VISA payment system bought a collection NFT Cryptopunks - Bits Media

The operator of international bank cards Visa announced on Monday the purchase of its own collection of "commercial artifacts" NFT CryptoPunks.

VISA has an extensive collection of art and antiques, commerce-related, including early paper credit cards and devices, which sellers used to record transactions on credit cards until electronic cash terminals appear.

Last week, Visa bought a collection token Cryptopunks No. 7610, One of 3840 Women-tunes, for example $150 000 dollars. Cryptopunks are original works of crypto art in the form of NFT on the Ethereum blockchain, created in 2017 year by Larva Labs.

The collection consists of 10 000 pixel images. Each of Cryptopunks has an individual and a unique combination of graphic details. Remarkably, that according to Larva Labs, NFT Cryptopunk No. 7610 was purchased by the previous owner (26 july 2021 of the year) "Total" for $ 51,000. 19 August, later 3 weeks, Respoded VISA for $ 149 939.

To the question The Block, Why Visa included Cryptopunks in the collection, head of cryptocurrency projects Kai Sheffield (Cuy Sheffield) said, that Cryptopunks "became a pioneer of technology and a wave of commercialization NFT", Therefore, I wanted to be in the trend of innovations of the crypto industry and own the NFT Cryptopant. He explained, that the decision was not so much in relation to a particular token, how much about Cryptopunks in general, Considering, that this is a historical project in the NFT industry.

«NFT – This is the intersection of culture and commerce. We felt, that Cryptopunks will be a great addition to our collection of artifacts, which can display and reflect the past, present and future of commerce ", – Sheffield said.

Visa believes, that the development of NFT projects will have a huge impact on the future of world trade. Sheffield compared the creation of the NFT market with the emergence of e -commerce. How e -commerce allowed small businesses to sell on the Internet and satisfy the needs of customers around the world, and NFT allow small businesses to use a publicly accessible chain of blocks to create digital goods, which can be instantly taken to a wallet anywhere in the world.

Visa's own cryptocurrency team was formed in 2019 year and since then
Several initiatives
In this area.

“We see quite considerable interest from buyers and sellers, brands and content platforms, who want to find their place in NFT space. We undertake to help customers navigate the methods of participating in the NFT Ecosystem of Commerce ", – Sheffield said.

Bank cards operator published a technical document on NFT, Explaining companies, How can they integrate NFT into their platforms and how can Visa help them. Recently, Visa was the first
large payment network, which used stablecoins to conduct transactions.