CryptoPunk #3831 Shards

Valued around 600 ETH or $1.5 million, <a href="https://cryptopunks.app/cryptopunks/details/2386" rel="noopener noreferrer nofollow">CryptoPunk #2386</a> was just sold for merely 10 ETH, or roughly $23,000. The sale highlighted the immutable nature of blockchain technology. A smart contract, originally linked to a now-defunct website, allowed the NFT to be sold for less. The underpriced deal happened following the site closure, after CryptoPunk had been locked up for some time.CryptoPunk #2386’s Unique AppealCryptoPunk #2386 belongs to the Ethereum-based NFT collection CryptoPunk. Among the whole collection, only 24 show an ape, hence it is quite sought after on the NFT market. Another comparable ape-themed CryptoPunk lately sold for around $1.5 million. During the NFT frenzy, these uncommon NFTs were much sought for. Some were fractionalized to enable partial ownership by several investors. By distributing ownership into smaller shares, fractionalization enabled many people to possess a portion of a valuable NFT, hence increasing accessibility of these assets.Related: <a href="https://cryptotale.org/pudgy-penguins-and-mutant-apes-lead-24h-nft-trading-volume/" rel="noopener noreferrer nofollow">https://cryptotale.org/pudgy-penguins-and-mutant-apes-lead-24h-nft-trading-volume/</a><a href="https://cryptotale.org/cryptopunk-sold-at-a-fraction-of-value-due-to-platform-closure/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

CryptoPunk Sold at a Fraction of Value Due to Platform Closure

CryptoTale

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