Justin Sun bought Tpunks for a whopping $10.5 million. Is Justin Sun planning another big move?

On August 31, Justin Sun, the founder of TRON, tweeted that he had purchased a Justin Sun Tpunks numbered 3442 for 120 million TRX (equivalent to 10.5 million U.S. dollars). It is reported that this avatar is one of the most scarce avatars in Tpunks and belongs to the Justin Sun series, of which there are only 11.

After buying Tpunks 3442, Justin Sun donated it to the APENFT Foundation, which focuses on the NFTization of the world's top artworks.

It is not surprising for Justin Sun to buy an NFT portrait at a sky-high price of US$10.5 million.

Since March this year, Justin Sun has been active in the NFT field. He first bought Picasso's "Nude with Necklace" and Andy Warhol's "Three Self-Portraits" for $20 million and $2 million respectively, and then successively purchased works by artists such as Beeple, Pak, KAWS, and Boris Artzybasheff. So far, Justin Sun has begun to fully enter the NFT field.

Afterwards, Justin Sun's investment in NFT collections became unstoppable. According to incomplete statistics, up to now, Justin Sun has bought nearly 20 collections with a total value of more than 200 million yuan. In the past two months alone, he has bought more than 3 collections, including "ROCK ID 87" from the EtherRock series and "My Mama's Dream" by digital artist Fewocious. Interestingly, Justin Sun's purchase of Tpunks 3442 for $10.5 million may no longer be a simple collection investment.

According to the official website of Tpunks (https://www.tpunks.com), Tpunks is the first NFT avatar project in the TRON ecosystem, benchmarked against CryptoPunks, and includes 10,000 unique avatars, each of which is randomly minted through an algorithm. Among them, aliens, apes, zombies and Justin Sun series avatars are the most scarce, and the rest are mostly punk-style men and women. Based on this introduction, many industry insiders speculate that Tpunks may have received the support of Justin Sun and his TRON.

TRON is one of the world's three largest public chains. Under Sun Yuchen's keen market sense, TRON has been advancing all the way and making continuous breakthroughs. As of now, the total number of TRON accounts has exceeded 52 million, and the number of transactions has reached 2.3 billion. TRON has become the most important underlying infrastructure and second-layer network in the industry. With Sun Yuchen's continued efforts, TRON currently has the infrastructure and business form of the entire NFT ecosystem.

Recently, TRON has teamed up with APENFT Foundation to map the ownership of masterpieces such as "Reclining Nude with Necklace" and "Three Self-Portraits" to the TRON chain through the TRC-721 standard, and permanently store them in the TRON public chain and BTFS decentralized storage system. In addition to the outstanding achievements of TRON, the APENFT project strongly supported by Justin Sun has also attracted countless attention.

With the support of Justin Sun, the APENFT Foundation has collected more than 200 million pieces, including works by artists such as Picasso, Beeple, KAWS, and Pak. After receiving the Tpunks#3442 head portrait, the collection will be further expanded. At the same time, the APENFT Foundation has reached in-depth cooperation with the well-known NFT writer Beeple and the three major NFT auction platforms, Christie's, Sotheby's, and Nifty Gateway, and has formed a complete market foundation by relying on the basic users of the two major public chains, TRON and Ethereum.

Amid the NFT craze, Tpunks has attracted widespread attention and discussion from NFT collectors since its launch. Currently, many Tpunk avatars have been auctioned off. If Tpunks can get the support of Justin Sun and his TRON, the subsequent development may be even more exciting!