An NFT Juggernaut Approaches
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An NFT Juggernaut Approaches
Larva Labs, the CryptoPunks and Autoglyphs creators, are reportedly working on a 3rd NFT project π
Metaversal is aΒ Bankless newsletterΒ 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.Β Β
Of course, CryptoPunks inspired and popularized todayβs dominant ERC-721 NFT standard, and Autoglyphs enjoys the status of being Ethereumβs first iconic on-chain generative art. Accordingly, Larva Labs has not one but two all-star NFT projects to their name β a clear testament to the duoβs major talents and creativity.Β
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 letβs break it down a bit in todayβs Metaversal π
-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 β theyβre now rather all-out cultural phenomena whose influence is starting to reach well beyond just crypto.Β
This is why itβs increasingly the case that people donβt view Punks and Glyphs as merely tradable NFTs.Β
Instead, more and more folks are starting to see these particular NFTs as digital artifacts with major cultural significance. Why? Because theyβre memetically charged with trailblazing and masterful execution atop a young Ethereum, which may go down as one of humanityβs greatest achievements in the 21st century, and this memetic charge β and the demand itβs producing β is growing.Β
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 Christieβs next month. As for Autoglyphs, the current Glyph price floor on OpenSea is 90 ETH!Β
So itβs certainly safe to say Larva Labsβs work is commanding unprecedented levels of interest. Thatβs 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.Β
Thatβs all we have to go on for now, which isnβt much, but knowing Larva Labs and their impressive legacy we donβt need much to start getting seriously excited.Β
Indeed, even with scant info itβs no stretch to say that this projectβs release and ensuing activity would be poised to be the seminal NFT happening of 2021 if it is, in fact, released this year.Β
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, itβs that tons of fun and possibilities await!
Action steps
βοΈ Head to the Larva Labs Twitter account and turn on post notifications so you can stay up to date on all the teamβs announcements.
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Not financial or tax advice.Β 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.
Disclosure.Β From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See ourΒ investment disclosures here.