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Report: The Market Cap Of CryptoPunks NFTs Is Close To $2 Billion
Summary: The total market value of CryptoPunks NFT series (10,000 in total) is close to $2 billion, as shown in the latest report from the Institute for the Future of Nicosia University (IFF). IFF researchers analyzed the CryptoPunks sales data from January 1, 2021. By May 9, the total price of this series of NFTs was ...
The total market value of CryptoPunks NFT series (10,000 in total) is close to $2 billion, as shown in the latest report from the Institute for the Future of Nicosia University (IFF).
IFF researchers analyzed the CryptoPunks sales data from January 1, 2021. By May 9, the total price of this series of NFTs was 476,113 ETH, bring the total value to $1.95 billion.
The university’s CEO, Antonis Polemitis, pointed out that NFTs are already a multi-billion dollar industry, partly because of the pioneering work of Larva Labs, the creator of CryptoPunk. NFTs will gradually expand from artists and collectibles to a wide range of assets, services, and communities.
The report also mentioned that by 2030, the market size of NFTs will reach trillions of dollars.
By Mary Liu
Tags: CryptoPunks,NFT
Link: Report: The Market Cap Of CryptoPunks NFTs Is Close To $2 Billion [Copy]
