Visa buys NFT based CryptoPunk and paid $150,000 in Etherium
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium: Leader in the digital payments Visa has purchased a digital CryptoPunk for $150,000, marking the company's first ever NFT purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of CryptoPunk 7610 . Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art. The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said. An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...