NFT clone Punks: Right or wrong?
“Can someone explain to me why NFT clones are selling for so much? asked Redditor LittleDoofus a couple of months ago.NFT clones cash in on successful NFT collections by releasing similar or even identical copies of the art under similar sounding brands. LittleDoofus wanted to know how we have suddenly ascribed so much value to NFTs, let alone mere copies of celebrated NFT artworks?LittleDoofus post continued:Ok so I kinda understand how someone might see the CryptoPunks or Ether Rocks projects as valuable digital collectibles, but whats going on with the craze over the clone projects? I....
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Anyone can buy the newly launched NFTiff, but Punk holders who own an NFTiff can also redeem it for a custom pendant. On Monday, the trading volume of CryptoPunks, one of the sector's most popular nonfungible token (NFT) collections, surged by 1,847% over 24 hours. Over $1,226.68 Ether (ETH) worth of Punk NFTs was traded during that time. The surge in interest appears to be tied to luxury jewelry retailer Tiffany & Co. launch of its own NFT collection, which has a special perk for Punk holders.Dubbed "NFTiffs," the collection consists of 250 digital passes. Anyone can purchase NFTiffs,....
In a collaborative NFT project, Adidas Originals, gmoney, Bored Ape Yacht Club and PUNKS Comic make $43 million in 72 hours. In its debut weekend, the first NFT from Adidas Originals’ "Into the Metaverse" project has generated 11,391 Ether (ETH), worth over $43 million, on OpeanSea. Ranked by trading volume, this collection has earned the second spot on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection. In collaboration with Bored Ape Yacht Club, PUNKS Comic, and gmoney, Adidas Originals co-created one digital asset and put up 30,000 copies of the same item for sale on Dec.....
On Thursday, the German multinational corporation Adidas announced the launch of the company’s first Adidas Originals NFT collection. The Adidas Originals NFT drop is in partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney, and the comic series Punks Comics.
Adidas Reveals ‘Into the Metaverse’ Originals NFT Collection
Adidas continues to embark on its mission to enter the metaverse and work with non-fungible token and blockchain technology. The shoe and sportswear corporation first jumped into a partnership with Coinbase and....
A Native American tribe is turning to the power of digital currency to meet their monetary needs. The Oglala Lakota Nation of North and South Dakota has reportedly adopted a bitcoin clone as their official currency, according to Forbes. Dubbed MazaCoin, the tribe is relying on their limited sovereignty in order to make this work - distancing themselves from the United States dollar. "I think cryptocurrencies could be the new buffalo," said Payu Harris, developer and Native American activist. "Once, it was everything for our survival. We used it for food, for clothes, for everything. It was....
CryptoPunks v1 is no longer deemed authentic but its creators allegedly sold 210 ETH worth when the wrapped versions gained traction. During its initial release, 10,000 CryptoPunks were sold and made it to the secondary market before users discovered a critical smart contract exploit that made it possible for Punks' buyers to withdraw their Ether (ETH) post-purchase. As a result, creator Larva Labs withdrew recognition of the v1 collection, fixed the exploit and released the v2 Punks collection we have now. Though, they've also sent mixed messages about the collection by selling off dozens....