Visa paid $150,000 for a 'CryptoPunk' blockchain token

Payments company Visa has parted with $150,000 (£110,000) for a 'CryptoPunk' blockchain token as part of what the company called “a new chapter for digital commerce”.

“Over the last 60 years, Visa has built a collection of historic commerce artefacts – from early paper credit cards to the zip-zap machine,” the company announced on Twitter.

“Today, as we enter a new era of NFT-commerce, Visa welcomes CryptoPunk #7610 to our collection.”

NFTs, or non-fungible tokens, are essentially certificates similar to cryptocurrency coins and stored on the same blockchain ledgers.

However, where those coins are fungible – being broken down into 0.001 of a coin for instance – the certificate token is non-fungible.

CryptoPunks are one of the earliest examples of NFTs, made of images of 24 by 24 pixels, launched on the Ethereum blockchain in 2017 and inspiring the standard that is now being used to sell digital artworks for millions.

There are 10,000 of the CryptoPunk tokens – each of them unique – with Visa acquiring number #7610.

It doesn't do anything, it's just a unique entry on a blockchain, but Visa said: “We think NFTs will play an important role in the future of retail, social media, entertainment, and commerce.

“To help our clients and partners participate, we need a firsthand understanding of the infrastructure requirements for a global brand to purchase, store, and leverage an NFT.”

“Having worked with Anchorage Digital to complete this process, we're better positioned to help our partners navigate the process,” the company added.

Internet Explorer Channel Network
News Related


Mumbai: 9-year-old boy gets entangled in homemade swing, dies

A 9-year-old boy in Mumbai died due to asphyxiation after getting entangled in a homemade swing. A young boy from a slum pocket in Andheri (West) named Ismail Aagha was ... Read more »

Heavy Rain, Thunderstorms to Continue in Southern India for Next Few Days, Orange & Yellow Alerts Issued

© Provided by News18 Heavy Rain, Thunderstorms to Continue in Southern India for Next Few Days, Orange & Yellow Alerts Issued The interior south Karnataka will witness heavy rains for ... Read more »

EXPLAINED: The Case of a Missing Baby and a CPI(M) Family Row in Kerala

© Provided by News18 EXPLAINED: The Case of a Missing Baby and a CPI(M) Family Row in Kerala Anupama S Chandran, a 21-year-old woman, and her 35-year-old partner Ajith, both ... Read more »

Analysis-From zero to $12 billion; investors chase Trump stock hype

By Krystal Hu and Anirban Sen © Reuters/SHANNON STAPLETON FILE PHOTO: Former U.S. President Trump holds a rally in Wellington, OH (Reuters) – Donald Trump has united some of his ... Read more »

PEJUANG tak tanding PRN Melaka

© Provided by Free Malaysia Today Dr Mahathir Mohamad berkata, PRN Melaka ini sebagai satu “permainan politik” dengan mereka yang terlibat tidak “serius” berkhidmat untuk negara dan rakyat. PETALING JAYA: ... Read more »

139 mangsa banjir di Pendang dipindahkan ke PPS

© Provided by Sinar Harian ALOR SETAR – Seramai 139 mangsa daripada 35 keluarga di Pendang dipindahkan ke Pusat Pemindahan Sementara (PPS) Dewan Rakan Sukan Tanah Merah selepas rumah mereka ... Read more »

Sudan's PM arrested, internet disrupted in apparent coup

CAIRO (AP) — Military forces arrested Sudan’s acting prime minister and other senior officials Monday, disrupted internet access and blocked bridges in the capital, the country’s information ministry said, describing ... Read more »

UK climate protesters restart traffic-blocking tactics

Dozens of climate activists demanding the UK government immediately insulate homes nationwide halted morning rush-hour traffic in London on Monday, ending a 10-day pause in their civil disobedience protests. © ... Read more »

How to upgrade weapons in Elyon

© Provided by GamePur A big part of success in many MMOs is crafting and upgrading your equipment and Elyon is no different. Sure, there is a lot of other ... Read more »

Manny Pacquiao to rematch old rival Floyd Mayweather - on the basketball court

Once opponents in the ring, Manny Pacquiao and Floyd Mayweather will reignite their rivalry on the basketball court later this year. Longtime rivals Pacquiao and Mayweather met in the ‘Fight ... Read more »

Lewis Hamilton expresses concerns over F1 title race after Max Verstappen's win in US

Lewis Hamilton knows he has a tough task on his hands to beat Max Verstappen to the drivers’ title after the Dutchman extended his championship lead at the United States ... Read more »

Strictly: Tilly Ramsay receives private apology from LBC's Steve Allen for calling her ‘chubby' live on air

© PA/BBC pjimage (7).jpg Radio presenter Steve Allen has issued a private apology to Tilly Ramsay after calling her a “chubby little thing” live on air. Last week, the Strictly ... Read more »

Luke Shaw fronts up after Liverpool debacle and makes startling admission

Luke Shaw has admitted that Manchester United’s 5-0 home drubbing by fierce rivals Liverpool “was coming”. © PA Images Luke Shaw Man Utd September 2021 United were taken apart by ... Read more »

Brentford must be more clinical, says defender Mathias Jorgensen after Leicester defeat

© Getty Images jorgensen2510a.jpg Brentford defender Mathias Jorgensen has urged his team-mates to be more clinical as they look to build on their fine start to life in the Premier ... Read more »

Lionel Messi struggles made clear by worst league start in 16 years

Paris Saint-Germain dropped points for just the second time in Ligue 1 this season as they were held to a scoreless draw in Marseille on Sunday night. The second half ... Read more »

Celebrity wedding regrets revealed: Sarah Jessica Parker, Holly Willoughby and more

© Provided by Hello! celebrity-wedding-regrets Celebrity weddings are jaw-dropping occasions with endless budgets, epic dresses and star-studded guest lists, but that doesn’t mean they come without hiccups or regrets. Our ... Read more »

Camping Britons reporting shocking behaviour - ‘someone poked a hole through the tent'

Holidaying Britons have embraced camping. Sleeping under canvas has become one of the most popular holiday options for countless Britons, and with popularity comes some issues. On social media, Britons ... Read more »

Budget 2021: The NINE taxes Rishi could inflict on YOU

The Autumn Budget 2021 will be delivered on Wednesday, October 27, and given the huge financial and human cost of the Covid pandemic sweeping changes are expected across many areas ... Read more »

As Britons adopt fintech what will become of those left behind?

© Provided by This Is Money MailOnline logo Britons are increasingly using online banking, money apps and contactless cards, a comprehensive survey shows. Fintech use and adoption has risen in ... Read more »

How is Dennis Politic getting on away from Bolton Wanderers on loan?

© Provided by Football League World League One – Bolton Wanderers v Wycombe Wanderers This is a hugely important season in the career of Bolton Wanderers winger Dennis Politic with ... Read more »

Luke Shaw gave a brutally honest interview after Man Utd were thrashed 5-0 by Liverpool

Luke Shaw gave a very down-to-earth interview after Manchester United were defeated 5-0 by Liverpool. © GiveMeSport Fair play, Luke Shaw Goals from Mohamed Salah (x3), Diogo Jota and Naby ... Read more »

Micah Richards delivers surprising verdict on Ole Gunnar Solskjaer's Manchester United job

Former Manchester City defender Micah Richards has said that Ole Gunnar Solskjaer deserves the chance to turn things around following the team’s 5-0 defeat to Liverpool on Sunday. Liverpool arrived ... Read more »

UK 'leaning towards' mandatory Covid vaccines for health care workers

UK Health Secretary Sajid Javid is “leaning towards” requiring staff in the National Health Service (NHS) to be vaccinated against Covid-19, he said Monday. © Toby Melville/WPA Pool/Getty Images Javid ... Read more »

UK petrol prices hit all-time high of £1.42 a litre - adding £15 to cost of filling car

The average price of petrol has hit a new record high of 142.94p, adding £15 to the cost of filling up a family car. The last record was set in ... Read more »

Joe Lycett brands Twitter a 'nasty place' full of trolls

© Bang Showbiz Joe Lycett Joe Lycett has branded Twitter a “nasty place”. The 33-year-old comedian loves social media and spends “too much time on it”, however, he is becoming ... Read more »

COVID-19: Exclusion zones around schools could be used to stop 'idiot' anti-vaxxers, health secretary says

Three children were recently injured in a protest outside a school while parents and teachers have been receiving letters with false information about the COVID-19 vaccines. Read more »

Yann Sommer würde Vertrag in Gladbach verlängern

© KEYSTONE/EPA/FRIEDEMANN VOGEL Yann Sommer ist bei Borussia Mönchengladbach eine feste Grösse. Im Interview mit dem “Kicker” spricht der Schweizer Nationalgoalie über seine Zukunft beim Bundesligisten. Der Schweizer Nationalgoalie Yann ... Read more »

Nach Euro-Affäre und vermasselter Kandidatur für OECD-Vorsitz: Wird Ex-SNB-Chef Philipp Hildebrand neuer UBS-Präsident?

Die Gerüchte verdichten sich: Der ehemalige SNB-Chef Philipp Hildebrand wird als Kronfavorit für die Nachfolge von UBS-Präsident Axel Weber gehandelt. Angesichts der Tolggen in Hildebrands Reinheft überrascht das. © Bloomberg ... Read more »

So entsteht faire Schokolade

© Bereitgestellt von SevenCooks [Enthält Werbung] Schokoladenherstellung ist große Kunst! Glaubst du nicht? Ich zeig dir, wie man fair und nachhaltig unglaublich leckere Schoki macht. Am Beispiel einer meiner Lieblingsmarken. ... Read more »

Who left Strictly last night? Here's which celebrity was voted off Strictly Come Dancing 2021 this week

The fourth week of Strictly Come Dancing saw the sudden departure of another celebrity from the BBC dance show as the19th series of the show continues. © Who left Strictly ... Read more »

UN: Greenhouse gas concentrations hit a new record in 2020

GENEVA (AP) — The World Meteorological Organization reported Monday that greenhouse gas concentrations hit a new record high last year and increased at a faster rate than the annual average ... Read more »

Uzbekistan leader poised for easy win in competition-free vote

Uzbekistan President Shavkat Mirziyoyev was poised Monday for a crushing victory over token competitors, after initiating a reform drive that left the Central Asian country’s authoritarian foundations intact. © Handout ... Read more »

One Of Kim Kardashian's Friends Posted A Video Of Her Rapping And People Are Losing It

© Instagram Kim Kardashian’s friend Tracy Romulus posted a video of her rapping as the Skims mogul celebrates her 41st birthday and fans are losing it on Twitter. Kim Kardashian‘s ... Read more »

Sir Rod Stewart unveils 2022 UK tour dates

Sir Rod Stewart has announced the UK leg of his world tour. © Bang Showbiz Sir Rod Stewart tour poster The 76-year-old rocker is set to hit the road for ... Read more »

Ed Sheeran's fifth album is ready to go

Ed Sheeran’s fifth album looks set to be released in 2022. © Bang Showbiz Ed Sheeran The ‘Shivers’ singer releases his new LP ‘=’ on Friday (29.10.21), but his manager ... Read more »

Mike Tindall announces he's going on tour

© Provided by Daily Mail MailOnline logo Mike Tindall has delighted fans after announcing he is touring the UK with his friends James Haskell and Alex Payne, with whom he ... Read more »

Lori rempuh kereta, guru maut dalam perjalanan ke sekolah

© Provided by Free Malaysia Today Kejadian berlaku ketika mangsa memandu kereta jenis Honda City dalam perjalanan ke Sekolah Menengah Kebangsaan (SMK) Durian Tunggal, Melaka. (Gambar Bomba) PETALING JAYA: Seorang ... Read more »

Siapa Nayel Nassar, menantu Bill dan Melinda Gates

© Provided by Free Malaysia Today Nayel Nassar dan Jennifer Gates melangsungkan perkahwinan di New York pada 16 Oktober baru-baru ini. (Gambar Instagram) Pada 16 Oktober baru-baru ini, anak perempuan ... Read more »

PRN Melaka: Bersatu selaras SOP kempen, akur ketetapan KKM, kata Kiandee

© Provided by Free Malaysia Today Ronald Kiandee berkata pelarasan harus memberi kesamarataan kepada semua dan tidak hanya melibatkan satu parti kerana SOP terpakai kepada semua ketika PRN berlangsung. (Gambar ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic