Payments technology company Visa announced Monday that it has bought a CryptoPunk as it enters into the world of non-fungible token (NFT) commerce.
Visa bought CryptoPunk 7610, one of 3,840 female punks, for around $150,000 last week. CryptoPunks are considered the original NFTs, launched in 2017 by Larva Labs. These are a collection of 10,000 pixel art images of misfits and eccentrics. Each CryptoPunk has its own personality and unique combination of features.
„We felt that CryptoPunks would be a great addition to our collection of artifacts that can chart and celebrate the past, present, and future of commerce,” Visa’s head of crypto, Cuy Sheffield, told The Block in an interview.
Visa owns several vintage pieces related to commerce as part of its art collection, including early paper credit cards and knuckle busters, a device merchants used to record credit card transactions before the advent of electronic point-of-sale terminals, said Sheffield.
When asked why Visa added a Cryp
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