MoonPay Buys CryptoPunk For $3M Worth of ETH

MoonPay – a fintech fee infrastructure supplier – lately purchased a zombie-themed CryptoPunk for over $3 million. The firm usually operates as a intermediary for superstar NFT purchases, leaving many to take a position which high-profile determine is behind the purchase.

Yesterday at 11:52pm UTC, MoonPay bought the NFT for 900 ETH. With ETH value $3,406.48 on the time, that’s a $3,065,832 purchase.
MoonPay launched a tweet shortly afterward selling followers to “guess” who the acquisition was for. Fan predictions ranged from NBA gamers to Gordon Ramsey.
The NFT – CryptoPunk #2681 – is only one of 88 obtainable ‘zombie’ punks, making it particularly worthwhile to collectors. The punk’s final main sale got here from maxand98 for 277 ETH, which was $542,219.19 on the time.
In November, Jimmy Fallon –host of The Tonight Show – revealed that he purchased a Bored Ape NFT by way of MoonPay. Post Malone made the same transfer the identical month.
To kickoff 2022, Eminem additionally bought a Bored Ape for over $400k. The standard assortment has generated over $1 billion in gross sales on OpenSea.
NFTs should not solely changing into a preferred cultural icon amongst such artists, but additionally a device for producing income. For instance, Nas plans to promote the possession rights for 2 of his songs by way of NFTs, from which he and different homeowners will revenue from their use.