This week saw notable developments in the Web3 space. The fourth most expensive NFT sale to date occurred, but it did not attract much attention. Former U.S. President Donald Trump made significant gains from his NFT collections, and a CryptoPunk did not receive the expected interest at a Sotheby’s auction. Here are three important developments in the Web3 space that we have compiled for you.
This NFT Sale Attracted Attention
The most expensive CryptoPunk ever sold for $23.7 million in 2022 was transferred on August 19 for an undisclosed amount. Former owner Deepak Thapliyal posted a farewell message on X as the NFT was sent to a new untagged address.
Thapliyal did not disclose the sale price of the NFT, but community members speculated it was sold at a loss. With an alien CryptoPunk selling for only $13.36 million in the market, one community member believes the previously most expensive NFT sold for approximately the same price.
Donald Trump’s Earnings Shocked
Former U.S. President Donald Trump announced he earned over $7 million from his NFT collections and held up to $5 million in cryptocurrency. In a personal financial disclosure obtained by Citizens for Ethics, Trump revealed his Ethereum-based crypto assets were between $1 million and $5 million.
Trump also added that he earned over $7.15 million from NFT collections, including Mugshot NFTs and two other trading card collections. Trump is attracting investors‘ interest by including the crypto space in the upcoming presidential elections this November.
CryptoPunk Auction Did Not Meet Expectations
Fine arts auction house Sotheby’s held a digital auction featuring Beeple and CryptoPunk NFTs. The online event started on August 15 and ended on August 22. The auction aimed to bring together top-quality works and appeal to different collectors.
However, the CryptoPunk at the auction did not achieve the desired results. Although the fine arts broker valued the piece between $70,000 and $100,000, at the time of writing, there were only two bids under $50,000 for the piece.
