NiftyNoon: CryptoPunks Go Fine Art
Punk Legacy Project Breaks Ground for NFTs (November 16, 2022)
Nifty Thought
FTX’s explosion may have slowed NFTs down but it seems to have failed to knock them out. CryptoPunks, now once again is the largest NFT collection by market cap, has begun its journey to be displayed next to some of the world’s greatest fine art through the Punk Legacy Project. This is tremendous for the entire space as a whole as the acceptance of CryptoPunks as fine art paves the path for all crypto art to be accepted as well. Furthermore, this demonstrates the thoughtful approach Yuga Labs is taking to shepherd the CryptoPunks project. Rather than releasing something similar to their Bored Ape Yacht Club project (i.e. a CryptoPunk mutant serum airdrop), they are instead focusing on increasing the value of the brand overall. This will likely be a winning strategy in helping CryptoPunks remain culturally relevant for the long term.
Project News
Yuga Labs announces the Punk Legacy Project with the goal of having CryptoPunks be displayed next to the world’s greatest fine art:
Cristiano Ronald announces his NFT collection of iconic moments from his career in an exclusive partnership with Binance:
Heart You mints out the 10,000 supply MONOMYTH collection with art that is widely praised by the NFT community:
MasterCard collaborates with large banks and the New York Federal Reserve on a 12-week experimental digital dollar pilot:
Community News
Hunter Biden (Joe Biden’s son) discusses his interest in NFTs and crypto as an artist:
OpenSea shares updated thoughts on their desire to preserve creator and artist royalties:
Quick Stats:
OpenSea ETH Daily Volume: 6,340 ETH (▲ 6.76%)
Blur ETH Daily Volume: 3,023 ETH (▲ 59.78%)
BTC: $16,472.79 (▼ 3.26%)
ETH: $1,199.61 (▼ 5.36%)
Solana: $13.87 (▼ 4.12%)
Polygon: $0.89 (▼ 6.11%)
NFT Daily Winners:
DigiDaigaku: 8.80 ETH (▲ 11.68%)
Mutant Ape Yacht Club: 10.99 ETH (▲ 11.35%)
Bored Ape Yacht Club: 58.18 ETH (▲ 9.78%)
Proof Collective: 30.00 ETH (▲ 3.45%)
VeeFriends: 5.99 ETH (▲ 2.04%)
Azuki: 9.55 ETH (▲ 0.65%)
CryptoPunks: 66.50 ETH (► 0.00%)
NFT Daily Losers:
Clone X: 7.29 ETH (▼ 0.12%)
Chromie Squiggles: 13.80 ETH (▼ 0.36%)
Moonbirds: 7.10 ETH (▼ 2.74%)
Doodles: 5.73 ETH (▼ 2.85%)
Notes:
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