Visa Will Continue To Buy NFT After Purchasing The Token For $ 150K

The payment company plans to add non-fungible tokens (NFT) to its collection to support authors from the crypto space.

Payment company Visa plans to continue buying non-fungible tokens (NFTs), Kai Sheffield, head of Visa cryptocurrency business, told Blockworks .

According to Sheffield , the company will add NFT tokens to its collection in order to support authors working in the crypto space.

On August 23, it became known that Visa bought the CryptoPunk # 7610 NFT token for $ 150 thousand. The company used the services of the first US federal-level cryptocurrency bank Anchorage.

Visa did not interact with Ethereum to buy the token, but instead executed the transaction using fiat currency. CryptoPunk # 7610 is also stored by Anchorage.

Within an hour after the purchase of the NFT token by Visa, the authors of the CryptoPunk collection sold over 60 NFTs. The cost of each token exceeded $ 200 thousand.

According to CryptoSlam, on August 27, the daily trading volume of CryptoPunk tokens is $ 31.8 million. Over the past four days, the indicator has grown by 283%.