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re: The average price of a CryptoPunk NFT is $188,767.12
Posted on 10/17/21 at 7:22 am to yaboidarrell
Posted on 10/17/21 at 7:22 am to yaboidarrell
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.
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.
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