NFT Just Sold for $532 Million — But Didn’t Really Sell at All…

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A white-haired, green-eyed pixelated character known as a CryptoPunk 9998 just sold for more than half a billion U.S. dollars — or so it appeared — the latest wild development in the booming non-fungible token space. But the Ethereum blockchain shows the money from the NFT trade ended up right back where it started, raising the question of why anyone bothered.

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The process started Thursday at 6:13 p.m. New York time, when someone using an Ethereum address beginning with 0xef76 transferred the CryptoPunk to an address starting with 0x8e39.

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www.msn.com/en-us/money/other/here-e2-80-99s-a-24532-million-nft-trade-that-wasn-e2-80-99t-what-it-appeared/ar-AAQ5nZY

 

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