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NFT investor Buys CryptoPunk for $170,000

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$170,000 on a JPG file.

That’s how much Gmoney paid for a CryptoPunk NFT in January. He prefers anonymity and is known only by his internet persona.

“But why?” you may ask. Why did I buy a 24×24 image? “What value does this photograph have?” Go money.

NFTs are e-assets They can be pixelated characters like CryptoPunks, or anything online like art, collectibles, or memes. Each NFT is coded on a public online ledger called a blockchain, which tracks each transaction.

The assets and technology have long-term value to NFT investors. Like any investment, they expect their NFTs to grow over time.

Source – CNBC


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