Credit card giant Visa has made a significant impression in the NFT market with a $150,000 purchase of a CryptoPunk, one of the earliest projects of the sector that pioneered the mainstream NFT culture.
Cuy Sheffield, Visa’s head of crypto, stated that the firm made the acquisition to gain a first-hand understanding of the infrastructure required for the global firm to purchase, store, and leverage an NFT.
The punk that Visa bought is CryptoPunk #7610, a woman with a mohawk that previously sold in July 2017 for $114.
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