CryptoPunks NFTs Set Daily Sales Record of $69M in Ethereum After Visa Buys In.
By Andrew Hayward
Daily trading volume already tops $69 million and the floor price is above $227,000 following Visa’s morning announcement.
An NFT acts like a deed of ownership to a rare digital item, including images, video clips, interactive video game items, and more. CryptoPunks is considered a seminal collection in the space, as the 10,000 images were minted on the Ethereum blockchain back in 2017, before the official ERC-721 NFT standard was created and well in advance of this year’s market boom. The NFT market generated $2.5 billion in transaction volume in the first half of 2021.
Many of the profile picture-style NFT sets that CryptoPunks influenced have also been booming of late, including Bored Ape Yacht Club and Pudgy Penguins. Other types of NFT collectibles have recently been in demand, as well, such as Art Blocks’ generative artwork drops and the cartoonish monsters that players battle with in Ethereum-based game Axie Infinity.
—in Decrypt/ “CryptoPunks NFTs Set Daily Sales Record of $69M in Ethereum After Visa Buys In”.
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