A valuable CryptoPunk NFT was recently acquired for a significantly lower price than its market value, sparking debate among observers. The NFT, Punk #2386, known for its Ape theme and unique accessories, was originally fractionalized through the now-defunct platform Niftex. Despite the platform's closure, the smart contracts remained active, allowing a trader to trigger a buyout mechanism. By proposing a buyout for only 10 ETH, the trader successfully acquired the NFT, which had previous bids of over 600 ETH. This unexpected purchase, described as a 'heist' by some and a strategic move by others, highlights the evolving nature of NFT trading. While opinions vary within the community, the acquisition of Punk #2386 at a fraction of its estimated value has sparked discussions about the fairness and strategies involved in such transactions. Read more AI-generated news on: https://app.chaingpt.org/news

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