The Guinness Book of World Records has recognized blockchain technology and the NFT ecosystem after presenting that a CryptoPunk has entered its latest edition. The NFT representing Web3 is #5822, but why it is special. we at NFTexpress will explain.
NFTs have gained more and more space every day in the modern life of users who browse the Internet. Collections have been created with different uses such as in education, government, different businesses, clothing brands, and dozens of other industries that have innovated and adopted blockchain technology, Web3 and non-fungible tokens.
Now, news has arrived that the NFTs will finally be recognized by “The Guinness Book Of World Records” with the CryptoPunk #5822 included in its latest edition.
The new section in the Book will be titled “CryptoMania” and will highlight various developments in cryptocurrency over the last decade. Thus, the section will cover the history of Bitcoin, the first cryptocurrency interventions in the world, the adoption of cryptocurrencies and, as mentioned, NFTs, with CryptoPunk #5822 in the digital assets section.
The aforementioned collectible asset was recognized by the Guinness Book of Records as the Guinness Book of Records as the most expensive NFT sold to date. CryptoPunk #5822 was purchased for an incredible 8000 ETH, the native currency of Ethereum. Also, being February 2022, the value of the cryptoasset was at its highest peak and the 8000 ETH was approximately about $23 million at the time of purchase.
The most valuable NFT according to the Book of Records shows an extremely rare CryptoPunk alien, wearing a blue headscarf. The prized asset is currently owned by a person named. Deepak Thapliya, the CEO of the blockchain technology startup, Chain.
However, on a curious note, the community surrounding NFTs recognizes another non-fungible token as the most valuable token ever sold on the blockchain. It is Beeple “Everyday’s- The First 5000 Days“, the artwork was sold for the amount of $69 million dollars, but it was not included by the Guinness ranking why?
It was due to a technical formality, as the encyclopedia describes NFTs as a set of limited edition artworks created from previously rendered templates, and the collage by Mike Winkelman (Beeple), was automatically disqualified.
Consequently, the 10,000-piece CryptoPunks collection remains the synthesis of the entire NFT movement revolving around communities and above all, Guinness World Records. In time, we will see if this may change with the arrival of a new iconic series of NFTs, for now no.
Many consider the CryptoPunks are the holy grail of NFTs. It was launched in 2017 by Larva Labs (currently, acquired by. Yuga Labs) and the collection consists of 10,000 Punks based on the Ethereum network. The collectibles have different types of rarity, some of which include features such as zombies, apes and aliens (such as #5822). In addition, Punks have generated legendary status for their values and owners, as, they signify the emergence of the NFT industry for many communities. While this entire Web3 ecosystem (cryptocurrencies, NFT, DeFi, DAO, among others) is growing by leaps and bounds day by day, this collection that is also being used for PFP especially on Twitter Blue (the premium option of the social network) represents part of the history of Web3 and the Internet in general.
About Guinness World Records
Originally called the Guinness Book of World RecordsGuinness Book of Records, the ultimate authority on record-breaking achievements, which began with the idea of being a factual book to be used to settle arguments in pubs.
Its history begins in the early 1950s, when Sir Hugh Beaver, Managing Director of Guinness Brewery, attended a shooting party in County Wexford. Sir Hugh BeaverSir Hugh Beaver, Managing Director of Guinness Brewery, attended a shooting party in County Wexford. At that time, a discussion arose about the fastest game bird in Europe, but no correct answer was found in the reference books.
In 1954, after recalling that discussion, Sir Hugh came up with the idea of the Guinness Book, based on the idea of solving problems at clubs and parties. Accordingly, he invited the Norris twins and Ross McWhirter, two researchers of the date to compile historical facts with their accurate figures.
The first office of this idea (now a globally recognized company) was in two rooms of a gymnasium in Ludgate House, Fleet Street. It was there that the writing of the first book began, which took approximately 13 weeks to become an all-time bestseller and one of the most important and trusted brands in the world.
Today, Guinness World Records is a global brand, with offices in London, New York, Beijing, Tokyo and Dubai. It also has brand ambassadors around the world.
They started documenting it in books, then took it to TV shows, now through social media and live events all over the planet.
Ultimately, the brand’s goal is to fulfill lifelong personal dreams or work teams by breaking records and inspiring others to accomplish their feats and achievements every day, all over the world.
All investment or financial opinions on behalf of NFTexpress should not be taken as recommendations. This article is informational/educational material. Before making any type of investment do your own research.
Written by Rodrigo Catalan (TW: @RodrigoCatalanB) for NFT Express.