Recently, it’s become abundantly clear that parts of the stock market are slowing to a crawl.
But one piece of crypto art defied the bear market trends by selling for the fourth-highest-ever sale of an NFT.
NFT producers have worried at the signs of an impending bear market as people begin to contract spending from growth to need, but the sale of CryptoPunk NFT 2924 is giving hope across the crypto world.
Sold by NFT collector speed phrase, CryptoPunk 2924 went for 3,300 ETH, which translates to about $4.5M. This makes it one of the highest NFT sales since February 2022, when Punk 8522 sold for 8,000 ETH ($24M).
This comes after the March 2022 purchase of CryptoPunks from Larva Labs by none other than Bored Apes Yacht Club’s Yuga Labs.
CryptoPunk NFTs were king until the BYAC crowd challenged them for supremacy, and the sale amidst the economic downturn could be the start of a resurgence for the OG NFTs.
Crazy to see this still happening & showing crypto is alive.
NFT is dead. It’s only the super wealthy who are bored buying now.
IMO NFT s are probably the stupidest scheme I have seen since Bernie Madoff. Good luck fools. Try working for a living
Nobody works for a living. Covid forced everyone to work from home now nobody takes showers. Well at least in Toronto lol
Tell you non working friends hygiene is extremely important