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BCH $600.51 (-3.5%)
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CryptoPunk #4458 Sold for 48 ETH ($132,661.44)

CryptoPunk #4458 Sold for 48 ETH ($132,661.44)
  • CryptoPunk #4458 sold for $132,000 to 0x76b8a6.
  • CryptoPunks Bot’s official page tweeted the bid.

A pixelated picture of a male punk sold for over 48 ETH ($132,661.44) by 0x9e427e to 0x76b8a6, tweeted CryptoPunks Bot. Moreover, this is a sign of the increasing popularity of the non-fungible token (NFT) market. In other words, NFT has gained lots of steam in the past year.

NFTs are a cryptographic design of tangible or intangible items on the blockchain. Therefore, they symbolize ownership of whatever asset they associate with (real estate, art, comic books, or just about anything).

The sale was made in the NFT Platform Crypto Punks. The NFT named the “Punk #4458,” CryptoPunk features punk spots, a front beard, and green clown hair. One of 6039 male punks (out of 10,000) is a rare commodity in NFT circles.

On the other hand, Punk #4458 was claimed forfreeby 0x6f4a2d, the former owner, in 2017. Moreover, the punk got the bid of 39 ETH ($96,842) yesterday. Unfortunately, they seemed to have rejected the offer before finally selling it this morning.

Such deals are a big step for the comparably small NFT sector. Consequently, it is accounting for less than 2% of the entire crypto market. However, NFTs estimated less than $50 million in sales in 2019. But, 2020 noticed over $250 million total sales.

Lastly, the hype increased even further in 2021. As a result, data showing over $100 million worth of NFT art exchanged hands in the past 30 days alone.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.