A CryptoPunk NFT bought for $74 resurfaced after four years and just sold for cryptocurrency $2 million.(Image: https://freestocks.org/fs/wp-content/uploads/2017/07/makeup_brushes_and_eyeshadows_2-1024x683.jpg) CryptoPunk 1422 was bought four years ago for just $74.(Image: https://freestocks.org/fs/wp-content/uploads/2017/02/makeup_brush_set-1024x683.jpg) Today, NFT on October 27, the owner sold it for a whopping $2 million — an increase of over 27,000 times in value.(Image: https://edu-crypto.com/wp-content/uploads/2018/10/5541/japans-sbi-virtual-currencies-exchange-to-establish-exclusive-crypto-wallet.jpg) And, they’re not the only ones cashing in on non-fungible tokens (NFTs) catching the eye of investors this year. Earlier during the day, crypto wallet may make money CryptoPunk 8770, was sold for $1.4 million. The seller, interest NFT projects who has a bunch of DeadFellaz NFTs in his wallet as well, picked up the NFT seven months ago for a little over $100,000. With the CryptoPunk’s sale, he has booked a 15x return on his investment. It’s not just that the NFT market is booming, but that the CryptoPunk NFT project is the second biggest player in the game. With all-time sales worth $1.5 billion, the phenomenon is second only to Axie Infinity — a play-to-earn blockchain-based game that involves collecting Pokemon-type pets and getting them to battle against each other — in the NFT world. In October alone, CryptoPunks sold nine NFTs that were priced at over $1 million. NFT Original Price Price Sold Increase in value CryptoPunk 1422 $74.21 (4 years ago) $2 million 2694950% CryptoPunk 273 $ 259.93 (one year ago) $1,026,499.57 394814% CryptoPunk 9848 $ 80,244.10 (7 months ago) $1,348,773.70 1580.84% CryptoPunk 8770 $107,097.59 (7 months ago) $1,459,575.48 1262.85% CryptoPunk 4992 $ 210,298.74 (5 months ago) $1,810,588.99 760.96% CryptoPunk 4626 $ 271,564.42 (2 months ago) $1,028,438.63 278.71% CryptoPunk 4220 Unavailable $1,531,115.91 NA CryptoPunk 364 Unavailable $1,520,481.08 NA CryptoPunk 1182 Unavailable $1,109,188.90 NA. Source: Cryptoslam.io. CryptoPunks have been riding the ‘Uptober’ high. Advertisement. CryptoPunks 1422 is far from the most expensive NFT the project has sold so far. Albeit, it’s one of the more interesting stories about how HODLers — long term investors — cash in big when they eventually liquidate. The most valuable CryptoPunk is 7523. It sold for over $11.7 million when billionaire Shalom Meckenzie, the largest shareholder of DraftKings, purchased the work at Sotheby's auction in June. According to Larva Labs, the Canadian company that started the project, number 3100 and 7804 sold for over $7 million each. The company lists a total of 50 NFTs which have hit the $1 million mark so far, including nine in October. CryptoPunks isn’t the only NFT project that has made bank this year. According to nonfungible.com, NFT sales have grown by over 450% since June this year. OpenSea, Axie Infinity, CryptoPunks, Mochi Marketplace and NBA Top Shot were the five top platforms on the list. Newsletter SIMPLY PUT - where we join the dots to inform and inspire you. Sign up for interest NFT projects a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. Email address. Enter captcha. By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy.

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