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Someone just paid $11.8 million for 'CryptoPunk' NFT digital artwork

CryptoPunk #7523 just sold for $11.8 million, with the NFT (non-fungible token) purchased by Israeli entrepreneur Shalom Meckenzie.

Published Mon, Jun 14 2021 10:03 PM CDT   |   Updated Tue, Jul 13 2021 4:28 PM CDT

I don't know why, but someone has just paid $11.8 million for a non-fungible token (NFT) of a digital artwork called a CryptoPunk.

Someone just paid $11.8 million for 'CryptoPunk' NFT digital artwork 05 |

CryptoPunk #7523 is described as a "sought-after Alien variety with blue-green skin, and wearing a medical mask" according to Reuters, and was purchased with bitcoin, with the transaction taking place through Sotheby's, adding that "CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017".

Israeli entrepreneur Shalom Meckenzie, who is the largest shareholder of digital sports company DraftKings, is the one who purchased the CryptoPunk #7523 NFT. CryptoPunk #7523 was part of Sotherby's online auction Natively Digital: A Curated NFT Sale.

27 digital artists sold $17.1 million worth of NFTs during the sale, with Michael Bouhanna, a contemporary art specialist at Sotheby's telling Reuters: "We are excited to continue to explore new and interesting ways in presenting these cutting-edge works".

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* Prices last scanned on 7/27/2021 at 3:33 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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