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.

Yuga Labs restructures, NFT prices grow: what’s next for the market?
CryptoPunk sells for 4,000 ETH ($12.41 million), sixth-most expensive ever
Crypto Pioneer Quigley Sees NFTs Everywhere in Next 10 Years

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.

b3bdd3b6-24cb-4af0-99a7-5ccc759f8feb.png

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
Cypher::Prophet
Cypher::Prophet is an artwork dedicated to the punk origins of blockchain designed and realized by hackatao and hex6c. In the transposition into images we started from the iconographic canons of the hacker (hoodie, laptop, cryptographic elements) and associated them with the figure of the prophet, thus highlighting the predictive nature of the works of Eric Hughes (Cypherpunk Manifesto, 1988) and Timothy C. May (Crypto Anarchist Manifesto, 1993) as well as of the blockchain inventors Stuart Haber and Scott Stornetta (How to Time-Stamp a Digital Document, The Journal of Cryptography, 1991). Read the full story on https://medium.com/@hex6c/cypher-prophet-the-punk-origins-of-blockchain-1e8fce311e72
taro
conceptual art. drawing and digitally processed
Crossroad
LIMITED EDITION 1/1 | includes signed limited edition prints of all 3 states (pre-election, Trump win, Biden win) This piece is a first for Nifty, a token that will change based on the outcome of the election. If anything is constant about the times we now live in, it's uncertainty. This uncertainty is perfectly encapsulated in this piece of artwork as the person buying the piece will not know the final artwork. The artwork will be one state at auction before the election, and after the results of the election are known, will forever change to reflect a Trump or Biden win. PLEASE FUCKING NOTE: If trump wins, this token will change to that video of sexy boi king trump stomping through hell FOREVER. I don’t want you coming back to me bitching that you spent $2M* on this and now it’s a video of orangeman going HAM and it’s keeping u up at night popping mad boners. should have voted bruh. *and stfu that this isn’t gonna be worth a fuckton more when I hit 30 years of everydays and have a permanent collection in the MOMA. smh.
Originalplan® - Series 1 - Raw Cut Diamond Be@rbrick
The Be@rbrick series is a project around creating unique Be@rbrick designs. Originally it started as a daily project so each design was created on a daily basis. The concept and idea is based on the subcultural phenomenon of collectibles and designer toys. Raw Cut Be@rbrick is made of several hundreds of diamonds and is only availabe as a 1/1 limited edition collectible. Format : 3D Render. File: JPG * size: 5120 × 2880px After purchase a hand signed Glichē print will be sent to the address of your choosing. Limited to: 1/1 digital pieces.
Gen 2 Dali Cloudwhite Bloodred
What's up! I'm Gen 2 Dali Cloudwhite Bloodred. I'm a Dispensary Clerk by day, and I like running a podcast by night. I am 36% fairy, 16% Culinary Sanitation Specialist, and otherwise bad at math. Let's pawty!