Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Entertainment https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ ‘Covid Alien’ CryptoPunk NFT Sells for $ 11.7 Million in Sotheby’s Auction

‘Covid Alien’ CryptoPunk NFT Sells for $ 11.7 Million in Sotheby’s Auction

A rare CryptoPunk sold Thursday at Sotheby’s for over $ 11.7 million.

Named “Covid Alien”, CryptoPunk 7523 is considered a rare NFT or non-sponge token, collectible. It is one of nine “alien punks” in the entire series and is the only one with a mask.

The buyer, Sotheby’s told CNBC Make It, is Shalom Meckenzie, the largest shareholder in DraftKings. According to Forbes, Meckenzie has a net worth of 1

.6 billion. $.

The 7-digit sale set “a new world auction record for a single CryptoPunk”, according to Sotheby’s.

CryptoPunks is a range of 24×24 pixelated avatars. There are a total of 10,000, and no two are exactly alike. Each has its own unique features and accessories.

Known as one of the earliest NFTs, the CryptoPunks project was launched in 2017 by Larva Labs founders Matt Hall and John Watkinson. Originally, each CryptoPunk was offered for free, but many have recently sold for millions of dollars.

Two other “foreign punks” recently sold for more than $ 7.5 million each, according to CryptoSlam, and seven other CryptoPunks sold for over $ 1 million. In May, a collection of nine CryptoPunks sold for nearly $ 17 million at Christie’s.

“CryptoPunks has become one of the most sought-after NFTs on the market,” said Michael Bouhanna, a contemporary art specialist at Sotheby’s, former CNBC Make It

Prior to the sale, an NFT collector known under the pseudonym Sillytuna owned CryptoPunk 7523.

The last public sale of CryptoPunk 7523 was in 2017 for 8 ethers, which at the time was $ 1,646. However, Sillytuna allegedly received NFT recently for an undisclosed amount – it is not publicly recorded as typical sale is due to it being done as an OTC or over-the-counter trade, Sillytuna told the Cointelegraph.

Although Sillytuna is now a little richer today, the NFT collector has no plans to keep the entire profit and donates 10% of the sales revenue, according to a Sotheby’s press release. Of the 10%, 5% will be donated to Larva Labs to support the development of several NFT projects, and the remaining 5% will be donated to Covid-19 relief organizations.

In addition, Sillytuna purchased the “first” NFT created by Kevin McCoy, which Sillytuna wrote on Twitter, which was auctioned off with CryptoPunk 7523. Sotheby’s says the winning bid for McCoy’s NFT is $ 1.47 million.

“So happy to own the first NFT ever, Quantum,” Sillytuna tweeted Friday. “A piece of history. Let’s see how we can continue the story.”

Sign up now: Get smarter about your money and career with our weekly newsletter

Do not miss: Americans earned over $ 4 billion from bitcoin in 2020 – more than 3 times as much as any other country

Source link