A single NFT from this collection sold for 8,000 ETH. The thirty-six NFTs include BAYC, Tiffany Punks, and Otherside land.
Cryptocurrencies are not the only inexpensive asset right now. A large non-fungible token (NFT) investor is offloading his collection at a discount.
On November 11, NFT collector Deepak Thapliyal announced that he will be selling his collection. It will sell the lot to the highest bidder, he added.
Failing this, it will be placed in a fractional DAO, where it will sell 80% of the property to the community. The sale price is 8,000 ETH or approximately $10 million at current Ethereum prices.
Blue-chip NFT Collection on Sale
The collector once purchased CryptoPunk #5822, which was the most expensive NFT in the world at the time, according to Guinness World Records. The blue Alien Punk was sold for 8,000 ETH or approximately $23.7 million in February.
Guinness World Records has ranked the NFT as the most expensive in the world in the 2023 edition of the famous encyclopedia. However, it does not consider Beeple NFT’s sale of “Everydays: The First 5000 Days,” which grossed nearly $70 million in March 2021.
Thapliyal’s collection also includes Alien Tiffany Punk 5822, as well as nine other Tiffany Punks. In addition, there is the Gold Ape 232, six more from the Bored Ape Yacht Club collection, and three Mutant Apes. There are also four virtual terrains from Otherside, and the name ENS helix.eth.
OpenSea shows the collection of 36 NFTs, with CryptoPunk #5822 still listed at 8,000 ETH. The second most expensive item in the collection is the BAYC 9452 laser eyes, which are valued at 347 wETH.
With crypto and NFT marketplaces currently deep in bear territory, finding a buyer may not be that simple. However, those with the conviction of a return of digital art and deep pockets, may not hesitate on the price.
Market Outlook
NFT trading activity has been on a downward trend throughout the year. Sales figures and volumes have plummeted in line with the broader crypto market, which is currently down 72% from its peak around this time last year.
At the beginning of the year, daily sales regularly exceeded $150 million. Today, they have plummeted to around $12 million, according to Nonfungible market tracker.
However, BAYC remains the best-selling NFT collection on secondary markets, according to CryptoSlam. There have been $11.3 million in BAYC sales over the last week.
The only NFTs that have trended higher in the last week are fan tokens. The volume of these has increased by 74% in the last seven days.
By Audy Castaneda
