On August 3, Uniswap founder Hayden Adams paid 78.99 ETH (approximately US$202,000) to purchase Crypto Punk 6055 NFT.
I do not understand why he can spend so much for a jpeg, the world NFT could pass and your investment vanish into thin air.
Most likely he has a lot of ETH and he won't even notice that he has lost them.
That's because it is the current hype, and just like any other hype not just in crypto, people are willing to shell out big money for it.
Obviously, as founder of Uniswap, he is worth a lot of money right now, and probably $200k is just a cheap change for him. And when the price of either ETH or the NFT's he bought goes up in the future, he can still earn a lot of money from it, so it's a win-win investment for him.