Rise of the NFT Punks

CryptoPunks are 🚀, Beeple's going to Christie's, & Mad Dog Jones made $4M in minutes on Nifty Gateway!

Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles


Dear Bankless Nation,

CryptoPunks, Ethereum’s OG digital collectibles project, experienced astonishing levels of demand this week.

How poetic, then, that this “Rise of the Punks” came in the same week it was announced that Everydays artist Beeple will have a piece auctioned as the 1st NFT ever sold through legendary mainstream auction-house Christie’s.

Why poetic? Beeple comes as an outsider, a punk if you will, to this great bastion of the physical art world, and he’s coming armed with an NFT, the ultimate new tool of internet-native creators for determining their own artistic destinies.

This is what Beeple’s auction and the CryptoPunks ascension are representing, that the age of the NFT punks has decisively arrived. We don’t care what the old world thinks: we want to do things our way, and now we have the power to with NFTs.

-WMP


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🏆 Digital Collectibles

  • CryptoPunks was 🔥 this week. The Punks floor price is now +12.5 ETH,  and we saw ape Punk 4156 sell for 650 ETH + ape Punk 6965 sell for 800 ETH, which are now the highest ETH/USD sales in CryptoPunks history!

  • Punk 7804, the only smoking alien CryptoPunk, just received a whopping 12k ETH (~$21M) offer

  • CryptoKitties Founder Cat #84 (one of the first 100 CryptoKitties ever created) sold for 33.76 ETH this week. We also saw Nifty Report buy the only Gen 0 Fast Shipcat for 50 ETH ...

🎨 Cryptoart

🕹️ Blockchain Games

  • There were a flurry of sales around Single Mystics, i.e. Axies with one Mystic body part, in recent days. For example ...

🌐 Virtual Worlds

  • Collector Bill Lee purchased the 70 Block Fork, 74 Block Fork, and 75 Block Fork parcels in Cryptovoxels for 100 ETH each ...

  • The Blockchain Education Network (BEN) held its first ever event in Decentraland this week.

🛒 NFT Marketplaces

💎 DeFi x NFTs

  • Charged Particles, which lets you turn NFTs into baskets for ERC-20 tokens, unveiled its LEPTON NFTs. These collectable NFTs will also serve as a liquidity mining multiplier in Charged Particle’s coming LM campaigns. 

  • APE$, a fractionalized version of Punk 2386, is trading at a 422 ETH valuation on NIFTEX right now. Is that a steal, since we just saw another ape sell for 650 ETH this week? You be the judge!

  • Crypto market data site CoinGecko listed $PUNK-BASIC, an index fund token by NFTX that’s designed to track the floor price of CryptoPunks.


Action Steps


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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.


Disclosure. 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. I’ll always disclose when this is the case.