Visa Enters the NFT Space with Purchase of CryptoPunk 7610

Michael Caloca / ONE37pm

On the morning of August 23rd, Visa announced on Twitter that they are stepping into the world of NFTs by acquiring a CryptoPunk for 49.5 ETH ($149,939). Their purchase of CryptoPunk 7610 is one of 3840 female punks in a collection of 10,000 Cryptopunk avatars. Other celebrities recently joined the Cryptopunk community, including JayZ, OBJ, Logan Paul and FaZe Banks. In addition, major auction houses like Sotheby’s and Christie’s both sold CryptoPunks for record sales prices. The highest sale of a CryptoPunk to date is one of the 9 alien punks that sold for 4200 eth ($7,570,000).

In their Twitter announcement, Visa stated that they have built a collection of historic commerce artifacts and that this purchase signifies a new era of NFT-commerce.

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