Bored Ape and Crypto Punk NFTs fetched $5m in latest sales

By Raffaele Redi

Big whale investors back in the NFT Metaverse.

The Twitter banner of Cozomo de’ Medici featuring three historic portraits and a mondern art portrait                                 
The Twitter banner of NFT platform Cozomo de’ Medici, which is operated by rapper Snoop Dogg – Photo: Cozomo de’ Medici
                                

Holders of large quantities of cryptocurrencies – crypto- whales – are jumping into the non-fungible token (NFT) metaverse pool, after the price of ETH made a splash at $4,000.

Bored Ape Yacht Club (BAYC) and Crypto Punk are again contending for the top position on the non-fungible token sales chart. Two BAYC NFTs sold for a whopping $3.4m (£2.5m) while two Punks fetched $1.5m on the secondary market in the last 24 hours.

BAYC #8585 topped daily sales as it was purchased for ETH696.969, or around $2.68m, followed by Crypto Punk #273, which sold for just $1m. Only five months ago the BAYC’s token value was ETH5.9 or $24,000 and Crypto Punk #273’s was just ETH2 around two years ago

BAYC #6696 and CryptoPunk #3559 sold for around $700,000 and $500,000, respectively

The most famous Big Whales

Snoop Dogg is one of the mightiest collectors in the NFT space with more than $16.8m of NFTs and six Crypto Punks by Larva Labs in his wallet. But he is not the only one.

According to Dapp Radar, Reddit chairman Alex Ohanian currently holds $3.6m in NFTs, mostly Crypto Punks by Larva Labs. Singer Jay-Z possesses around $630,000 in NFTs, with two Punks in his wallet.

Pranksy is one of the most popular NFT traders and is joining Sotheby’s Metaverse. According to the auction house: “He has been in the NFT space for four years, during which time he has seen it grow from a group of hobbyists to an international market which enables creators to talk to their collectors directly, without the traditional boundaries inherent in the art world.

“For Pranksy, NFTs will become known as so much more than a piece of digital media, providing experiences, physical goods and more. While he advises new collectors to spend time in the space and to do their research before buying their first NFT, Pranksy has found in digital art a thriving community of creators and enthusiasts,” Sotheby’s added

Women in the metaverse

Women are jumping on the booming metaverse bandwagon. The most famous NFT collector is Paris Hilton, who also joined Sotheby’s Metaverse.

In its description of her, Sotheby’s said: “Paris Hilton is an entrepreneur and innovator, always on the cutting edge of trends, whether it be fashion, art or technology. She created her first NFT in March 2020, winning Best Charity NFT at the NFT Awards, continuing and expanding her existing charity work. Since then, she’s been collaborating with incredible artists on her exciting drops. Paris sees the NFT art market as the future and loves that artists are pushing boundaries and changing the art industry forever.”

Said Hilton: “I feel they best embody personal exploration, triumph and empowerment. These pieces are powerful and true.”

Tennis star Serena Williams is another famous female crypto enthusiast. She currently holds around $500,000 in NFTs, according to Dapp Radar.

Ethereum to US Dollar
Daily change
3856.46
Low: 3742.19
High: 4218.66

Further reading: Martha Stewart unveils her range of NFTs

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image