World record NFT buyer who sells the collection at a large discount
Cryptocurrencies are not the only thing that is cheap at the moment. A major non-fungible token (NFT) investor is offloading his collection at a discount.
On November 11, NFT collector Deepak Thapliyal announced that he is selling his collection. He will sell the lot to the highest bidder, he added.
If not, it will be placed in a fractional DAO where he will sell 80% of the ownership to the community. The asking price is 8,000 ETH or about $10 million at current Ethereum prices.
Blue-chip NFT Collection on sale
The collector once bought CryptoPunk #5822, which was the world’s most expensive NFT at the time, according to Guinness World Records. The blue Alien Punk sold for 8,000 ETH or about $23.7 million in February.
Guinness World Records has classified NFT as the world’s most expensive in the 2023 edition of the famous encyclopedia. However, it does not take into account the Beeple NFT sale of “Everydays: the First 5000 Days”, which brought in almost $70 million in March 2021.
Deepak’s collection also includes Alien Tiffany Punk 5822 and nine other Tiffany Punks. In addition, there is the Gold Ape 232, six more from the Bored Ape Yacht Club collection, and three Mutant Apes. There are also four Otherside virtual plots and the ENS name helix.eth.
OpenSea shows the collection of 36 NFTs, with CryptoPunk #5822 still listed at 8000 ETH. The second most expensive item in the collection is laser eyes BAYC 9452, which is listed for 347 wETH.
With crypto and NFT markets currently deep in bear territory, finding a buyer may not be so easy. But those who are convinced of a digital art comeback, and deep pockets, may not budge on the price.
Market outlook
NFT’s trading activity has been on a downward trend throughout the year. Sales numbers and volumes have fallen in line with the broader crypto market, which is currently down 72% from its peak this time last year.
At the beginning of the year, the daily turnover was regularly over 150 million dollars. Today, they’ve dropped to about $12 million, according to Nonfungible’s market tracker.
Nevertheless, BAYC remains the best-selling NFT collection on secondary markets, according to CryptoSlam. There have been $11.3 million in BAYC sales in the past week.
The only NFTs that have been up in the last week are fan tokens. The volume for these fan tokens has increased by 74% in the last seven days.
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