Nearly $400 million has been spent on CryptoPunks over the previous 30 days.
August is shaping up to be a record month for non fungible token sales with virtually $900 million spent on them over the past 30 days.
According to data from the tracking portal Nonfungible, $896 million has been spent on NFTs over the past 30 days. The quantity is very likely to exceed $900 million by the end of the month marking a new record for the burgeoning industry.
The quantity is greater than triple the previous best month for NFT sales in May when $255 million were sold. August has seen sales skyrocket and it has been largely down to CryptoPunks and Axie Infinity.
In accordance with Cryptoslam, a record $397 million in CryptoPunk sales have occurred up to now this month. The common sale value for the pixelated punks is a whopping $214,000. One of the most expensive ones ever sold was number 7523, an uncommon alien punk sporting a face mask that went for a whopping $11.5 million in a Sotheby’s public sale in June.
Earlier this week, credit card giant Visa introduced that it had bought its personal CryptoPunk for 49.5 ETH, a price slightly below $150,000 at the time of buy. Head of the crypto at Visa Cuy Sheffield said:
“With our CryptoPunk purchase, we’re jumping in feet first. That is just the start of our work on this house.”
Chinese industry outlet Wu Blockchain reported that Chinese language traders are shopping for up CryptoPunks like proverbial hotcakes. Cai Wensheng, the founder of smartphone software firm Meitu, splashed out on CryptoPunk 8236 with 125 ETH, roughly $387,000.
NFT’s have additionally been driving the adoption of the staking cryptocurrency Tezos. In accordance with a blog post earlier this year, Tezos NFT platforms have been confirmed to be attractive for artists due to low transaction charges and a more energy-efficient proof-of-stake consensus mechanism favored by eco-conscious artists.
