NFT collectible project CryptoPunks hits $1 billion in total sales volume, with Chinese photo editing app Meitu’s founder joining. Also, rumours say Alibaba co-founder Joseph Tsai, Dragonfly Capital Partners’ head, and Hong Kong actor Shawn Yue, own CryptoPunk NFTs.
CryptoPunks is a 10,000 collection of Ethereum-based NFTs, which reached a milestone to hit $1 billion in trading volume. CryptoPunks becomes the second NFT project to hit the billion-dollar mark, after the NFT game Axie Infinity. The cheapest CryptoPunk NFT now sells for $445,000.
Famed Chinese entrepreneur, Meitu’s co-founder Cai Wensheng, bought CryptoPunk NFT #8236 with 125 ETH ($400,750). Meanwhile, Bo Feng, Managing Partner of Dragonfly, bought CryptoPunk #7252 for 1,600 ETH ($5.12 million).
Previously, global payment giant Visa has bought CryptoPunk #7610 for $150,000 in Ethereum (ETH). And now, Chinese Internet investors are buying CryptoPunk one after another. Meitu founder Cai Wensheng bought CryptoPunk #8236 with 125 ETH. Feng Bo bought CryptoPunk #7252 for 1,600 ETH.
HK Actor Shawn Yue Owns CryptoPunk, Bored Ape Yacht Club NFTs
Also, rumours say Alibaba co-founder Joe Tsai owns a CryptoPunk, but there’s no strong evidence for that. Two Alibaba co-founders, Tsai and Jack Ma, back NFT gaming giant Animoca Brands via their family office Blue Pool Capital. Additionally, Animoca Brands has a large NFT investment portfolio, including popular NFT game Axie Infinity.
Wealthy Chinese investors are snapping up NFTs. Moreover, Hong Kong actor Shawn Yue has updated his Instagram profile picture with a CryptoPunk NFT #2886. According to OpenSea, the last selling price was at 120 ETH in mid-July ($253,200 at the time).
Meanwhile, NFT project Bored Ape Yacht Club (BAYC) is riding on the NFT mania. Lately, NBA star player Stephen Curry updates his Twitter profile picture with a BAYC NFT. The three-time NBA champion picks up the NFT for 55 ETH ($180,000).
Bored Ape Yacht Club NFTs are surging in popularity in the Asia market. Celebrities who have BAYC NFTs reportedly include: Taiwanese singer Stanley Huang, actor Venness Wu, Kai Ko, among other major influencers in the region.
The content of this webpage is not investment advice and does not constitute any offer or solicitation to offer or recommend any investment product. It is for general purposes only.
Amid China’s Bitcoin mining crackdown, Russian President Vladimir Putin publicly supports the existence of Bitcoin (BTC) and cryptocurrencies. This echoes with Morgan Stanley CEO James
Cryptocurrency exchange FTX launches an NFT marketplace FTX NFT for American customers, focusing on the Solana NFT projects. FTX NFT will directly compete with OpenSea
The NFT craze returns! Following Sotheby’s auction, NFT project Bored Ape Yacht Club (BAYC) plans to issue its own token next year. Crypto collectible NFT
Shiba Inu Coin (SHIB) is the latest market hit! The ‘Doge Killer’ Coin is now ranking among the world’s top 20 cryptocurrencies by market cap.
SEC chairman Gary Gensler announced the cryptocurrency regulatory framework will cover stablecoins, exchanges, and almost all decentralized exchange (DEX) platforms! The SEC will not ban
U.S. regulators are targeting stablecoins! Circle, stablecoin USDC’s issuer, is under investigation by the SEC. The investigation likely has to do with the US regulation