In Brief:
- Crypto billionaire Mike Novogratz now owns CryptoPunk.
- He bought Punk #8466 for 98.5 ETH ($440k).
- At NFT NYC, he addressed how NFTs might affect the film and entertainment industries.
Mike Novogratz, a crypto billionaire, has disclosed that he now owns a CryptoPunk and will begin a “$GLXY NFT collection” to go along with his first public purchase.
The CryptoPunk is his first step into a new sector – NFTs – and reveals that he is familiar with the industry’s top ‘blue-chip’ collections, such as Punks and Bored Ape Yacht Club.
Punk #8466 was purchased by Novogratz for 98.5 ETH ($440k). According to his wallet, that was his only NFT purchase to date.
The crypto world is now eagerly awaiting Novogratz’s additions to the freshly minted “$GLXY” NFT collection.
Novogratz has yet to update his Twitter profile image to Punk, despite the fact that it is already a Twitter tradition in the NFT sphere.
Due to the high price tags linked to a Punk, the status that comes with having one, and the opportunity to establish a brand around your NFT, CryptoPunks are starting to attract serious investors and capital to the NFT field.
Following high-profile Punk purchases in recent weeks, other renowned investors, including as the ‘Wolf of Wall Street’ Jordan Belfort, have stepped into NFTs.
In recent months, Novogratz, the CEO of Galaxy Digital (GLXY), a “bridge between the crypto and institutional worlds,” has been a strong promoter of digital assets and cryptocurrencies.
Also recently he spoke about how NFTs might impact the film and entertainment sectors at NFT NYC, stating that he was “talking about NFTs in 2014,” hinting that his acquisition had been long overdue.
Galaxy digital asset arm, the company’s digital asset branch, offers clients diversified and single-asset crypto funds, including a “DeFi index fund” and Bitcoin and Ethereum funds.
Earlier, Mike Novogratz said that the market correction is the outcome of “Tax Day.”
