GameSquare purchased the rare CryptoPunk #5577, known as Cowboy Ape, valued at 5.15 million USD, using preferred shares. This deal enhances GameSquare’s treasury, which now includes over 10,170 ETH and aligns with the Ethereum ecosystem.
The NFT market is emerging from a downturn, evidenced by CryptoPunks’ floor price recovery to 48 ETH. Influencers predict a strong resurgence, suggesting that NFTs will play a significant role in promoting Ethereum’s influence in the upcoming bull cycle.
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