12/08/2022 A slice of the punk: CryptoPunk NFT to be split into thousands of pieces

A valuable CryptoPunk NFT is to be fractionalized as more than 56,000 addresses sign up for a share of ownership.

A slice of the punk: CryptoPunk NFT to be split into thousands of pieces

A valuable CryptoPunk NFT is to be fractionalized as more than 56,000 addresses sign up for a share of ownership.

Nonfungible tokens (NFTs) continue to capture the imagination of the cryptocurrency space, with some of the most popular projects attracting hundreds of millions of dollars from investors. Projects such asCryptoPunksand theBored Ape Yacht Clubepitomize the exclusivity of the most lucrative collections, with each NFT far from accessible to the average investor.

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A new campaign intends to give a wider base of investors a stake in some of the most valuable NFTs by fractionalizing ownership to reinstate accessibility. Unique Network, an NFT infrastructure running on the Kusama and Polkadot networks, will split the ownership of a CryptoPunk to more than 56,000 addresses that have signed up for a share.

The campaign offers users a chance to participate in what has become a highly siloed environment, as Unique Network CEO Alexander Mitrovich explained in a statement:

“This represents an exciting moment for interoperability. With our fractionalisation of Cryptopunk #3042 we are heralding a new era of NFTs that are accessible, interchangeable and can be shared across chains, and at a fraction of the cost.”

CryptoPunk #3042 wasboughtfor 46.95 Ether (ETH) ($82,000) by Unique Network in June 2022 as cryptocurrency markets slumped to yearly lows. The NFT had originally been sold for $16 in November 2018 before CryptoPunks became one of the most exclusive Ethereum-based projects in the ecosystem and the trail-blazer for crypto-art and NFTs.

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Unique Network’s acquisition of CryptoPunk #3042 was aimed at democratizing the asset as well as showcasing blockchain interoperability. There is no cost associated with signing up for a share of the CryptoPunk, which forms part of the firm’s Punks for the People campaign.

Interestingly, once addresses are claimed by people who have signed up, there will be significantly more owners of the single CryptoPunk on the Polkadot blockchain than the entire 10,000 original CryptoPunks running on Ethereum.

Unique Network will also fractionalize the ownership of one of its flagship Substrapunk NFTs. Inspired by CryptoPunks,Subtrapunkswere the first NFTs to be minted on the Polkadot blockchain.

Arts

https://cointelegraph.com/news/a-slice-of-the-punk-cryptopunk-nft-to-be-split-into-56-000-pieces

Interesting NFTs
taro
conceptual art. drawing and digitally processed
Coffin Dance (Dancing Pallbearers)
The most famous global meme of 2020, which has become a true symbol of the COVID-19 pandemic era. The token is issued with the support of the Ukrainian PR community, by Benjamin Aidoo team in collaboration with Matthew “DigiNeko” Ordrick, who in late March 2020 uploaded the video to YouTube which started a trend on the Internet. The owner of this token is going to get good luck for eternity. Format: 690  x  388 GIF
The River Plate Machine
Digital illustration for the cover of These Football Times magazine in its issue dedicated to the Argentine football team "Club Atlético River Plate". Original from 2020. For this cover I have created a complex machine that links all the generations and legends of the club with its great shield and emblem crowning the center as the heart of the fantasy machinery. Full of details and ornaments this is a highly detailed work. An authentic trip to the history of River through the imagination and the colors of the club. The most significant titles of the club are also included, such as the Libertadores Cup, the famous Intercontinental and the new Super Liga and the Argentine Cup in its newest cup design. If you see a hen, don't be surprised, it is the nickname that its fans give themselves, and they like it. ----- https://javierarres.com/about.html
Pudgy Penguin #5896
A collection 8888 Cute Chubby Pudgy Penquins sliding around on the freezing ETH blockchain.
Ringers #879
There are an almost infinite number of ways to wrap a string around a set of pegs. On the surface it may seem like a simple concept but prepare to be surprised and delighted at the variety of combinations the algorithm can produce. Each output from 'Ringers' is derived from a unique transaction hash and generated in Javascript in the browser. Feature variations include peg count, sizing, layout, wrap orientation, and a few colorful flourishes for good measure.