CryptoPunk 9998 NFT Sale for $532 Million of Ethereum Wasn’t What It Appeared

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A white-haired, green-eyed pixelated character known as a CryptoPunk 9998 just sold for more than half a billion U.S. dollars — or so it appeared — the latest wild development in the booming non-fungible token space. But the Ethereum blockchain shows the money from the NFT trade ended up right back where it started, raising the question of why anyone bothered.

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