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Remixing the NFTStrategy Playbook: 3 New Takes

PunkStrategy sparked a meta, and now remixes are pushing out in new directions.
Remixing the NFTStrategy Playbook: 3 New Takes
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In the NFT scene, TokenWorks kicked off the strategy token meta.

It all started with PunkStrategy, which uses fees from PNKSTR trades to buy CryptoPunks, relist them at a premium, and buy-and-burn PNKSTR with the ETH proceeds.

NFTStrategy, also by TokenWorks, is the generalized version. It can run this strategy loop (buy, relist, resell, buy-and-burn) for any other NFT collection. Per project, 8% of the trading fees go to accumulation, 1% go as royalties to the collection's creators, and 1% goes to burning PNKSTR.

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William M. Peaster

Written by William M. Peaster

1011 Articles View all      

William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.

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