{"id":11572,"date":"2021-09-01T02:54:25","date_gmt":"2021-09-01T02:54:25","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/tron-founder-justin-sun-purchases-joker-tpunk-nft-for-10-5-million\/"},"modified":"2021-09-01T02:54:25","modified_gmt":"2021-09-01T02:54:25","slug":"tron-founder-justin-sun-purchases-joker-tpunk-nft-for-10-5-million","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/tron-founder-justin-sun-purchases-joker-tpunk-nft-for-10-5-million\/","title":{"rendered":"Tron Founder Justin Sun Purchases Joker Tpunk NFT for $10.5 Million"},"content":{"rendered":"

Justin Sun, founder of Tron, a smart contract-enabled cryptocurrency, announced he purchased an NFT avatar for $10.5 million. The NFT, dubbed \u2018Joker\u2019 due to its appearance, is part of a Tron-native NFT series called Tpunks, that seeks to emulate the style and success of the known Cryptopunks series, but on the Tron blockchain.<\/strong><\/p>\n

Justin Sun Purchases NFT for $10.5 Million<\/h2>\n

Justin Sun, the founder of the smart contracts-enabled Tron blockchain, announced today the purchase<\/a> of an NFT avatar for $10.5 million dollars worth of tron. The NFT purchased, identified as #3442 but called \u201cJoker,\u201d ostensibly due to its resemblance to the popular Batman villain, is part of the Tpunks<\/a> series. Tpunks is a collection of NFTs that seeks to recreate the art style of another very successful line of NFTs, on Ethereum, the Cryptopunks.<\/p>\n

The series features 10,000 avatars, of which there are some with rare traits, which make them especially desired by collectors. The project is picking up steam and has climbed to fourth place rank in collectible dapps at time of writing, according<\/a> to DappRadar. Prices of rare NFTs on the platform have also spiked, with some offers reaching<\/a> more than $800K.<\/p>\n

This isn\u2019t Justin Sun\u2019s first foray into the NFT market. Sun was an active bidder<\/a> on Christie\u2019s sale of Beeple\u2019s \u201cEverydays: the First 5,000 Days\u201d NFT. Sun made a bid of $60 million to acquire the asset, but according to his statements, he was outbid by $250K by an unknown buyer at the last minute.<\/p>\n

<\/p>\n

NFT Craze<\/h2>\n

Non Fungible Tokens, or NFTs, have caused quite the excited commotion in the cryptocurrency space. Justin Sun is not the first to dive in. Several famous influencers, actors, and even rappers have gotten into the space to take advantage of this new kind of media. Even Jay-Z, the famous musician, partnered<\/a> with Sotheby\u2019s in June to auction an NFT inspired by his \u201cReasonable Doubt\u201d album, called \u201cHeir to the Throne.\u201d The musician also changed his Twitter profile picture to display a Cryptopunk, something that made some of his followers believe he had purchased one.<\/p>\n

Several other projects have sold millions of dollars in NFTs. The main project, Cryptopunks, surpassed<\/a> $1 billion in sales last week, being the third NFT-based project to reach that number after Axie Infinity and Opensea. NFT fever even reaches into institutional markets. Visa, the multinational payments giant, purchased<\/a> a CryptoPunk (#7610) to add to its collection on August 23, calling NFTs a \u201cnew era\u201d of collecting.<\/p>\n

What do you think about Justin Sun\u2019s Tpunk purchase? Tell us in the comment section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, collectibles, cryptopunks, justin sun, NFTs, tpunks<\/p>\n","protected":false},"excerpt":{"rendered":"

Justin Sun, founder of Tron, a smart contract-enabled cryptocurrency, announced he purchased an NFT avatar for $10.5 million. The NFT, dubbed \u2018Joker\u2019 due to its appearance, is part of a Tron-native NFT series called Tpunks, that seeks to emulate the style and success of the known Cryptopunks series, but on the Tron blockchain. Justin Sun…<\/p>\n","protected":false},"author":0,"featured_media":11573,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11572"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11572"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11573"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}