CryptoPunk NFT 'Covid Alien' sold for record $11.8 million

The non-fungible token from the collection CryptoPunk series fetched $11.8 million Thursday, setting a new world auction record for a single CryptoPunk.

CryptoPunk NFT 'Covid Alien' sold for record $11.8 million

The NFT, dubbed "Covid Alien," was bought by Shalom Meckenzie, the largest shareholder of online sports gambling firm DraftKings. The piece was owned by a collector known as Sillytuna before the auction.

The sought-after token called "CryptoPunk #7523" is one of the nine alien CryptoPunks made by artists Matt Hall and John Watkinson, the founders of Larva Labs, in 2017. It is the only one with a mask.

There is a total of 10,000 24 x 24-pixel CryptoPunks with none of it exactly alike. Other characters in the collection include 24 apes, 88 zombies, 3,840 females, and 6,039 males. Following the sale, the auction house announced it will offer five exceptionally rare CryptoPunks later in June.

The NFTs were initially released for free besides a small transaction fee but the record-breaking amount seen from Covid Alien indicates the massive interest the collectors have.