Cryptopunk flash loan

Author: muye

August undefined, 2024

WebOn February 12th, 2024, Deepak Thapliyal, CEO of cloud blockchain infrastructure firm Chain, purchased a CryptoPunk for nearly $24 million, making it by far the largest on-chain purchase in CryptoPunks history. In March 2024, Larva Labs decided to abandon the project and sold it (as well as Meebits) to BAYC creator Yuga Labs for an undisclosed sum. WebOct 29, 2024 · Flash loan maneuvers are becoming increasingly common in crypto as individuals look to take advantage of market arbitrage. Unfortunately that is coming often …

No, Someone Didn’t Really Pay $532 Million for a CryptoPunk NFT

WebOct 29, 2024 · In a questionably large sale, CryptoPunk #9998 has sold for more than $532M, according to the project’s sales feed. CryptoPunks Token Sells for $500 Million … WebWhat is a CryptoPunk? CryptoPunks are 24x24 pixel art images, generated algorithmically. Most are punky-looking guys and girls, but there are a few rarer types mixed in: Apes, … howard altman

What are CryptoPunks and did one sell for $530million?

WebAug 2, 2024 · On October 29, 2024, it was reported that a CryptoPunk NFT sold for a staggering $530 million - making it the most expressive NFT ever. However, Cnet reports … WebBasically a flash loan is a sequence of transactions that are atomic within a block: Borrow X Do something with it Return X If you don’t return X, the whole sequence is invalidated. But! You can indeed trade X, on decentralised exchanges! As long as you buy it back and give it back at the end of the sequence of transactions. howard altman mylife

CryptoPunk NFT Sold for $530 Million, Is the Transaction Real or …

How did the flash loan 500M CryptoPunk sale work? : ethdev - Reddit

In October 2024, a single NFT transaction was made for 124,457 Ether (US$532 million at the time of the sale) regarding CryptoPunk #9998, much higher than all previous NFT sales, leading to speculation on social media that this could have been some kind of scam, a security exploit or money laundering. Larva Labs said that the purchase was made with a flash loan where the NFT's owner bought the item from themselves with borrowed money, taking out and repaying the loan … WebJun 10, 2024 · Covid Alien (CryptoPunk #7523)—which gets its nickname from the medical mask it wears—was sold by a long-time digital art advocate and collector known as Sillytuna. The single-lot was sold in ... howard altman mdWebOct 30, 2024 · A Flash Loan is a crypto-native transaction that allows buyers to take advantage of the price difference between assets offered at different exchanges. This … howard altman brick nj

"WebFeb 14, 2024 · CryptoPunks NFT 5822, one of only nine alien Punks, sold for 8,000 ether worth $23.7 million on Saturday. It set a new sales record at double the $11.8 million price for a CryptoPunks NFT last... " - Cryptopunk flash loan

Cryptopunk flash loan

WebOct 29, 2024 · Oct 29, 2024, 5:04 AM CryptoPunks Rokas Tenys A CryptoPunks NFT sold for $532 million, but it was paid for with borrowed money that was instantly repaid, Larva … WebAug 2, 2024 · On October 29, 2024, it was reported that a CryptoPunk NFT sold for a staggering $530 million - making it the most expressive NFT ever. However, Cnet reports that it most likely cost a lot less then that due to a clever transaction method called flash loans. Jeweller Tiffany & Co. also began selling CryptoPunk pendants in 2024.

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WebOct 29, 2024 · To pay for the trade, the buyer shipped the Ether tokens to the CryptoPunk’s smart contract, which transferred them to the seller -- normal stuff, a buyer settling up with a seller. But the... WebFeb 17, 2024 · Permanent Redirect

WebAug 23, 2024 · Visa has reportedly bought one of the popular CryptoPunk NFTs, many of which have fetched over a million dollars in the auction. The payment processing giant has spent $150,000 for the digital CryptoPunk 7610. Visa didn’t directly pay for the avatar and did so in partnership with Anchorage. WebOct 29, 2024 · So in this case, the owner of the CryptoPunk took out a flash loan for more than $532 million, used the funds to purchase the CryptoPunk and then sent the money back to the lender — all within the same …

WebOct 29, 2024 · The sale of CryptoPunk #9998 in the last 24 hours for over 500 million dollars via a flash loan has some crying fraud. Others see it as smart kids playing with financial … WebFeb 28, 2024 · CryptoPunks are a type of non-fungible token (NFT) that can be worth millions of dollars. Each of the 10,000 “punks” are a 24×24-pixel image, a new form of asset tokenization. “Punks” are...

WebOct 28, 2024 · At 7:50 p.m. ET on Thursday night, the sale ledger of Larva Labs, creators of the popular NFT CryptoPunks, recorded a sale of $534.4 million on #9998. The transaction history shows that the sale went …

WebFeelTheFish. · 6 mo. ago. This is step-by-step how it was done: Create a listing for X ETH with one contract (Contract A) Ask for a flash loan with another contract, buy the NFT (Contract B) Pay the NFT with the big-ass loan. Give back the money from Contract A, who now has the money from the NFT transaction, to contract B. howard altman gtbaWebOct 30, 2024 · The latest moves in crypto markets, in context. The Node The biggest crypto news and ideas of the day. State of Crypto Probing the intersection of crypto and … howard altman metropoulosWebOct 29, 2024 · It was promptly put up for sale again for more than $1 billion. CryptoPunk creator Larva Labs addressed the ‘sale’ on Twitter, pegging it as a flash loan. “This … howard altman military timesWebAug 9, 2024 · CryptoPunks are a 10,000-piece token collection on the Ethereum blockchain that was released in 2024 by New York City-based Larva Labs. They are widely recognized as the first NFTs. What began as a deflated experiment continues on today, challenging our concept of ownership and all that it entails in the digital age. howard alper university of ottawaWebOct 29, 2024 · A cryptocurrency transaction made some serious waves on Thursday night when a CryptoPunk non-fungible-token (NFT) was purchased for an unfathomable $530 … how many households in indiaWebNov 1, 2024 · We covered this flash loan NFT purchase more expansively in a separate blog post . Even though the half a billion dollar purchase will remain the talk of town for some time, there are other CryptoPunk sales that stand out as well. The numbers 2, 3 and 4 on the list are all hoodie punks, adding value to the punks with the hoodie attribute. how many households in michiganWebJun 24, 2024 · The price of CryptoPunks ranges from about $77,600 to $1.2 million in ethereum. Purchasing Strategies CryptoPunks positions can help diversify investors’ cryptocurrency portfolios. However, some investors use purchasing CryptoPunks as a gambling strategy. howard altman easton pa