This CryptoPunks NFT was sold for 8,000 ETH ($23 million)

A CryptoPunks NFT has been sold at a world record value that replaces the ETH or USD figures splashed on any other CryptoPunks before: $24 million worth of Ethereum.

CryptoPunk #5822 sold for 8000ETH

CryptoPunks is one of the oldest NFT collections in the space. The collection was developed in 2017 when there was little to no interest in the space, but today it is considered one of the most expensive works in the area of non-fungible tokens.

They are a collection of 10,000 algorithmically generated pixelated and tokenized art images of humans, aliens, apes, zombies, etc.

This latest CryptoPunks was bought by Chain CEO Deepak Thapliyal. The CEO announced the acquisition of NFT on Twitter. Available information shows that he paid 8,000 ETH for the CryptoPunks.

👽 pic.twitter.com/lQg6DzSttr

— Deepak.eth ⛓ (@dt_chain) February 12, 2022

Providing more details about the transaction, the CEO revealed that he leveraged your Compound Finance account to purchase the digital art.

It should be added that Thapliyal’s CryptoPunk #5822 is considered an “alien”, and there are only nine such NFTs out of the 10,000 NFT pieces in the collection.

Interestingly, this is not the first time that a CryptoPunks NFT will attract top price. Last year, DraftKing’s Shalom Meckenzie paid $11.8 million at a Sotheby’s auction to acquire an NFT from the collection. In December, the pseudonym 4156 came to light when he sold his NFT for more than $10 million worth of NFTs.

Some of the most expensive NFTs yet

It is important to note that the growth of the NFT industry last year resulted in numerous NFT transactions worth millions of dollars.

Beeple’s Everydays NFT remains the most expensive in the space. The NFT sold for a record $69 million, making it one of the most expensive creator art in the world. Since then, the digital creator has also recorded other sales that have attracted huge fees.

In the week just concluded, AssangeDAO also made a record by successfully buying Pak “Clock” NFTs for around $54 million. This places the NFT as one of the most expensive in the industry.

Aside from the above, the NFT collections from CryptoPunk, Bored Ape Yacht Club, Azuki, and various other collections have also attracted significant investment from institutional and retail investors.