The Bright Side Of NFTs: Here’s How An NFT Investor Turned $88 Into $7.5M

Updated: 27 July 2023

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The non-fungible token market has experienced explosive growth in recent years. The nascent NFT sector has attracted institutions, businesses, and investors. The industry has left many investors making life-changing returns for the past few years.

Dylan Field Turned $88 Into $7.5M

Dylan Field, an NFT influencer and collector, is a perfect example of an investor who has made a life-changing sum from his NFT investment. Field has made millions of dollars after investing just $88 in non-fungible tokens. How did that happen?

How @zoink made $7.5M in one NFT trade ↓ pic.twitter.com/ZCSE7flY62

— Liam Herbst (@liamherbst_) July 26, 2023

Dylan Field, known on the Twitter community as Zoink, was a creator fellow like Vitalik Buterin and lived with the Filecoin founder. Filed got attracted to join crypto several years back and became fascinated with crypto communities forming in 2017, especially Cryptopunks.

In June 2017, the digital asset incubation firm Larva Labs launched its CryptoPunks NFTs collection. The NFT collection featured a limited edition of 10,000 NFTs. At the time, the Larva Labs studio was a two-person digital team consisting of Canadian software developers Matt Hall and John Watkinson.

In December 2017, Dylan Field joined the NFT space and purchased a Cryptopunks NFT for $88. Field fell in love with Punk #7,804, which he thought was the stickiest symbol in the whole NFT collection… and he needed to hold it.

Sometime in 2018, Dylan Field shared about acquiring a Punk with a friend, who offered to purchase the NFT collection for $15,000. Dylan Field’s market instincts were lively then, and he refused to sell his Punk NFT collection.

The NFT Market Boomed In 2021

Interestingly, the non-fungible tokens market started gaining traction in mid-2020 and exploded in early 2021, leaving the majority of NFT floor prices soaring to new record highs. The NFT market boom left many NFT projects with massive profits.

In March 2021, Dylan Field decided to cash out his NFT collection after the NFT market offered good returns. Field sold his Punk to an anonymous collector for a staggering 4500 ETH or $7.5 million. In less than three years, Dylan Field turned an incredible $7.5M profit and 500x return from just $88.