An NFT Juggernaut Approaches
Larva Labs, the CryptoPunks and Autoglyphs creators, are reportedly working on a 3rd NFT project đ
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
Larva Labs, a software company teamed by Matt Hall and John Watkinson, has ascended to legend status in the NFT ecosystem for creating groundbreaking projects like CryptoPunks and Autoglyphs. Â
Of course, CryptoPunks inspired and popularized todayâs dominant ERC-721 NFT standard, and Autoglyphs enjoys the status of being Ethereumâs first iconic on-chain generative art. Accordingly, Larva Labs has not one but two all-star NFT projects to their name â a clear testament to the duoâs major talents and creativity.Â
This esteem is why people are starting to get really excited, as word has it that Larva Labs is currently working on its next NFT project!
This is a huge deal, so letâs break it down a bit in todayâs Metaversal đ
-WMP
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The Return of Larva Labs
Larva Labs is riding high right now after their flagship NFT projects have aged into more than smash hits in the cryptoeconomy â theyâre now rather all-out cultural phenomena whose influence is starting to reach well beyond just crypto.Â
This is why itâs increasingly the case that people donât view Punks and Glyphs as merely tradable NFTs.Â
Instead, more and more folks are starting to see these particular NFTs as digital artifacts with major cultural significance. Why? Because theyâre memetically charged with trailblazing and masterful execution atop a young Ethereum, which may go down as one of humanityâs greatest achievements in the 21st century, and this memetic charge â and the demand itâs producing â is growing.Â
For example, consider that one CryptoPunk is now worth more than one bitcoin as of this week, or that a group of Punks are being sold at prolific mainstream auction house Christieâs next month. As for Autoglyphs, the current Glyph price floor on OpenSea is 90 ETH!Â
So itâs certainly safe to say Larva Labsâs work is commanding unprecedented levels of interest. Thatâs why many NFT users snapped to attention last week when Kevin Rose, a partner at True Ventures and the host of Modern Finance, tweeted out that he was amazed by a preview of a new Larva Labs NFT project.Â

Thatâs all we have to go on for now, which isnât much, but knowing Larva Labs and their impressive legacy we donât need much to start getting seriously excited.Â
Indeed, even with scant info itâs no stretch to say that this projectâs release and ensuing activity would be poised to be the seminal NFT happening of 2021 if it is, in fact, released this year.Â
In the meantime we can only speculate and, like Kevin Rose suggested, prepare our ETH. So the takeaway here is this: the 3rd Larva Labs NFT project is as compelling as any you could track on your personal radar in the days and weeks ahead. If we know anything, itâs that tons of fun and possibilities await!

Action steps
âď¸ Head to the Larva Labs Twitter account and turn on post notifications so you can stay up to date on all the teamâs announcements.
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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