CryptoPunk to be split into pieces: Nifty Newsletter, Aug 3–9
Ethereum co-founder Vitalik Buterin proposed a way to anonymize NFT transactions using smart contracts. In this week’s newsletter, read about Ethereum co-founder Vitalik Buterin’s proposal for stealth nonfungible token (NFT) ownership. Check out how a CryptoPunk will be split into thousands of pieces to enable smaller investors to access it, and how the NFT play-to-earn game Axie Infinity plans to double down on South Korea despite regulatory hurdles. In other news, learn about how NFT storage works according to two NFT experts. Lastly, check out how a Redditor turned criticisms of the NFT....
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A consulting firm predicted that the NFT market could be worth $231 billion in 2030, noting that the market will grow at a rate of over 33.7% in the years to come. In this week’s newsletter, read about the most expensive CryptoPunk sale in 30 days. Check out the report that predicts the growth of the NFT market in 2030 and actor Bill Murray’s biographical NFT project. Additionally, you can learn about the successful tech demo of the Otherside Metaverse. And don’t forget about this week’s Nifty News roundup featuring a Bored Ape Yacht Club (BAYC) NFT at clothing retailer Old Navy and a....
A valuable Cryptopunk nonfungible token is set to be fractionalized as more than 56,000 addresses sign up for a share of ownership. Nonfungible tokens (NFTs) continue to capture the imagination of the cryptocurrency space, with some of the most popular projects attracting hundreds of millions of dollars from investors. Projects like Cryptopunks and the Bored Ape Yacht Club epitomize the exclusivity of the most lucrative collections, with each NFT far from accessible to the average investor.A new campaign intends to give a wider base of investors a stake in some of the most valuable NFTs by....
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....
“NFTs are dead,” said the previous owner of the COVID Alien artwork once the auction closed. Luxury auction house Sotheby’s made waves on social media on Thursday following the sale of one rare CryptoPunk.In a tweet from Sotheby’s, the auction said CryptoPunk #7523 — also known as “COVID Alien” — sold in its London salesroom for roughly $11.8 million. According to the auction house, this sale represents a new world record for a single CryptoPunk artwork.CryptoPunks, which predate the bulk of the nonfungible token (NFT) craze in 2021, are often small, pixelated depictions of people, apes,....