CAMSODA TAPS NFT CRAZE, SELLS CRYPTOPUNK FOR $200K

Adult webcam platform CamSoda has capitalised on the NFT hype by auctioning off a rare CryptoPunk for an incredible $200,000. 

The piece, which was originally purchased in early April for 39.99 ETH ($83,404) went under the digital hammer on Thursday, and was snapped up by a user with a screen name that’s far too filthy to publish here. 

Launched in 2017 by New-York based Larva Labs, CryptoPunks was one of the first non-fungible token projects created on Ethereum. After initially thinking this was the makings of a new app or game, CryptoPunk eventually became the model that shifted the digital art market.

Recently, CryptoPunks have become highly sought after, attracting the attention of high-profile CEOs, venture capitalists, major business leaders, and yes, of course, social media influencers. CryptoPunk 6965, which depicts an ape in a brown hat, selling for 800 Ether (ETH) worth more than $1.5 million in February, and Punk 2890, which depicts a blue alien in a purple hat, selling for 605 ETH worth more than $750,000 in January. 

Overall the platform has seen nearly $200 million worth of transaction volume in official deals since launch, with 98% of the action coming in recent months. Over 8,000 sales had been recorded in the previous 12 months. Today, the lowest priced punk you can find will cost around $30,000 in Ethereum cryptocurrency, while the rarest can fetch nearly  $10 million.

CryptoPunk 7060, the NFT that CamSoda sold, is one of 6,039 male punks. It features three distinct attributes: 

• 3D glasses (1 of 286)
• Crazy hair (1 of 414)
• Mole (1 of 644)

Announcing the no-reserve auction last week, Daryn Parker, VP of CamSoda, said: “Right now we are in the midst of a NFT gold rush. NFTs are crypto’s hottest investment space so far in 2021, with millions in trades and rare collectibles like CryptoPunks selling for huge sums. Given how CryptoPunks have captured the mainstream crypto zeitgeist, we wanted to make one easily accessible to our users.

“This will mark another expansion of the camsoda platform, beyond live streaming and into nfts.  This is the first time that a rare one of a kind Cryptopunk will be auctioned at a no reserve auction.”

AYO.NEWS says:

You have to give CamSoda some serious kudos for diversification here! Beyond this high-profile publicity stunt though, there are obviously some tantilising opportunities for CamSoda’s content creators to get in on the NFT action themselves… the mind boggles at the possibilities there! 

Staying with CamSoda, in March the company revealed it was fighting the lockdown blues by syncing sex toys and fast food with its new Grubuzz app.