Beeple Dives into Punk Culture with $208K NFT Purchase

Beeple Dives into Punk Culture with $208K NFT Purchase

The creator of the most expensive non-fungible token (NFT) ever sold, Mike Winkelmann, also known as Beeple, has entered the realm of profile-picture (PFP) NFTs for the first time. According to information from Etherscan, Beeple bought CryptoPunk #4953 on Tuesday in the afternoon for 113.7 ETH, or $208,000.The artist’s historic purchase of CryptoPunk marks a significant change in his NFT journey. Previously expressing interest in acquiring a CryptoPunk, he had never bought a PFP NFT before.

Beeple gave his fans advice on the top qualities to look for in a CryptoPunk last week, teasing his desire to possess one. Noah Davis, CryptoPunks Brand Lead, revealed Beeple’s NFT purchase through a text exchange. Beeple did not initially confirm the acquisition.

Davis played a crucial role in Beeple’s $69 million “Everydays” sale at Christie’s in March 2021. On Tuesday night, Beeple shared “A Punk Is Born,” featuring himself as the new punk with CryptoPunk #4953. It was shown in the top right corner and on a small computer screen.

On Wednesday afternoon, Beeple lauded the impact of CryptoPunks on identity and ownership concepts. He called it a “historic work” in both technological and artistic terms. Beeple emphasized the influence of CryptoPunks and NFTs on the broader space. He expressed a keen interest in engaging more with the community.

Beeple PFP NFT Purchase Sparks Crypto Enthusiasm

According to information from CryptoSlam, Beeple’s purchase of CryptoPunk #4953 makes it the most expensive NFT sold in the previous day. The punk’s unique characteristics, such as its mohawk, clown-like green eyes, and red clown nose, add to its distinctiveness. According to the online marketplace OpenSea, just 2% of all CryptoPunks have the distinctive attribute of a red clown nose. There is currently just one other punk with this uncommon quality available on the market for around 91.7 ETH, or $169,800.

On February 4, 2022, collector Twill paid Beeple 109 ETH for the recently acquired CryptoPunk. Ether’s price at the time was $3,000. Due to the NFT’s significant appreciation, Twill likely incurred a substantial loss on the transaction.

Despite being a newcomer to the collecting world, Beeple is an accomplished digital artist. In Charleston, South Carolina, Beeple established a studio to unite digital art creators and collectors for live experiences. Additionally, the Crystal Bridges Museum in Arkansas is now hosting a first-ever American exhibition of his famed sculpture “Human One,” which sold for $29 million in 2021. 

Beeple’s foray into the PFP NFT market adds to the fascinating evolution of digital art and NFTs. The crypto community eagerly anticipates his next artistic creations.


About Valbona

I am a passionate and dedicated student studying Computing and Information Technology at an American university. With a love for reading, writing, and research, I possess technical and problem-solving skills. I have a vision to make a meaningful impact in the world of technology, I aspire to develop innovative solutions that improve lives and empower individuals in the digital age.