. The company is showing clear optimism on the future of the NFT market. If that purchase wasn’t enough to convince you, the firm also released a new NFT report. “Crypto And Commerce” The brief report can be found as the latest white paper to feature the company’s crypto research tab on the Visa.com website.....
At a highly anticipated upcoming auction, one ultra-rare CryptoPunk will get some additional stage time at the luxury auction house, Sotheby’s. Sotheby’s Will Sell The CryptoPunk Sotheby’s stated today in a Tweet that the sale of CryptoPunk #7530, better known as “Covid Alien,” will take place during a “special, standalone” auction. The Punk was originally […]
A CryptoPunk NFT has just set the record for the highest-selling punk so far. The collection which is more than three years old had been in obscurity for the longest time but with the rise of NFT popularity, they have become one of the most valuable collections in the NFT space. In a recent sale, CryptoPunk #5822 has set the record for the high-selling punk after selling for $23 million. CryptoPunk #5822 Sells For 8,000 ETH The CryptoPunk #5822 which had sold for 8,000 ETH, more than $23 million had been bought by the CEO of Chain, Deepak Thapliyal. It is the most expensive CryptoPunk NFT....