CryptoPunk sells for $2.6M: Nifty Newsletter, July 13–19

cointelegraph.com:

In this week’s newsletter, read about the most expensive CryptoPunk sale in 30 days. Check out the report that predicts the growth of the NFT market in 2030 and actor Bill Murray’s biographical NFT project.

Additionally, you can learn about the successful tech demo of the Otherside Metaverse. And don’t forget about this week’s Nifty News roundup featuring a Bored Ape Yacht Club (BAYC) NFT at clothing retailer Old Navy and a whisky bottle being auctioned as an NFT. 

A CryptoPunk NFT has been bought for 2,500 Ether (ETH), worth $2.6 million during the time of purchase. Despite a downward move in the overall NFT market, the transaction involving CryptoPunk4464 — an ape-themed CryptoPunk has become the biggest NFT sale in 30 days.

The sale is also the CryptoPunk collections’ fourth biggest sale of all time in ETH, but only the 15th biggest transaction in United States dollar due to the recent fall in ETH price. 

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A report by the consulting company Verified Market Research predicted that the NFT market could grow into a $230 billion industry by 2030. As the researchers dove into the space, the team valued the NFT space at $11.3 billion in 2021 and noted that the market will grow at a rate of 33.7% in the next few years.

Looking at the key drivers in the space, the researchers identified the gaming sector as one of the areas that pushed the adoption of NFTs. Noting projects like Enjin and Axie Infinity, the research recognized that gaming contributed significantly to NFT adoption.

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American actor and comedian Bill Murray partnered with the NFT platform of crypto exchange Coinbase to release an NFT collection with 1000 pieces and highlighted that it shows advice, memories and “Murray-isms.”

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