{"id":57634,"date":"2022-02-13T10:07:04","date_gmt":"2022-02-13T08:07:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57634"},"modified":"2025-09-04T12:41:02","modified_gmt":"2025-09-04T09:41:02","slug":"cryptopunks-nft-sells-for-a-record-23-7-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cryptopunks-nft-sells-for-a-record-23-7-million\/","title":{"rendered":"CryptoPunks NFT sells for a record $23.7 million"},"content":{"rendered":"<p>The chief executive of infrastructure company Chain, Dipak Thapliyal, purchased the CryptoPunk NFT <a href=\\\"https:\/\/www.larvalabs.com\/cryptopunks\/details\/5822\\\">#5822<\/a> for 8,000 ETH (~$23.7 million). The purchase was the largest in the Larva Labs collection&#8217;s history.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"und\\\" dir=\\\"ltr\\\">\ud83d\udc7d <a href=\\\"https:\/\/t.co\/lQg6DzSttr\\\">pic.twitter.com\/lQg6DzSttr<\/a><\/p>\n<p>\u2014 Deepak.eth \u26d3 (@dt_chain) <a href=\\\"https:\/\/twitter.com\/dt_chain\/status\/1492601061919666179?ref_src=twsrc%5Etfw\\\">February 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>Thapliyal wrote on Twitter that he used a loan on the lending platform Compound to finance the purchase. He said this allowed him to acquire the NFT without selling cryptocurrency.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Thanks to <a href=\\\"https:\/\/twitter.com\/compoundfinance?ref_src=twsrc%5Etfw\\\">@CompoundFinance<\/a> I am able to still HODL <a href=\\\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\\\">#ETH<\/a> while buying this. Basically Long\u2019d ETH to punk-in \ud83d\udc7d. <a href=\\\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\\\">#DeFi<\/a> FTW<\/p>\n<p>\u2014 Deepak.eth \u26d3 (@dt_chain) <a href=\\\"https:\/\/twitter.com\/dt_chain\/status\/1492602639506362373?ref_src=twsrc%5Etfw\\\">February 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>A researcher using the handle interlunations <a href=\\\"https:\/\/twitter.com\/interlunations\/status\/1492637921320398849?s=20&#038;t=PCHsbJBmzuRFi1zoRgdoYg\\\">suggested<\/a> that the purchase may have been financed by Chain. He noted that the cryptocurrency allegedly used to back the loan arrived at Thapliyal&#8217;s wallet from an address labeled on Etherscan as \u00abChain: Team Wallet 2\u00bb.<\/p>\n<p>\\n\\n<\/p>\n<p>The CryptoPanks collection was launched by Larva Labs in 2017. It comprises 10,000 NFT images at 24&#215;24 pixels. Initially, many tokens of the project were distributed for free.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, a rare token from the <a href=\"https:\/\/u1f987.com\/en\/news\/rare-cryptopunk-nft-sold-for-2501-eth\"> collection was sold for 2,501 ETH<\/a> (more than $7.8 million at the time).<\/p>\n<p>\\n\\n<\/p>\n<p>In February 2022, Sotheby\u2019s <a href=\"https:\/\/u1f987.com\/en\/news\/sothebys-to-auction-104-cryptopunks-nfts\">announced the auctions<\/a> at which a set of 104 CryptoPunks NFTs would be exhibited. The event is scheduled for February 23.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 news on cryptocurrencies, prices, and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dipak Thapliyal, CEO of infrastructure company Chain, purchased the CryptoPunk NFT #5822 for 8,000 ETH (~$23.7 million). The purchase was the largest in the Larva Labs collection&#8217;s history.<\/p>\n","protected":false},"author":1,"featured_media":57635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1432,1213],"class_list":["post-57634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptopunks","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57634"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57634\/revisions"}],"predecessor-version":[{"id":57636,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57634\/revisions\/57636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57635"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}