An extremely rare alien CryptoPunk NFT sells for 605 ETH, or $ 750,000

Amidst wild bullrun throughout the market for non-fun tickets, (NFTs), a very unusual “alien” CryptoPunk has sold today for 605 Ether, worth over $ 750,000 at today’s prices.

CryptoPunks is widely regarded as the original NFT project, released even before Cryptokitties, the blockchain-based collectibles project that drove NFTs into mainstream consciousness. CryptoPunks developers Larva Labs reports that Punks has accounted for $ 26 million in lifetime sales on their native market, and the average selling price of Punks over the past year is $ 6,199.

Each Punk has unique attributes, such as background color, accessories, and even some extremely rare features, such as an “alien” or “zombie” appearance. The Punk that sold today, # 2890, is one of nine extant Pounds.

The Punk bid was competitive throughout the past week, with DeFi 0x_b1’s megawallet-turn-Twitter personality submitting a 500 ETH bid. The Punk was last sold in July 2017 for 8 ETH, meaning the owner has returned 75x on his investment.

The new owners are a group of investors that includes FlamingoDAO, “an NFT group that supports and collects premium NFTS,” according to a Flamingo spokeswoman. FlamingoDAO’s official Twitter handle confirmed the purchase with a meme:

“It’s simple: Cryptopunks is an innovative project; it pre-dated the ERC 721 standard and crypto kitties, ”said the investment thesis spokesman. “Aliens are the rarest form of Cryptopunk and we believe the acquired Alien will be appreciated by collectors over time and mature into an iconic digital art piece.”

Crypto art collector @gmoneyNFT, who dropped 140 ETH on Punk earlier this month, thinks the alien is a great investment despite the sky-high valuation.

“I think it’s a great buy. As the world moves more digitally, the digital “flex” will become more and more important. This is how humans function in the physical world. It’s not going to change in the digital world, ”he said.

Long-standing as a secondary after-use for blockchain, sales like today show that NFTs are starting to have their day in the sun. NBA Topshot, a collectible highlights project by Dapper Labs, has proven to be hugely popular, and native Axie Infinity critics have been selling at ridiculous prices as of late too.

Some critics have called in the question that the rare sky-high prices of NFTs have been back, however, arguing that a simple digital shortage is a shaky foundation to justify a $ 750,000 sale. @GmoneyNFT dismisses these criticisms, saying that there are plenty of real-world analogs that make as much – or so little sense.

“Why would someone pay millions of dollars for an original Andy Warhol screen print when you can buy the same one online for $ 20? Why would someone buy a pair of yeezy’s for $ 300 when you can buy a fake from the same factory, made with the same materials for much less? Humans like to feel special. The origin has value. ”