29/10/2021 Here’s Why a CryptoPunk Sold for $530M
A half-billion-dollar NFT “sale”? On-chain analysts say it may have just been an elaborate publicity stunt. Crypto Twitter was briefly set ablaze Thursday night as a CryptoPunk non-fungible token (NFT) was purchased for a staggering half-billion dollars – a figure that would have made the sale one of the largest ever not just in NFT-land, but in all of art history.
However, on-chain analysts were quick to point out that the sale may have just been an elaborate publicity stunt.
A look at the chain, however, reveals that the purchase was just a clever bit of smart contract magic.
The purchase was made by a flash loan contract deployed by an address flagged by wallet profiler Nansen as a prolific DeFi user, NFT collector and smart contract deployer who also owns the blurr.eth Ethereum Name Service NFT.
Banterlytics, a contributor to on-chain analysis publication Our Network, told CoinDesk that the transaction was likely conducted solely “for the bantz.”
The transaction cost 0.19 ETH, or roughly $800, and the address included a message in the metadata of the transaction, saying “looks rare.”
A similar flash loan transaction was conducted in February to purchase a HashMask NFT for 139,000 ETH, currently the largest NFT sale on record – even if on a technicality.
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https://www.coindesk.com/tech/2021/10/29/heres-why-a-cryptopunk-sold-for-530m/
Interesting NFTs
Classical Collage
voronoi fun with some well known art
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier Arrés’ exploratory series "Bitcoin, The Origin".
"Who is the creator of Bitcoin?"
The artist, Arrés, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language.
An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator.
For this Visual Toy, Arrés uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again.
At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown...
In this artwork, Arrés elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative.
Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out.
Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date.
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"Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin.
Arrés presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, Arrés freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks.
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More info about Javier Arrés: https://javierarres.com/about.html
Emoji Love #2/5
Nothing can be explained when love is involved. The work is inspired by the emoji of facebook but with the addition of the tits that the social network does not like.
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever.
Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off.
I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material.
This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material.
Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve.
All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs
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The purchase of this NFT Grants the buyer unique bonus material.
Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery.
Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
Meebit #17522
The Meebits are 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain.