CryptoPunk Acquired By MoonPay For $3 Mln In Ethereum.

CryptoPunk Acquired By MoonPay For $3 Mln In Ethereum.

2022-01-09 | Daniel Smith

CryptoPunk Acquired By MoonPay For $3 Mln In Ethereum.

MoonPay, a financial technology payment technology firm, has paid more than $3 million for a zombie-inspired CryptoPunk. The firm frequently acts as a go-between for famous NFT transactions, allowing people to guess as to whichever high-profile individual is driving the purchase.

MoonPay paid 900 ETH for the NFT yesterday at 11:52 p.m. UTC. With an ETH value of $3,406.48 at the moment, that's a $3,065,832 purchase.

Soon afterward, MoonPay sent out a tweet encouraging people to "predict" who the transaction was for. NBA stars to Gordon Ramsey were among the expectations made by fans.

The NFT - CryptoPunk #2681 – is among just 88 'zombie' punks produced, rendering it highly precious to collectors. The punk's most recent significant sale was from maxand98 for 277 ETH that was worth $542,219.19.

Jimmy Fallon, star of The Tonight Show, disclosed in November that he purchased a Bored Ape NFT via MoonPay. That month only, Post Malone took an identical step.

Eminem reportedly paid around $400k for a Bored Ape to welcome 2022. On OpenSea, the renowned collection has produced above $1 billion in sales.

NFTs are emerging not just as a prominent cultural symbol amongst certain artists, but simply as a revenue-generating technique. Nas, for instance, intends to offer the property rights to two of his compositions via NFTs, through which he as well as various owners would benefit.

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