From the corridors of Christie’s Auction House comes this interesting piece of information concerning some NFT CryptoPunks tokens.
On Wednesday, 9 NFT Crypto tokens sold at $17 million at Christie’s, a famous New York Auction House. The ability of these tokens to earn millions of dollars is contradictory to the expectation of many on the NFT CryptoPunks.
While reacting to this tremendous breakthrough, some Twitter users concluded the sales as a game of bargain for the winning bidder.
Reason Behind Huge Auction of CryptoPunks
After the launch of CryptoPunks in 2017, it has only 10,000 limited tokens. Getting some motivation from the London punk movement, the NFTs showcase portraits of outstanding features. Some of these portraits were of sunglasses, hairstyles, and jewelry. These portraits were randomly selected for the display.
Before the auction, a collaboration between Christie’s and SaveArtSpace facilitated the presentation of CryptoPunks in New york’s public spaces. SaveArtSpace is an urban art proponent and is a non-profit organization.
This prompts Christie to cash on the collaboration and makes a public exhibition. Up to 193 CryptoPunks are to be displayed in this public exhibition which covers from the 10th of May to the 16th of June. The exhibition is an extended similarity to the recently concluded CryptoPunks Miami exhibition in April.
What Lies Ahead After Such Great Achievement
Following its tremendous breakthrough, other investors are getting attracted and are declaring their interest in CrytoPunks. One of such investors is CamSoda, an adult streaming platform. It made its declaration known that it’s planning on staging another live auction of CryptoPunk on Thursday.
According to its announcement, there will be no reservation in the auction. Also, it makes a demand for a compulsory deposit of crypto assets whose worth is at least $1 from every attendee. The deposit must be made into the attendee’s CamSoda account, and it serves as a guarantee for the person to participate.
Stating his opinion on the whole CryptoPunk saga, Daryn Parker, the CamSoda vice president, confirmed that NFT had created a gold mine for interested investors to mine from. He said that their crypto tokens prove to be the best form of investment for the year 2021 now.
There are several of them available in trade, and their worth is also amazingly high. Concluding his speech, Mr. Parker said that his organization is striving to inculcate the users to partake and earn from the unlimited opportunity which CryptoPunks have created, having taken over the mainstream of crypto zeitgeist.
This proves that the CryptoPunks are loaded with much-untapped potentials that every user or trader cryptocurrency should never relegate. Recall that Christie’s made an auction of NFT artwork that became famous in February.