“Not to compare our project with Andy Warhol, but it’s this kind of thing where people dismiss it because it seems easily copiable.” Yet other digital art and collectibles are growing on blockchains. Newly minted cryptocurrency millionaires are a “pretty spendy crew”, he adds. The most expensive CryptoPunk yet sold was an alien, a rare variety that went for the equivalent of $16,000, according to Mr Watkinson. The most expensive CryptoPunk sold so far went for the equivalent of $16,000 © Larva Labs “That was just sort of astounding,” says Mr Watkinson. One sold on that Saturday for 10 ether, equivalent to, at that time, $3,500.
In one night everyone had gone crazy.” A secondary market quickly appeared, with buyers trading the tokens in exchange for ether. Mr Watkinson recalls that “by Saturday morning they had all been claimed.
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