The market for non-fungible tokens (NFTs) is continuing strong in the fourth quarter. CryptoPunk’s CryptoPunk#4156 has sold for about £7.59 million in the project’s biggest on-chain sale. The rare ape NFT changed hands for a cool 2500 ETH.
The NFT is one of only 24 CryptoPunk apes, making it extremely rare. The Alien collection, which contains nine NFTs, and the Zombies collection, which contains 88 NFTs, are two other rare collections. The ape has had bids ranged from 0.01ETH to the 2500 ETH since @punk4156, the seller of the punk, bought it for 650 ETH in February. CryptoPunk #4156 is now up for grabs for 4160 ETH (£12.7M), awaiting its first bid at the time of publishing. A total of six NFTs have belonged to the seller.
The NFT’s rarity reflects in its value. Sold for £8.88 million at a Sotheby’s auction in June, CryptoPunk #7523 is to date the most expensive NFT ever collected. CryptoPunk #9998 was rumoured to have sold for £402 million in late October, but what actually happened was the owner sold the NFT and purchased it back again via a flash loan, much like a wash sale.
Larva Labs, the creators of CryptoPunks, being unclear about the buyer’s intellectual property and ownership rights to the punks reportedly resulted in the former owner of CryptoPunk#4156 becoming dissatisfied. The CryptoPunks project is already a billion pound collection of NFTs, with the latest figures from CryptoSlam indicating all time sales of £1.28 billion.
John Watkinson, the Canadian member of the two-man team at Larva Labs, reportedly talked about adopting Dapper Labs’ NFT License for Cryptokitties on the CryptoPunks Discord channel. Watkinson didn’t respond to @punk4156’s request for more information on twitter.
The year 2021 has been a watershed year for NFT sales, with total sales volume soaring to £9 billion.