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The average price of a CryptoPunk NFT is $188,767.12

Posted on 10/17/21 at 1:22 am
Posted by yaboidarrell
westbank
Member since Feb 2017
5424 posts
Posted on 10/17/21 at 1:22 am
CryptoPunk NFTs are basically unique avatar images traded with Ethereum (1 ETH = ~$3,850). The average sale price of a punk this year has been 48.62 ETH or $188,767.12. Who and why are people paying all that for the rights to a JPEG?!

All you OT rich baws can invest in CryptoPunks here
This post was edited on 10/17/21 at 1:33 am
Posted by stuntman
Florida
Member since Jan 2013
9142 posts
Posted on 10/17/21 at 1:32 am to
First thought; Money laundering.

Second thought; The Bidens are involved.
Posted by Rize
Spring Texas
Member since Sep 2011
15922 posts
Posted on 10/17/21 at 1:33 am to
quote:

$188,767.12


That’s what I spent on my 2022 F250 and my MBW X5M last month.
Posted by Kcrad
Diamondhead
Member since Nov 2010
55479 posts
Posted on 10/17/21 at 1:33 am to
Explain this to me like I'm skillet.
Posted by cable
Member since Oct 2018
9670 posts
Posted on 10/17/21 at 3:04 am to
I've done everything I need to do in life. I think I'll just fall asleep tonight and die.
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 10/17/21 at 6:00 am to
There's a sucker born every minute
Posted by Gr8t8s
Member since Oct 2009
2579 posts
Posted on 10/17/21 at 7:22 am to
It’s digital art and proof of ownership through blockchain. These punks are all 1/1s and unique. And scarce. That drives the value. Twitter is implementing tech now that allows you to select your avatar from a crypto wallet, along with a check that proves the NFT is yours. That tech will be driven much further.

Why do people pay millions of dollars for art? It’s all speculative and it’s also a status symbol.

That being said, I suspect many of them are used to launder crypto gains.
Posted by GO_LSU
Bywater
Member since Aug 2005
745 posts
Posted on 10/17/21 at 7:41 am to
We’re going to see musicians start minting audio NFTs of unreleased recordings.

Which OT baller going to drop 100k for a rare Lynyrd Skynyrd?
Posted by BigPerm30
Member since Aug 2011
26209 posts
Posted on 10/17/21 at 8:14 am to
My cousin has one. When he bought it for 17k, I thought he was an idiot.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35729 posts
Posted on 10/17/21 at 9:02 am to
Some retard just turned down an offer of 9.5M for one of his punks
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
17141 posts
Posted on 10/17/21 at 9:23 am to
I have no idea what all that means.

I understand what crypto is but past that, i got nothing
Posted by High C
viewing the fall....
Member since Nov 2012
54313 posts
Posted on 10/17/21 at 9:30 am to
I got mine for a smooth $100k. I laugh at these idiots paying $188k. What do you guys think?

Posted by Cjscore
Prairieville
Member since Dec 2016
593 posts
Posted on 10/17/21 at 10:53 am to


The Godfather, maybe it will be worth something some day. People are getting crazy with the NFT's.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 10/17/21 at 10:58 am to
quote:

Who and why are people paying all that for the rights to a JPEG?!


99% of nfts are going to be completely worthless soon. Market is way over saturated.

Degen apes ftw
Posted by Eternally Undefeated
Member since Aug 2008
900 posts
Posted on 10/17/21 at 12:15 pm to
quote:

Who and why are people paying all that for the rights to a JPEG?!



This is a really screwed up world that someone would expect customers to pay that much money AND that there are customers who would spend that much on insignificant stuff like this.

Posted by trilltiger
LA
Member since Nov 2007
2677 posts
Posted on 10/17/21 at 1:32 pm to
Serial numbered jpegs which may or may not still be hosted are not for me. However once pulsechain launches all your NFT’s will be copied. So you’ll have a copy on both chains. Will they be worth the same?
Posted by Beauw
Blanchard
Member since Sep 2007
3531 posts
Posted on 10/17/21 at 1:54 pm to
A fool and their money are soon parted.
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