Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
Trump Weighs Capital Gains Tax Cuts Ahead of Midterms 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy 
Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
Add as a preferred source on Google
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.
