Tag: cryptopunks

CryptoPunk's Crash: A Warning Sign for NFT 'Freedom'?

CryptoPunk's Crash: A Warning Sign for NFT 'Freedom'?

Imagine losing millions overnight. And, of course, you didn’t just lose money in an abstract market crash. Rather, you figured out that the NFT you purchased as a store of value was actually a really costly JPEG. That’s the reality one just experienced with the sale of CryptoPunk #3100. Granted,...

CryptoPunk Sold at $10M Loss: What This Means for NFTs

CryptoPunk Sold at $10M Loss: What This Means for NFTs

Just like crypto, the NFT market that at one point appeared to be a complete tidal wave has been hit hard. This is highlighted by a recent high-profile sale that has sent ripples of concern throughout the digital art and collectibles world. Just recently, one trader sold CryptoPunk #3100 (an...