- Nine rare Cryptopunks sold for $16.9 Million at the auction house.
- All 9 Cryptopunks are among the first 1,000, produced more in the early days for Larva Labs.
- Beeple was the first auction at Christie, which represented NFT.
Nine rare Non-fungible tokens of Cryptopunks have been sold for nearly $17 Million at Christie’s auction house on Tuesday.
CryptoPunks was launched in 2017 by Larva Labs as one of the first NFT on the Ethereum blockchain and was limited to 10,000 tokens.
Moreover, the NFT represents pixel-art portraits each having unique features. They are generated algorithmically mostly with hairstyle, sunglasses, and some with clear heads.
#AuctionUpdate 9 rare CryptoPunks from Larva Labs’ own collection makes history realizing $16,962,500 pic.twitter.com/qsPs5nqVYY
— Christie’s (@ChristiesInc) May 12, 2021
Besides, Christie’s have joined hands with SaveArtSpace for representing Cryptopunks in public places of New York. This public exhibition is featuring 193 CryptoPunks for a month-long.
Adding to the team up with SaveArtSpace, a non-profit and urban art proponent, CamSoda also jumps on the Cryptopunk bandwagon.
Furthermore, an auction of Cryptopunk #7060 to be held on Thursday, where attendees should deposit about $1 worth crypto assets into their CamSoda account to participate.
Daryn Parker, vice president of Camsoda states
“At this moment we are amidst a NFT gold rush. NFT’s are crypto’s most blazing venture space so far in 2021, with millions in trades and rare collectibles like Cryptopunks selling in sums”
Not the First Time at Auction House for NFT
This is the second time for NFT’s to be sold at Christie’s auction house, where the first time an artwork representing NFT was sold.
In February, Christie auctioned a digital NFT artwork known as “Beeple” sold for more than $69 million.
More so, the artwork representing NFT was done by digital artist Mike Winklemann known as Beeple’s “Everydays – The first 5000 days” which is a collage of 5,000 images made one-per-day.
