Visa Buys CryptoPunk 7610, Steps into NFT Commerce
- NFTs
- Culture
Visa made waves on CT by purchasing CryptoPunk 7610 for 49.5 ETH, roughly $150,000 at the time, marking its first foray into NFT commerce. The move signaled mainstream corporate interest in NFTs as cultural assets, not just speculative jpegs. CT exploded with memes about Visa 'finally getting it' while others questioned if this was peak bubble hype. This purchase cemented CryptoPunks as the blue-chip NFT standard for institutional adoption.