The Mega-Mutant apes (just 12 supply) have traded north of 1,000 ETH on the private market.The gold fur Bored Apes (46 supply) have been selling in the 600-700 ETH range over the past year. Traders have speculated for weeks on the market value of that key, widely thought to be the only true 1/1 NFT in the Yuga Labs ecosystem. That is the offer that Mongraal, the winner of the Dookey Dash game, received yesterday on his top prize of the golden key. Will this lead to a mass onboarding of gamers in to the NFT space? Upcoming NFT Mints TylerD's Market SummaryĪn 18-year old pro-Fortnite player just made $1.6M for winning Yuga Labs' Dookey Dash game. The ‘floor punks’ have gained 30x value within the past 18 months, with only 580~ up for sale at the time of writing, awareness picking up, the greater NFT space booming, plus the entire crypto space booming that figure is looking only like speeding up.Take a minute to catch up on the latest in the Web3 space with today's NFT market analysis, top movers, and upcoming mints: Storing: Punks can be bought and stored with Metamask and HODLed on your Ledger.ĬryptoPunks are a milti-point asset, historic, collectible, art with an un-divisible hard cap of only 10,000 which is why I see them as being the perfect store-of-value/investment for your ETH. This means there are still bargains around, but if it seems too good to be true then it probably is!) (The punk market is immature, some people put value on looks, some like rarity, some like hidden traits or number of traits, etc etc. **Be careful about scam punks, especially on Rarible.** This helps to give some ideas on what is a ‘floor punk’ vs what is top shelf. There are no scams on larvalabs and its the easiest place to sort through the different Punks and their rarities. The highest price paid for a Punk currently sits at 185E whilst ‘floor Punks’ (punks with the most common attributes) are currently listed at 3.5E, with only 20 punks offered for under 5E.īuying/selling: I believe the best place to buy/sell is from the original site with Metamask. Although, these secondary marketplaces are not well set up for Cryptopunks (yet) and with only 996 (still mostly dormant) owners holding the entire set, they remain quite obscure to owners and collectors alike. ‘Wrappedpunks’ can now be traded on marketplaces such as / and opensea.io/ and have since been gaining the punks more attention (and value). They weren’t a game and the concept of digital Art was unheard of at the time, therefore they were pretty well forgotten about until recently when / allowed for them to be converted to the ERC-721 NFT token standard. Predating all NFT marketplaces (and the ERC-721 standard itself) meant they could only be bought and sold on the /cryptopunks website. They were intrinsically given zero value as they were given away free and at the time carried no value for being the ‘first NFT’ while also being the only NFT. When the punks were given out on Jthey were nothing more than a weird ‘almost ERC-20’ token that represented an 8-bit punk portrait. Why is the oldest NFT in existence relatively unknown? Punks are bought and sold with ETH, so on top of points 1–4, you still get your ETH gains. CryptoPunks are even given inspiration credit in the ERC-721 white paper! If this trend continues then the project to start it all will forever be etched into blockchain history. The NFT space is now beginning to boom and is showing mind boggling growth potential. ‘Art’ is of course subjective, but these are much loved pieces of art to those active in the CryptoPunks discord group. This is just 4.7% of Bitcoins 21,000,000 fully diluted supply, without even considering that each bitcoin can be divided down to 100,000,000 ‘Satoshis’. The Cryptopunks supply is fully diluted with a hard cap of only 10,000 punks. Even if ETH were to fall out of favor, the Cryptopunks would still hold value as the OG of NFTs. If the NFT space continues to grow, the collectability category of ‘first’ will undoubtedly grow with it. They are made up of 10,000 all unique images which each vary in rarity according to the punks given attributes. I know a lot of people even within the crypto community remain skeptical about how and why NFTs, digital art and digital collectibles carry value, but this is an easy project to see the potential upside.ĬryptoPunks are the ‘First NFT’ set. This article is aimed for those who already have an intermediate level of crypto knowledge but for those who are new to the space here is a great article giving an in depth NFT breakdown. CryptoPunks: The near-perfect crypto/NFT investment that nobody knows about.
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