An unknown NFT collector just spent 1050 ETH on CryptoPunk #7756. At the time of sale, the mysterious buyer paid about $3.2 million to acquire this rare 24 x 24 zombie CryptoPunk.
Although we don’t know who bought CryptoPunk #7756, OpenSea data suggests the NFT sold on April 13th and that it went from the account “Cry” to the address “362CD3.” The last recorded sale of CryptoPunk #7756 on OpenSea was two years ago for 27 ETH.
As hinted in the intro, CryptoPunk #7756 belongs to the exclusive “zombie club.” Although zombies aren’t as scarce as apes or aliens, they only account for 0.88 percent of the 10K CryptoPunks collection. NFT collectors are usually willing to pay more for zombie, alien, or ape CryptoPunks, regardless of their other traits.
Speaking of traits, CryptoPunk #7756 has the following three attributes:
- Shadow beard
- Horned rim glasses
Of these three, the do-rag is the rarest at 3 percent of the CryptoPunk collection. The other two attributes both have a scarcity score of about 5 percent. After factoring in all of these features, Rarity Sniper gives CryptoPunk #7756 a Rarity Score of 93.45 and a rank of 533 out of 10,000.
Although this $3.2 million sale is impressive, it pales in comparison to Deepak Thapliyal’s purchase of CryptoPunk #5822 for $23 million. To date, CryptoPunk #5822 is the highest-selling single CryptoPunk NFT.
According to Larva Labs’ official CryptoPunks marketplace, the current floor price for one CryptoPunk NFT sits at 63.69 ETH (or about $195,000).
CryptoPunks NFTs Still Command High Price Tags
Although hot new projects like Azuki have dominated 2022’s NFT headlines, OG collections like CryptoPunks remain highly desirable. Indeed, it’s rare not to see CryptoPunks in OpenSea’s top 20 rankings for the highest weekly trading volume.
The primary reason CryptoPunks command such high price tags is their historical status. Even the Bored Ape Yacht Club’s founder Yuga Labs admits it was inspired by Larva Labs’ groundbreaking CryptoPunks collection. Unquestionably, CryptoPunks set the template for all of today’s profile pic NFTs.
However, there are other reasons people are willing to pay millions for a CryptoPunk in 2022. Most notably, Yuga Labs bought the IP rights to CryptoPunks earlier this year. One of the first things Yuga Labs did after making this purchase was to grant IP rights to CryptoPunks NFT holders.
Also, Yuga Labs recently dropped a highly successful ad for its upcoming metaverse “Otherside.” Although there are no specifics on the “Otherside” metaverse, this ad prominently featured one CryptoPunk avatar alongside other blue-chip NFTs.
Outside of the virtual world, there are now rumors CryptoPunks could be entering the high-end jewelry market. A few weeks ago, Tiffany’s VP Alexandre Arnault revealed a physical CryptoPunk #3167 pendant on social media. Arnault also hinted Tiffany & Co. might soon offer CryptoPunks-themed jewelry to NFT holders.