CryptoPunk #5822 Recognized As Most Expensive NFT To Date

Guinness World Records, CryptoPunk #5822 has been identified as the most expensive NFT to date at 8,000 ETH (worth $23.7 million), the highest transaction price in the history of the NFT chain.

According to the Guinness World Records, Cryptopunk #5822, a pixel art photo of a blue-skinned alien wearing a bandana, has become the most expensive NFT ever.

Created by Larva Labs, Crypto Punk is a collection of 10,000 composite artworks created by randomly combining items from a set of pre-rendered assets – facial features, skin color , headgear, glasses, etc. Each CryptoPunks includes a 24 pixel x 24 pixel portrait of a head.

According CryptoSlam, since its launch in 2017, CryptoPunk has recorded a total revenue of $2,406,083,059 ranking 3rd behind Axie Infinity and BAYC in revenue of NFT collections.

This year, although the NFT market showed signs of recession, this collection still managed to maintain a stable trading volume and recorded many NFTs traded at high prices. In particular, the trading volume of CryptoPunks increased significantly when it had a partnership with Tiffany & Co. to launch a unique collection of NFT necklaces for fans.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News