CryptoPunk #5822 Recognized As Most Expensive NFT To Date

https://news.coincu.com/138696-cryptopunk-5822-most-expensive-nft-to-date/

According to theGuinness World Records, Cryptopunk #5822, a pixel art photo of a blue-skinned alien wearing a bandana, has become themost expensive NFT ever.

Guinness World Records, CryptoPunk #5822 has been identified as the most expensive NFT to date at 8,000 ETH (worth $23.7 million), the highest transaction price in the history of the NFT chain.

Created by Larva Labs, Crypto Punk is a collection of 10,000 composite artworks created by randomly combining items from a set of pre-rendered assets – facial features, skin color , headgear, glasses, etc. Each CryptoPunks includes a 24 pixel x 24 pixel portrait of a head.

According CryptoSlam, since its launch in 2017, CryptoPunk has recorded a total revenue of $2,406,083,059 ranking 3rd behind Axie Infinity and BAYC in revenue of NFT collections.

This year, although the NFT market showed signs of recession, this collection still managed to maintain a stable trading volume and recorded many NFTs traded at high prices. In particular, the trading volume of CryptoPunks increased significantly when it had a partnership with Tiffany & Co. to launch a unique collection of NFT necklaces for fans.