Tag: digitalart

Thus, CryptoPunk #3100 was flipped for a $10 million loss. Instead of thinking through this development, headlines scream “NFT crash!” “The end is nigh!” Let's pump the brakes. This isn’t a eulogy for NFTs, but rather a long-overdue, free market smack upside the head. Think of it like this: remember...

Alright, now let’s break down this CryptoPunk #3100 sale. $10 million gone. Vanished. Poof. It would be easy to blow it off as business as usual in the wild west of crypto. It does indeed seem like an early warning canary in a coal mine. A very expensive, pixelated canary....

Let's be blunt: the recent NFT market downturn, punctuated by stories like the $10 million loss on that Alien CryptoPunk, isn't a market failure. As far as we’re concerned, this is a wake-up call. It’s a blaring siren for anyone looking to get rich quick by randomly investing in JPEGs....

The NFT marketplace, not so long ago a sizzling hotbed of digital art and collectibles, has since cooled down significantly. It has had a very rocky past. At the same time, one recent high-profile sale underscored just how volatile this space can be. CryptoPunk #3100, one of the nine coveted...

The news is buzzing: some poor soul just took a $10 million bath on a CryptoPunk. Bought high, sold low, the classic tale. This isn’t only the story of one dude’s tough luck. Behind this symptom is something much more nefarious. It brings attention to a broken scam made to...

OpenSea, the largest decentralized marketplace for non-fungible tokens (NFTs), has announced plans for its own token, SEA, alongside significant updates to its platform. The move comes as the platform introduces a new points system centered on user activity, loyalty, and past contributions, aiming to enhance user engagement and reward its...

The recent sale of CryptoPunk #3100 incurred a loss of almost $10 million for the seller. The sale highlights the volatile nature of NFT investments, particularly when tied to the fluctuating value of cryptocurrencies like Ethereum (ETH). The shocking loss comes as a result of ETH’s value crashing quickly. This...

Somebody just made $10 million on a CryptoPunk disappear. Let's be clear: while I might feel a tiny sliver of sympathy, the bigger picture is far more important than one person's misfortune. This isn’t an unfortunate trade deal gone wrong, it’s the entire game rigged against American workers. This particular...

CryptoPunk #3100, one of the rarest NFTs from the famous CryptoPunks collection, has been resold for 4,000 ETH. This one transaction has now cost the former owner well over 10 million dollars. In addition to that 16 million dollar initial purchase price, this NFT sale illustrates how the NFT market...

As much as one year after he purchased CryptoPunks #3100 for 4,500 ETH – the equivalent of about $16 million at the time – Non-Fungible Token (NFT) whale sold it recently for 4,000 ETH. That’s the same as $6.04 million. This transaction ended up being a huge loser—it cost the...