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CRYPTOVERSE

Visa Just Bought a CryptoPunk: What's the Big Deal?

One CryptoPunk can be worth millions, but what does this all mean when financial giant Visa enters the NFT space by purchasing one of its own?

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Featuring Elaine Ly & Ash Bennington

Aug 24, 2021 • 7 minutes

The character is CryptoPunk #7610. She's got a brown mohawk, green eyes, and red lips. The CryptoPunk collection consists of 10,000 characters, all rendered in a 24x24 pixel, 8-bit-style, developed by the American studio Larva Labs. One CryptoPunk can be worth more than 10 million — but what does it all mean when financial giant Visa enters the NFT space by purchasing a CryptoPunk worth around $150,000 dollars? Real Vision's Elaine Ly speaks with senior crypto editor Ash Bennington on how this will affect the NFT space going forward.

In the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.

In the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.

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