Zombie CryptoPunk #7756 NFT Sells For $3.2 Million

An unknown NFT collector just spent 1050 ETH on CryptoPunk #7756. At the time of sale, the mysterious buyer paid about $3.2 million to acquire this rare 24 x 24 zombie CryptoPunk.

While we don’t know who bought CryptoPunk #7756, OpenSea data suggests that the NFT was sold on April 13 and moved from the “Cry” account to the “362CD3” address. The last recorded sale of CryptoPunk #7756 on OpenSea was two years ago for 27 ETH.

As suggested in the intro, CryptoPunk #7756 belongs to the exclusive ‘zombie club’. While zombies aren’t as scarce as monkeys or aliens, they only make up 0.88 percent of the 10K CryptoPunks collection. NFT collectors are usually willing to pay more for zombie, alien or monkey CryptoPunks, regardless of their other properties.

Speaking of features, CryptoPunk #7756 has the following three features:

  • Do-Rag
  • shadow beard
  • horned rim glasses

Of these three, the do-rag is the rarest with 3 percent of the CryptoPunk collection. The other two characteristics both have a scarcity score of about 5 percent. After taking all these features into account, Rarity Sniper gives CryptoPunk #7756 a rarity score of 93.45 and a rank of 533 out of 10,000.

While this $3.2 million sale is impressive, it pales in comparison to Deepak Thapliyal’s purchase of CryptoPunk #5822 for $23 million. To date, CryptoPunk #5822 is the best selling single CryptoPunk NFT.

According to Larva Labs’ official CryptoPunks marketplace, the current minimum price for one CryptoPunk NFT is 63.69 ETH (or about $195,000).

CryptoPunks NFTs Still Have High Price Tags

While hot new projects like Azuki have dominated the NFT headlines of 2022, OG collections like CryptoPunks remain highly desirable. Indeed it is rare not to see CryptoPunks in OpenSea’s top 20 for highest weekly trading volume.

The main reason why CryptoPunks carry such high price tags is their historical status. Even Bored Ape Yacht Club founder Yuga Labs admits it was inspired by Larva Labs’ groundbreaking CryptoPunks collection. Undoubtedly, CryptoPunks has set the template for all profile picture NFTs today.

However, there are other reasons why people are willing to pay millions for a CryptoPunk in 2022. Most notably, Yuga Labs bought the IP rights to CryptoPunks earlier this year. One of the first things Yuga Labs did after this purchase was to grant IP rights to CryptoPunk’s NFT holders.

Also, Yuga Labs recently placed a very successful ad for the upcoming metaverse ‘Otherside’. While there are no specifics about the “Otherside” metaverse, this ad featured a prominent CryptoPunk avatar alongside other blue-chip NFTs.

Outside of the virtual world, there are now rumors that CryptoPunks could enter the high-end jewelry market. A few weeks ago, Tiffany’s VP Alexandre Arnault unveiled a physical CryptoPunk #3167 pendant on social media. Arnault also hinted that Tiffany & Co. could soon be offering CryptoPunks themed jewelry to NFT holders.

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