CryptoPunks’ contribution to the growth of NFT
CryptoPunk’s financial impact is significant. The NFT project has generated a total of $2.8 billion in revenue. Over the past 24 hours, its value has risen by $1.25 million, an increase of 812% from the day before.
CryptoSlam data ranks the NFT project as the third highest among the top collections, behind Axie Infinity NFTswith revenues totaling $4.27 billion, and Bored Ape Yacht Club with $3.14 billion.
Interestingly, CryptoPunks has occasionally overtaken Bored Apes in terms of market capitalization. Yet this has usually happened with a small margin.
Read more: CryptoPunks Surpasses BAYC in Market Cap – NFT Plazas
The recent sale of CryptoPunk #741 highlights the rising demand for scarce NFTs and transformative industry trends, reflecting the continued vibrancy and interest of investors and collectors in non-fungible collectibles.