CryptoPunks NFTs sell at Christies for $16.9 million

Another huge NFT sale was made at Christie’s tonight: a collection of nine CryptoPunks was purchased for $16.9 million. It’s likely the second-largest NFT purchases ever made, behind Beeple’s $69 million sale in March (though with the notable caveat that this sale included nine separate works).

CryptoPunks were one of the earliest NFT projects, and they’ve become increasingly valuable as collector’s items. The project, created by Larva Labs in 2017, offered 10,000 small pixel-art portraits of people, zombies, aliens, and apes. Each one was algorithmically generated and features different attributes, like their hairstyle, glasses, or hat. Some traits are rarer than others, and those tend to make for more valuable CryptoPunks.

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