Crypto markets plunged straight after gmoney paid a record price for a CryptoPunk in 2021. But the sale still looks like a steal in 2024.
Back in January 2021 gmoney purchased the most expensive CryptoPunk at the time, Ape Punk #8219 for 140 ETH ($150,275 at the time).
The sale a couple of months before Beeple broke the sound barrier with his $69M Everydays sale garnered a lot of attention thanks to gmoney’s Twitter thread thesis about CryptoPunks and digital scarcity that foreshadowed the NFT craze.
But that was yet to come, and crypto plunged straight after, taking the CryptoPunk floor price with it.
Coming from a tradfi background, gmoney got into crypto in 2017 but it wasnt until late 2020 when he started to get interested in NFTs. The New Yorker went all in on a number of high-profile collections, and is currently sitting on 271 Chromie Squiggles, multiple CryptoPunks, an Autoglyph, multiple Beeples and a Justin Aversano Twin Flame among much more.
moneys first NFT in 2020 was a CryptoKitty, but playing a lot of Fortnite as the 2020 pandemic took off was the big brain unlock for digital ownership.
