Non-fungible token (NFT) data provider DegenData.io will be auctioning its CryptoPunk, with the buyer of the NFT finding business IP and all supporting assets attached.
On December 20, DegenData announced the January 1 auction of CryptoPunk #5761, and as a twist “the new owner of this Punk will have the rights to claim DegenData product and assets”.
The CryptoPunk will be auctioned for 420.69 ETH, or nearly US$1.7 million at the time of writing. This price is only a fraction of record-holding CryptoPunk #7523, which was auctioned for a record US$11.8 million by Sotheby’s in June.
According to the Twitter thread:
We see the lines of what NFTs are beginning to blur. Digital and physical worlds are intertwined now. NFTs aren’t just profile pictures. They are becoming the value of what you create around them. It is time for us to push the space to think more about what NFTs represent.DegenData tweet
Why Sell the Platform?
DegenData (DGD) is owned by Pink Swan Trading, Inc (PST), which owns another brand and is developing another crypto analytics product called Genesis Volatility. The owners want to sell DGD and use the proceeds to further develop Genesis Volatility, since the team feels it can be pioneers in the nascent DeFi sector.
Our team feels strongly that we can be pioneers in crypto options analytics and pioneers in DeFi crypto options; for that reason we decided to sell DGD and use the proceeds to help build Genesis Volatility to its full potential, especially as we dig deeper into the DeFi world.PST team statement
Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.