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Learn the story of the photographer who made $1.4 million in profits through NFT

Learn the story of the photographer who made $1.4 million in profits through NFT

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Answer Learn the story of the photographer who made $1.4 million in profits through NFT

Emmy-nominated photographer Jon Knopf has announced that he has sold his boring monkey from the (BAYC) NFT series.

Advertisement until now is normal and there is nothing new.

But the interesting thing and the focus of the article is that the NFT that he acquired and bought for 0.08 Ethereum sold it for 347 Ethereum.

Knopf stated that he originally bought the 9452 astronaut’s eye monkey on the day it was minted for just 0.08 ETH.

Thus, through the massive sale, he will have a net profit of about $1.39 million at the current Ethereum prices.

Emotionally touched by joy and surprise, Knopf tweeted:

Read:Central Bank of Nigeria Orders Nigerian Banks to Stop Servicing Bitcoin Customers

I’m at a loss and can’t find the words now.

I cry a lot.

Thank you, BoredApeYC, for completely changing my life and everyone else in the community!!!

Some of his followers told him that if he was based in the US, there would be a huge tax bill to contend with as the government could take up to 35% of those profits.

It is worth noting that the buyer, who paid 347 Ethereum, made a mistake at first sight and sent 655 Ethereum to contact the seller and explain to him, so that “Knopf” responded and returned the excess amount to its owner and kept 347 Ethereum.

Read:Fidelity Launches Its First Bitcoin ETP in Europe…Details Here

This week’s NFT Bestseller:

Over the past seven days, there have been $275 million in total volume of NFT sales, according to analytics platform Nonfungible.

The best-selling NFT group over the past week was CryptoPunks, which saw $50 million in sales.

Second, Bored Ape, with weekly sales of $41 million.

Read also:

One of the largest banks in Spain officially begins trading Ethereum and providing cryptocurrency custody services

A $243 billion Emirati sovereign fund is ready to invest in the crypto market


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