GameSquare is promoting its NFT pivot with a purchase of a rare CryptoPunk.GameSquare is promoting its NFT pivot with a purchase of a rare CryptoPunk.

GameSquare acquired ‘cowboy ape’ CryptoPunk for $5.15m

2 min read

GameSquare decided to promote its NFT pivot with a CryptoPunk deal featuring DeFi pioneer Robert Leshner.

Summary
  • GameSquare bought ‘cowboy ape’ CryptoPunk
  • The firm issued $5.15M in preferred stock for the deal
  • DeFi pioneer Robert Leshner became GameSquare’s shareholder

Ethereum (ETH) treasury firm GameSquare is doubling down on NFTs. On Thursday, July 24, the company acquired the ‘cowboy ape’ NFT from Compound founder Robert Leshner in an all-equity deal. In a move to promote its NFT pivot, GameSquare issued $5.15 million of preferred stock to Robert Leshner, convertible into approximately 3.4 million stock.

GameSquare acquired 'cowboy ape' CryptoPunk for $5.15m - 1

With the sale, Robert Leshner, a DeFi pioneer and the CEO of Superstate, will become a shareholder in GameSquare. He will work with the company on its Ethereum-focused treasury strategy and support its recent pivot to NFTs.

GameSquare buys CryptoPunk to showcase NFT pivot

The rare ‘Cowboy ape,’ one of just 24 CryptoPunk NFTs with an ape-like appearance, will be added to GameSquare’s treasury. According to Justin Kenna, CEO of GameSquare, the company chose this NFT to showcase its belief in the potential for NFT tech.

Still, the NFT market is far from its highs in 2021, which applies even to popular collections such as CryptoPunks. The collection’s floor price is currently down 50% from its all-time high in October 2021. Smaller collections fared much worse, often losing 99% of their value.

Market Opportunity
SuperRare Logo
SuperRare Price(RARE)
$0.02045
$0.02045$0.02045
+1.48%
USD
SuperRare (RARE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Enters ‘Washout Zone,’ Then Targets $30, Crypto Analyst Says

XRP Enters ‘Washout Zone,’ Then Targets $30, Crypto Analyst Says

XRP has entered what Korean Certified Elliott Wave Analyst XForceGlobal (@XForceGlobal) calls a “washout” phase inside a broader Elliott Wave corrective structure
Share
NewsBTC2026/02/05 08:00
Republicans are 'very concerned about Texas' turning blue: GOP senator

Republicans are 'very concerned about Texas' turning blue: GOP senator

While Republicans in the U.S. House of Representatives have a razor-thin with just a four-seat advantage, their six-seat advantage in the U.S. Senate is seen as
Share
Alternet2026/02/05 08:38
Headwind Helps Best Wallet Token

Headwind Helps Best Wallet Token

The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27