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
The Pixel
The Pixel is a single pixel statement. It is created to validate. The Pixel is a digitally native artwork visually represented by a single pixel (1x1). It is a token that signs the most basic unit of a digital image in a traditional global auction house. It is a tiny mark to carry digitally native art to a potential future history.
Block Chain Dungeon
Once upon a time... a little boy named Leo loved to paint, draw and experiment. He also loved to play with blocks and chains, which drew him again and again into the rooms of his friends Michel and Angelo. Often they also met in virtual rooms of Cryptovoxels, Decentraland, Somnium Space or Sandbox to create new inventions, read books about new technologies, or just swing the brushes. But on this day something gigantic happened. A good friend of Leo came to visit and brought his girlfriend Mona, who wanted a piece of Leo's art on her skin. This was the birth of the NFT's, as Leo developed Non Fungible Tattoos in the Block Chain Dungeon of Michel and Angelo. From that day on people from all over the world came to get NFT's from Leo or one of his students, like "Skeenee the rat", who controls the NFT machine with his laptop. A new age began.
Childhood #3
Don't you dare look back.
Gen 1 | Cymric Mauve Lemon
*hissing noises*! My name's Gen 1 | Cymric Mauve Lemon. I once peed on Amelia Earhart's cat. They had it coming. I put ghost pepper hot sauce on everything. Like, everything: hot dogs, cantaloupe—everything! In time you'll learn how purrfect I am.
Brave Samurai
This is the second collaborative piece that I have created with the very talented Dutch artist, @eattheart23. Here, a samurai warrior stands guard, honour bound to protect his master even to the death.