A sale of millions of dollars, happening after a long time, has given hope to NFT investors.
The NFT industry, which was once at the center of the previous bull market, was left to its fate after the bull market ended. Even the most valuable NFT collections such as Bored Ape Yacht Club (BAYC) experienced a decrease in prices from hundreds of Ethereum to 15-20 Ethereum.
However, a sale that recently took place has given hope to the NFT market. A piece of the CryptoPunks NFT collection was sold for 16 million dollars.
According to OpenSea data, piece number 7804 from the CryptoPunks collection was sold on March 20 to an address named 0x9bc from the user “peruggia-v.eth” for 16 million dollars or 4,850 ETH. The previous owner had purchased the NFT for 7.5 million dollars or 4,200 ETH in 2021.
This sale goes down in history as the second most valuable sale of CryptoPunks. The previous owner of the NFT, peruggia-v.eth, commented on the matter, expressing that the piece has found the right new owner with the right vision it deserves:
An end of an era. After looking around for over a year, I feel like I’ve found the right buyer with the right vision to elevate this asset properly
Another CryptoPunks piece was sold at the beginning of March for 16.03 million dollars or 4,500 ETH.
