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NFT sells on Ripple Ledger for a record $44,000

The XRP ledger hit a new record when it tweeted that one of the “XRPL Punks” was sold for 108,900 XRP, which was worth $44,000 at the time the transaction was successful.

On November 25, 2022, XRP ledger created network history by making the largest NFT buy ever. The transaction led in the sale of one of the Non-Fungible Tokens on the XRPL Punk collection for 108,900 XRP, according to a tweet from onXRP, an XRP-based modular ecosystem. The largest sale on the network at the time, the sum of XRP involved in the transaction was equal to $44,000 at the time of the transaction.

In response to the statement, XRPL PUNKS stated that the transaction took place during a VC Discord online auction with more than 20 participants. The person who purchased the NFT at such a high price was not made public by XRPL PUNKS. The Punks collection, commonly known as Xpunks, is one of the most well-liked collections on XRPL.

In response to the official statement from onXRP, XRPL PUNKS stated:

“Was an open auction with over 20 people in VC in Discord. We don’t want to disclose the buyer’s name, but the community knows who it is :)”

The NFT line project pays homage to the NFT line’s CryptoPunks collection, which is already renowned. Since the eagerly awaited XLS-20 update was recently added to XRPL, only Xpunks have traded 1.78 million XRPs.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.