NFTs

Rise of the NFT Punks

CryptoPunks are 🚀, Beeple's going to Christie's, & Mad Dog Jones made $4M in minutes on Nifty Gateway!
William M. Peaster William M. Peaster Feb 19, 20213 min read
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Rise of the NFT Punks

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


🏆 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

  • Beeple is auctioning off EVERYDAYS — THE FIRST 5,000 DAYS through the prestigious auction house Christie’s. It’s the first time the major art business will be auctioning off a purely digital piece, i.e. an NFT. Christie’s has announced they’ll be accepting bids in ether (ETH) for the artwork, too ...

  • Billionaire venture capitalist Chamath Palihapitiya revealed he’s currently creating a portfolio of NFTs, including some cryptoart.

  • The price floor for Dmitri Cherniak’s Ringers series through Art Blocks has reached 4 ETH. Volume around the pieces is on the verge of hitting $1M!

  • Uniswap creator Hayden Adams is selling his “Unicorn Fart” NFT sculpture by John Orion Young for 128 ETH 🦄

  • Artist Mad Dog Jones sold nearly $4M worth of open edition NFTs through Nifty Gateway this week!

  • Programmable art platform Async Art closed a $2M seed round. Congrats! 🎉

  • Kai’s 27-Bit Digital drop on generative art platform Art Blocks sold out in a matter of minutes …

🕹️ 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

William M. Peaster

Written by William M. Peaster

630 Articles View all      

William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he writes the Metaversal newsletter on the onchain frontier, covering everything from AI projects to crypto games, as the team’s lead NFT analyst. With a background in creative writing, he writes fiction and publishes art on Ethereum in his free time. He lives in Washington.

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