Bobos & Wojaks

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Tron Founder Purchases Joker Tpunk NFT for $10.5 Million

Justin Sun, the founder of the Tron blockchain, which supports smart contracts, announced today the acquisition of an NFT avatar for $10.5 million in tron. The NFT bought is part of the Tpunks series and is identified as #3442 but dubbed “Joker” apparently owing to its likeness to the popular Batman villain. Tpunks is a collection of NFTs that aims to imitate the art aesthetic of the Cryptopunks, another very successful line of NFTs on Ethereum.

The series includes 10,000 avatars, some of which have uncommon characteristics that make them very desirable to collectors. According to DappRadar, the project is gaining traction and has risen to fourth place among collectible dapps at the time of writing. Prices for rare NFTs on the market have also risen, with some offers reaching more than $800,000 in some cases.

Non-fungible Tokens, or NFTs, have created quite a stir in the cryptocurrency world. Justin Sun is not the first to take the plunge. Several well-known influencers, actresses, and even rappers have entered the market to capitalise on this new kind of media. Even Jay-Z, the famous singer, collaborated with Sotheby’s in June to auction an NFT dubbed “Heir to the Throne” inspired by his “Reasonable Doubt” album. The musician also updated his Twitter profile image to show a Cryptopunk, which led some of his followers to believe he had bought one.

Justin Sun’s participation in therst. Sun participated in Christie’s sale of Beeple’s “Everydays: the First 5,000 Days” NFT. Sun submitted a bid of $60 million to acquire the asset, but according to his comments, he was outbid by $250K at the last minute by an unnamed buyer.