Crypto Punks Continue Mainstream Interest Stemming From Visa and Odell Beckham Jr. Purchases

Crypto Punks enjoying limelight as stars flood in to make bids and claim some of the first ever NFTs.

By
Dardania Havolli
on
August 24, 2021
Category:
Blockchain News

Historic Crypto Punks Continue to Command Attention

High profile figures and even established institutions are making their Crypto Punk purchases public. Some are even showing off on Twitter with the punks as an item of grandeur.

One of the world’s biggest sports stars, NFL Wide Receiver Odell Beckham Jr, appeared on crypto channel UpOnly TV, confirming and discussing his latest purchase. The global payment company, Visa, also verified their purchase of an elusive Crypto Punk, which went through on August 18th.

“Over the last 60 years, Visa has built a collection of historic commerce artifacts - from early paper credit cards to the zip-zap machine,” the esteemed organization tweeted. “Today, as we enter a new era of NFT-commerce, Visa welcomes CryptoPunk #7610 to our collection.” 

The general public has always been interested in the investments the upper echelons of society make. After all, how those who have earned a lot choose to invest their profit is usually indicative of a trend’s direction.

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With organizations and high-profile stars choosing to purchase Crypto Punks, there seems to be a clear indication of the direction the value of these particular NFTs are heading.  

Visa, are openly interested in enhancing knowledge regarding crypto and the NFT space. They recently pieced together a research document titled ‘NFTs: Engaging Today’s Fans in Crypto and Commerce,’ which outlined their interest and found in its conclusion that: 

“Commerce is evolving, and innovations such as crypto and NFTs are likely to shape sports, entertainment, and other communities going forward. NFTs represents a deeper and more innovative way for fans to engage and potential new revenue streams for organizations.”
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What Are Crypto Punks?

Trendsetters and one of the first constructed NFT collections, Crypto Punks, are 10,000 unique collectible characters. The figures, ranging from humans, zombies, apes, and aliens, are stored on the Ethereum blockchain.

Crypto Punks have gone on to inspire NFTs across all chains. There are even direct rifts on competing chains such as Solana and Binance Smart Chain - SolPunks and Bunks.

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With mentions on a host of hugely influential media like CNBC, The Financial Times, Bloomberg, The Paris Review, and The New York Times both in 2018 and 2021, Crypto Punks have established a reputation.

The market shows no signs of slowing for Crypto Punks as established institutions and high-profile figures continue to express interest and put forward bids.

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Dardania Havolli

Dardania is an experienced researcher, editor and writer who is currently completing his PhD in Creative Writing. He is passionate about blockchain technology and the impact it will go on to have on our lives.

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