Tuesday, September 28

NFT sales

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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...
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NFTs are skyrocketing and everyone from Katy Perry to the NBA is selling them-but they’ve got a long way to go before they really go mainstream, Rarible’s co-founder says

NICOLAS ASFOURI / Contributor/ Getty Images Despite the buzz, NFTs have a long way to go before becoming mainstream, Rarible cofounder Alex Salnikov said. They have to become more affordable and accessible, and companies figure how they might appeal to consumers, he told Insider. Interest in the digital assets has skyrocketed, prompting celebrities and leading corporates to put out their own NFTs. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Non-fungible tokens have skyrocketed in price and popularity this year, as celebrities and major companies jump onto the hype, but they have a long way to go before really reaching the mainstream, according to Rarible cofounder Alex Salnikov.To do that, NFTs have to become more affordable and accessible, and co...