• Home
  • NFT
  • Metaverse
  • Cryptocurrency
No Result
View All Result
  • Home
  • NFT
  • Metaverse
  • Cryptocurrency
No Result
View All Result
No Result
View All Result
Home NFT

Ukraine Sells Donated CryptoPunk NFT for $100,000

admin by admin
June 25, 2022
in NFT
0 0
0
Ukraine Sells Donated CryptoPunk NFT for $100,000
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter


Ukraine’s crypto wallet has officially sold the CryptoPunk NFT which it received back in March as part of the country’s crypto fundraising campaign. The sale of the Punk was announced earlier this week by Alex Bornyakov, the country’s deputy minister of digital transformation, wherein he stated that the Punk in question, no. #5364, was sold for 90 ETH (around $100,000) to an anonymous buyer.

Although $100,000 will certainly aid in Ukraine’s defense against invading Russian forces, the current bearishness of the NFT market has meant that the country has been unable to cash in on the Punk when it was at its most profitable (nor would it have been able to do so any time soon).

In-fact, according to DeepNFTValue, a blog which uses machine learning to estimate prices of rare NFTs,  the Punk was originally worth $233,000 when it was transferred to Ukraine’s crypto wallet back at the start of March (when the price of ETH was sitting at around $2,700), meaning less than half of its expected value has been captured through its recent sale. 

Despite the bear market hindering Ukraine’s crypto-oriented profit maximization efforts, the country has still been able to raise more than $135 million via crypto and NFT donations since February, with the highlight of such endeavour being the sale of a single Ukraine flag NFT for $6.75 million. 

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Team Writer. 100% Non-Fungible.





Source link

Previous Post

China Media Warning: Bitcoin is going to Zero

Next Post

This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

admin

admin

Next Post
This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
CoinShare CSO: BTC will hit an all-time high in 24 months

CoinShare CSO: BTC will hit an all-time high in 24 months

July 13, 2022
This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

June 25, 2022
Interview with Coin Of The City NFT

Interview with Coin Of The City NFT

May 2, 2022
Ukraine Sells Donated CryptoPunk NFT for $100,000

Ukraine Sells Donated CryptoPunk NFT for $100,000

June 25, 2022
Reshaping & Innovating the Music Industry Through NFTs

Reshaping & Innovating the Music Industry Through NFTs

0
Fixing Broken Gamenomics: How to End Infinite Selling Pressure in P2E Gaming Economies

Fixing Broken Gamenomics: How to End Infinite Selling Pressure in P2E Gaming Economies

0
CryptoArt Sundays: Interview with Bushra Khan

CryptoArt Sundays: Interview with Bushra Khan

0
Big Time Readies Early Access for Gold VIP Pass Holders

Big Time Readies Early Access for Gold VIP Pass Holders

0
ZE23 to Shift Social Media Economics with User Reward System

ZE23 to Shift Social Media Economics with User Reward System

June 25, 2025
Deadfellaz Tease ‘Smol’ Addition To Their Growing Ecosystem

Deadfellaz Tease ‘Smol’ Addition To Their Growing Ecosystem

June 24, 2025
Web3 MMORPG MapleStory N Bans Thousands of Abusers Daily

Web3 MMORPG MapleStory N Bans Thousands of Abusers Daily

June 23, 2025
BAYC Teases Samurai-Themed Artwork, Sparking Speculations

BAYC Teases Samurai-Themed Artwork, Sparking Speculations

June 20, 2025

Recommended

ZE23 to Shift Social Media Economics with User Reward System

ZE23 to Shift Social Media Economics with User Reward System

June 25, 2025
Deadfellaz Tease ‘Smol’ Addition To Their Growing Ecosystem

Deadfellaz Tease ‘Smol’ Addition To Their Growing Ecosystem

June 24, 2025
Web3 MMORPG MapleStory N Bans Thousands of Abusers Daily

Web3 MMORPG MapleStory N Bans Thousands of Abusers Daily

June 23, 2025
BAYC Teases Samurai-Themed Artwork, Sparking Speculations

BAYC Teases Samurai-Themed Artwork, Sparking Speculations

June 20, 2025

About Us

We bring you the latest NFT News and update from all around the Internet!

Categories

  • Cryptocurrency
  • Metaverse
  • NFT
No Result
View All Result
  • Home
  • NFT
  • Metaverse
  • Cryptocurrency

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist