Here's Why This Rare CryptoPunk NFT Just Sold For $131,847 In ETH

Here’s Why This Rare CryptoPunk NFT Just Sold For $131,847 In ETH

5 June 2023

in NFT

Reading Time: 3 mins read

June 5, 2023 3:00 PM | 1 min read

CryptoPunks are a generative art collection, and one of the first ever applications of NFTs for digital art. There are only 10,000 Punks in existence, and some of them are thought to be lost forever.

What happened: CryptoPunk #8187 just sold for 72.95 ETH (CRYPTO: ETH) ($131,847 USD). The value of CryptoPunks is typically determined by Punk’s attributes, with the hoodie, beanie, and pilot helmet traits being the most coveted. Other species of Punks (Zombies, Apes and Aliens) are incredibly rare and also sell for a premium.

Here are a list of its attributes and how many other Punks have the same trait:

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Accessory: Vr (332)
Accessory: Earring (2,459)
Type: Female (3,840)
Accessory: Hot Lipstick (696)
Accessory: Tassle Hat (178)
Accessory: Cigarette (961)
Accessory: 5 Attributes (159)

Why it Matters: Cryptopunks are the ultimate rookie card for NFT collectors. CryptoPunks have earned huge influence in 2021, with dozens of Celebrities proudly showing off their punk ownership on Twitter. Cryptopunk sales are a leading indicator for the rest of the NFT market, and go to show that some are willing to spend serious coin on blockchain based art.

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