How CryptoPunk #8295 sold for a loss–and a profit

  • One of the most fascinating aspects of NFTs is that their value can increase as the value of Ethereum (or other cryptocurrency used to purchase the NFT) increases.
  • Today, CryptoPunk #8295 sold for a lower ETH price than the seller had first purchased it. So, the sale looked like a loss of 5.05 ETH.
  • But, given the rise in value of ETH, the sale actually was a profit of $94,078.
  • This shows that the value of an NFT can benefit from an overall increase in value of Ethereum.