- OpenSea, a popular non-fungible token marketplace, hit $1.5 billion in nearly 30-day trading volume.
- Visa's purchase of the CryptoPunk was facilitated by newly licensed bank Anchorage, the first known U.S. bank to custody non-fungible token assets.
- Crypto analyst Lark Davis states that his timeline is all non-fungible tokens and shares a bullish outlook on collectible digital assets and income generation from them.
NFTs are building the foundation for the metaverse, a collective virtual shared space created by the convergence of physical reality and physically persistent virtual space. Payments giants and institutions like Visa are warming up to decentralized finance, buying into the NFT craze.
Visa steps into "NFT Commerce" with the acquisition of a CryptoPunk
Visa, an American multinational financial services corporation, has purchased its first non-fungible token, CryptoPunk 7610. The CryptoPunk NFT collection is one of the earliest, and it features 10,000 pixelated faces. The faces include humans, zombies, apes, and aliens.
The firm announced its NFT purchase on Twitter
Over the last 60 years, Visa has built a collection of historic commerce artifacts – from early paper credit cards to the zip-zap machine. Today, as we enter a new era of NFT-commerce, Visa welcomes CryptoPunk #7610 to our collection. https://t.co/XoPFfwxUiu
— VisaNews (@VisaNews) August 23, 2021
