Non-fungible cryptocurrency NFT continues to boom, lately Pay A user with the nickname “gmoney” paid 140 ETH for a digital artwork containing a pixelated avatar belonging to the famous “CryptoPunk” image group last Wednesday.

At the time of purchase, the artwork based on the non-fungible Ethereum standard was valued at $150,000, and its value had already increased to over $168,000.

“gmoney” explained that it was not about making money, but rather from a broader perspective, as “gmoney” argues that our world has become more digital, and this process will continue over the coming decades.

1/ Why did you buy a 24x24p image yesterday for 140 ETH?! ??! (record number in US dollars)

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– gmoney (gmoneyNFT) January 7, 2021

Meanwhile, “CryptoPunks” graphics are the first NFT-based artwork, and there are only 10,000 images, each with their own unique attributes.

Each NFT non-fungible digital currency has identifying information embedded within it, making it irreplaceable and unique.

This means that each of these drawings for sale is unique and can only be owned by one person.

It is a trait that digital art collectors appreciate which leads to higher prices for NFTs.

User gmoney noted that CryptoPunks graphics are rare and unique.

The image below is what gmoney bought for approximately $170,000:

But why would someone pay hundreds of dollars for pixelated graphics?

The user “gmoney” replied by saying:

It is flexible.

Given the known quantities that exist and their various rarities, “CryptoPunks” graphics will trade anywhere and may have an estimated value of 1,000 ETH.

Similar to Rolex or Lamborghini watches in real life, expensive NFTs allow people to show off in person.

Showing off and pride has been an urgent desire of mankind since its early days.

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But when the world began to digitize everything completely, new tools were needed to show off.

Never before have users actually been able to own something digital without relying on a third party to prove this claim.

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When someone buys a Rolex watch in the real world, they are not spending thousands of dollars for a watch that only tells the time, they can buy a $5 watch and it will do but the show and bragging is the desire I paid to pay that amount of money.

where he can say:

Hello, I’m well off, I can buy this expensive watch.

It can be said that the buying of expensive and expensive things for the purpose of flaunting continues, but it will be transformed from physical character and from Lamborghini cars to non-fungible digital currencies (NFT).

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Artwork based on non-fungible cryptocurrency “NFT” sells for $8.2 million