There is a coin called the CryptoPunk.
Larva Labs is part of the CryptoPunk group.
Huge money continues to pour into digital collectibles.
A rare ape NFT, called CryptoPunk, sold for about $10.26 million. The Thursday transaction was one of the largest ever.
Users can buy and sell NFTs on online marketplaces. They use the same technology as cryptocurrencies to keep a record of ownership.
The price tag is due to the fact that the NFT is one of only 24 ape CryptoPunks that have 10,000 characters.
Most "Punks" on the NFT marketplaces sell for between $350,000 and $500,000.
Different prices can be found for different attributes. The cost of hoodies, beanies, helmets on a character varies, as do the species.
Jay-Z, Gary Vee, and Serena Williams are just a few of the celebrities who own images from the collection.
A major shareholder of DraftKings paid $11.75 million for a picture of an alien wearing a medical mask.
NFT sales have had a breakthrough year in 2021, with total sales volume increasing to $12 billion. NFT sales hit $292 million last week.
Business Insider has an original article.
