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:

  Yuga Labs @yugalabs

  Excited to announce the Punk Legacy Project, the goal of which is to house the Punks artwork next to some of the greatest fine art in the world. We are kicking off our first donation to @icamiami during Art Basel on December 2nd.

• Cristiano Ronald announces his NFT collection of iconic moments from his career in an exclusive partnership with Binance:

  Cristiano Ronaldo @Cristiano

  My NFT collection is coming on November 18, exclusively on @binance.  This is your chance to join my Web3 community and own iconic moments from my career. Sign up now with code RONALDO to prepare, and receive a surprise when the collection drops.

• Heart You mints out the 10,000 supply MONOMYTH collection with art that is widely praised by the NFT community:

  Heart You @XXHeartYou

  ( x___x )♡ I am full of deep emotion and overwhelmed. MONOMYTH IS SOLD OUT. a HUGE thank you to @buenonft and their incredible team for a smooth mint and for the legend that is @covercash the best shepard ever. View and collect Monomyth here: opensea.io/collection/mon…

  

• MasterCard collaborates with large banks and the New York Federal Reserve on a 12-week experimental digital dollar pilot:

  Watcher.Guru @WatcherGuru

  JUST IN: Mastercard, Wells Fargo, Citigroup, and others, launch a 12-week experimental digital dollar pilot with the New York Fed.

Community News

• Hunter Biden (Joe Biden’s son) discusses his interest in NFTs and crypto as an artist:

  Mario Nawfal @MarioNawfal

  Hunter Biden joins the show in 15.5 hours to discuss his art and his interest in NFTs & crypto! https://t.co/g79p0wwYde Hunter's personal video below 👇

• OpenSea shares updated thoughts on their desire to preserve creator and artist royalties:

  OpenSea @opensea

  1/ After hearing the passionate voices from the creator community last week, we believe marketplaces should honor a creator’s choice to set fees on existing collections, not just new ones. Thread 👇

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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