Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Asian Stocks and Gold Rally as Investors Chase Year-End Gains Amid Dollar Weakness 
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
China to Tighten Crude Steel Output Controls and Export Regulation Through 2030 
Gold and Silver Hit Record Highs as Safe-Haven Demand Surges Amid Global Uncertainty 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
China Industrial Profits Slump Signals Need for More Economic Stimulus 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
U.S. Stock Index Futures Steady After S&P 500 Hits Record on Strong Economic Data 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
California DMV Proposes New Safety Rules for Autonomous Vehicles After Waymo Incidents 
Visa has recently taken the first step to enter the NFT commerce business. It was reported that the American financial services company headquartered in Foster City, California, has purchased a CryptoPunk to begin its venture in the world of the non-fungible token (NFT).
The Block Crypto shared that on Monday, Aug. 23, Visa announced it bought CryptoPunk #7610, a female CryptoPunk, for $150,000. The firm said this marks the beginning of its business in the fast-growing NFT market.
For people who are not well-versed in cryptocurrency and NFT, CryptoPunks are considered as the original NFT that was launched by Larva Labs in 2017. The item that was purchased by Visa last week is just one of the 3,840 existing female punks.
These are a collection of 10,000-pixel art images of eccentrics and misfits. There are thousands of CryptoPunk, but each one has its own unique personality and features.
In any case, it was learned that Visa already has a number of vintage art pieces in its collection that are related to commerce, such as antique credit cards made from paper and knuckle busters, a manual credit card imprinter used to record transactions in the old times when POS terminals were still unheard of.
As to why Visa made the decision to buy a CryptoPunk, Cuy Sheffield, Visa’s resident crypto and NFT expert, explained that it was because NFTs will have a bigger role in almost all the businesses in the future.
“We think NFTs will play an important role in the future of retail, social media, entertainment, and commerce,” he said in a statement that was posted in a blog post. “To help our clients and partners participate, we need a firsthand understanding of the infrastructure requirements for a global brand to purchase, store, and leverage an NFT. Having worked with Anchorage Digital to complete this process, we’re better positioned to help our partners navigate the process.”
Finally, he went on to say that the company wants to support the artists, creators, and collectors that they believe will be the main driving force for the future of NFT commerce. This will also be helping small business owners get online and make business transactions with companies easier.
