CryptoPunks return to dominate Non-Fungible Token (NFT) sales in 2023

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Sales of the legendary CryptoPunks are returning to dominate the Non-Fungible Token (NFT) scene in 2023 that has just begun. In the previous day, CryptoPunk #9788 was sold for 90 ETH, the equivalent of nearly $147,000.

CryptoPunks dominate the Non-Fungible Token (NFT) scene, along with Bored Ape Yacht Club (BAYC)

Reports by data from NFTGo, the legendary CryptoPunk collection is dominating the Non-Fungible Token (NFT) market scene, with a total market cap that, at the time of publication, stands at nearly 825 ETH, the equivalent of greater than $1.7 billion. 

And yes, precisely in the last 24 hours, CryptoPunk #9788 was sold at 90 ETH, nearly $147,000, while CryptoPunk #2595 was sold at 66.69 ETH

Next in the ranking by market cap is Yuga Labs’ Non-Fungible Token (NFT) collection, Bored Ape Yacht Club (BAYC), with a total market capitalization of 801 ETH, the equivalent of $1.6 billion. 

Here as well, in the previous day, there have been mind-boggling sales such as BAYC #1556 for 145 ETH, the equivalent of nearly $237,000, and BAYC #2526 for 120 ETH, the equivalent of $204,250. 

Speaking of which, if we look at the rankings by sales volume (as opposed to market cap), at the time of publication it is the BAYC collection that is in 1st place, followed by CryptoPunks

CryptoPunks: the Non-Fungible Token (NFT) market begins 2023 in the green thanks in part to Blur

The Non-Fungible Token (NFT) market, captained by CryptoPunks, has definitely decided to begin 2023 in green, with increases in sales compared to December 2022.

As Delphi Daily notes that with its tweet, the Dune Analytics data likewise mention increases in sales volume in 2023 by one particular Non-Fungible Token (NFT) marketplace: Blur. 

In reality, as of 2 January 2023, Blur informed a total sales volume of greater than $98 million, even surpassing OpenSea’s $97 million. 

Blur was launched on 19 October 2022 and is an Non-Fungible Token (NFT) aggregator, where users can compare Non-Fungible Token (NFTs) across marketplaces and manage portfolios with advanced analytics and buy their Non-Fungible Token (NFTs). Compared to GEM’s marketplace, on Blur, users can sweep and snipe Non-Fungible Token (NFTs) 10 times faster. 

The renewed interest in Profile Picture (PFP) NFTs

What is happening in this newly started year seems to be a renewed interest in Profile Picture Non-Fungible Token (NFTs) (or PFPs) with Ethereum-based ones such as CryptoPunks gaining the most traction. 

CryptoPunks are the unique 24×24 pixel, 8-bit style avatar and represent a tokenized image. They are regarded as a work of art and a new type of investment tokenization that has evolved invaluable in the Non-Fungible Token (NFT) market. 

The collection features 10,000 pixelated, punk-looking images depicting male and female characters, likewise as those imitating zombies, monkeys, and aliens. Each punk is one-of-a-kind and is sold either by individual owners on the secondary market or on auction houses such as Christie’s and Sotheby’s. 

In 2021, the year of the Non-Fungible Token (NFT) explosion, there are numerous new entrants to the industry who have procured a CryptoPunk. Among the numerous was the electronic payments giant, VISA, which had purchased the Non-Fungible Token (NFT) CryptoPunk 7610 at 49.50 Ethereum (ETH), which at the time was the equivalent of $150,000. 


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