**CryptoPunk Heist or Genius Move? NFT Acquired for a Fraction of Its Value**

A rare CryptoPunk NFT, worth millions, was snapped up for just 10 ETH ($23,000) through a smart contract, leaving the crypto community in shock. CryptoPunk #2386, an Ape-themed NFT, had bids as high as 600 ETH ($1.5 million) but was acquired for a fraction of its value due to a smart contract mechanism.

- **Fractional Ownership:** The NFT was split into 10,000 parts via the now-defunct Niftex platform.

- **Smart Contract Buyout:** A trader triggered a buyout mechanism, proposing 10 ETH. No counterbid was successful, so the sale proceeded.

- **Community Reaction:** Opinions are divided, with some calling it a "heist" and others a "brilliant play."

The event highlights the complexities and opportunities within the NFT market.