{"id":240335,"date":"2022-05-09T12:54:00","date_gmt":"2022-05-09T12:54:00","guid":{"rendered":"https:\/\/omni48.com\/news\/death-of-the-nft-cryptopunk-bought-for-1-million-sells-for-139-000-just-6-months-later"},"modified":"2022-05-09T12:54:00","modified_gmt":"2022-05-09T12:54:00","slug":"death-of-the-nft-cryptopunk-bought-for-1-million-sells-for-139-000-just-6-months-later","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/death-of-the-nft-cryptopunk-bought-for-1-million-sells-for-139-000-just-6-months-later","title":{"rendered":"Death of the NFT? CryptoPunk bought for $1 million sells for $139,000 just 6 months later"},"content":{"rendered":"<p>Sign up for the Fortune Features email list so you don&#8217;t miss our biggest features, exclusive interviews, and investigations.Has the market for rudimentary pixelated cartoon heads already peaked? CryptoPunk #273 might not tell us definitively, but the recent massive loss from its sale is a useful data point in the broader picture. Part of one of the earliest and best-known collections that sparked the hype around digital collectibles, this non-fungible token (NFT) was launched in mid-2017 by Larva Labs as part of a set of 10,000 generated by computer&#8212;largely at random. &#8220;Inspired by the London punk scenes, the cyberpunk movement, and electronic music artists Daft Punk,&#8221; per the company, these NFTs typically fetch higher prices than many other copycats save for the Bored Ape Yacht Club (BAYC). According to CryptoPunks Bot, a Twitter account that reports on the latest bids and sales, however, the NFT changed hands on Sunday for a price of just under $139,000 after having previously sold<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sign up for the Fortune Features email list so you don&#8217;t miss our biggest features, exclusive interviews, and investigations. Has the market for rudimentary pixelated cartoon heads already peaked?. CryptoPunk<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[36,1],"tags":[],"class_list":["post-240335","post","type-post","status-publish","format-standard","hentry","category-markets","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/240335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=240335"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/240335\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=240335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=240335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=240335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}