Back in January 2021 gmoney purchased the most expensive CryptoPunk at the time, Ape Punk #8219 for 140 ETH ($150,275 at the time).
The sale — a couple of months before Beeple broke the sound barrier with his $69M Everydays sale — garnered a lot of attention thanks to gmoney’s Twitter thread thesis about CryptoPunks and digital scarcity that foreshadowed the NFT craze.
But that was yet to come, and crypto plunged straight after, taking the CryptoPunk floor price with it.
Coming from a tradfi background, gmoney got into crypto in 2017 but it wasn’t until late 2020 when he started to get interested in NFTs. The New Yorker went all in on a number of high-profile collections, and is currently sitting on 271 Chromie Squiggles, multiple CryptoPunks, an Autoglyph, multiple Beeples and a Justin Aversano Twin Flame among much more.
money’s first NFT in 2020 was a CryptoKitty, but playing a lot of Fortnite as the 2020 pandemic took off was the big brain unlock for digital ownership.
“I was playing Fortnite a lot at the beginning of quarantine and I saw how much all these kids were spending on skins. I just realized digital scarcity is definitely going to be a thing,” gmoney says.
“In my previous career, I was always just looking for opportunities where I thought that the market was mispricing things. That’s how I kind of stumbled upon crypto and then NFTs.”
gmoney today focuses a lot of his time on his onchain lifestyle platform and clothing brand, 9dcc but still remains a top influencer in NFTs.
1/ Why did I purchase a 24 x 24 pixel image yesterday for 140 ETH?!??! (a record in USD)
— gmoney.9dcc.eth (@gmoneyNFT) January 7, 2021
Buying ‘the top’ with the most expensive CryptoPunk… for a week
gmoney recalls thinking he may have bought the top with his Ape purchase when crypto started a big pullback.
“Crypto was rocking, Bitcoin was at $30,000 but when I bought it, I…
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