03/08/2022 CryptoPunk Ethereum NFT Sales Jump 248% After Tiffany Launch

One of the earliest NFT projects is seeing renewed interest thanks to the iconic jewelry brand.


A selection of CryptoPunks NFT avatars. Image: Yuga Labs
A selection of CryptoPunks NFT avatars. Image: Yuga Labs

The sales volume of the CryptoPunks NFT collection has spiked over 248% in the last 24 hours, sparked by an exclusive offer from iconic luxury jewelry and specialty retailer Tiffany & Co. for CryptoPunks NFT holders, according to data from CryptoSlam.

“We’re taking NFTs to the next level,” Tiffany wrote on Twitter on Sunday. “Exclusive toCryptoPunksholders, NFTiff transforms your NFT into a bespoke pendant handcrafted by Tiffany & Co. artisans. You’ll also receive an additional NFT version of the pendant.”

The offer to CryptoPunk holders came with the news of Tiffany’s launch of a separate line of NFTs called NFTiffs, a collection of 250 digital passes offered by Tiffany & Co. that CryptoPunk holders can mint for a custom pendant and an NFT in the likeness of the holder’s CryptoPunk.

The CryptoPunk pendants will be in 18k rose or yellow gold based on the color palette of the NFT.

Tiffany says theNFTiffsNFTs will launch on August 5th with a floor price of 30 ETH each, or about $50,000 as of this writing.

According toCryptoSlam, the sales volume of the CryptoPunk collection for the last 24 hours is 1279 ETH, or around $2.16 million. The prior 24-hour period saw a sales volume of just 123 ETH, about $200,000, according toNFTPriceFloor.

Created by development studio Larva Labs, CryptoPunks are a series of 10,000 images tokenized as NFTs on the Ethereum blockchain. An NFT is effectively a deed of ownership to a digital or physical item.

The most recent sale of a CryptoPunk, according to CryptoSlam, was for 78 ETH, about $131,000, which is on the low end of a market that has seen a CryptoPunk NFT selling for2691 ETH, roughly $3.3 million, last month.

Earlier this year, in March, Yuga Labs, the creator of the Bored Ape Yacht Club, acquired theCryptoPunks IPfor an undisclosed amount.

Arts

https://decrypt.co/106417/cryptopunks-sales-spiking-on-tiffany-news

Interesting NFTs
#28878
By OthersideDeployer
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great JosĂ© Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?
SPECIMEN No. 20
The beast stirs. Part of small series of jar animations I created back in 2019 that was originally meant to become a Title Sequence project. Although that never came to fruition, I learned a ton along the way. For an in-depth project breakdown, click here: https://youtu.be/bQ7WrhdBMao
LADY MAGDALA’S LOVER
Mystery lover like no other.