Tuesday, September 28

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Visa purchases CryptoPunk NFT for $150,000 as it gets involved in the booming digital-collectibles market

Alexi Rosenfeld/Getty Images Visa made its first foray into the digital-collectibles market by purchasing CryptoPunk 7610 for around $150,000. The payments giant made the purchase on August 18 for 49.5 ether. Visa said by purchasing an NFT, it is "jumping in feet first" to help its clients understand the space better. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Visa recently made its first foray into the digital-collectibles market by purchasing CryptoPunk 7610, its first non-fungible token, for around $150,000, according to an announcement Monday.The payments giant made the purchase on August 18 for 49.5 ether, according to Larva Lab, the team behind CryptoPunks."What began as an early artistic experiment has quickly become a cultural icon for the c...