Hemba was very active in the Discord before they sold their last punk, and was respected enough that nobody gave them any grief when they posted the message above (Code Is Law mentality is strong with punks owners). On one such occasion, Hemba, a true punk OG, who once owned 100s of Version 1 and Version 2 punks, was telling stories from that time revealing they had exploited the old contract when the bug was found. Talk of this old contract comes up once in a while in the CryptoPunks Discord. The reason for this was a bug found in Version 1 which made the old contract and marketplace unusable, and Larva Labs decided to create a new version and transfer punk ownerships to the new contract. Many people don’t know that the CryptoPunks we love and trade today are actually a fork, a second iteration of CryptoPunks: Version 2. Now, multiple DeFi projects use Wrapped CryptoPunks, e.g., NFTfi or NFTX. This happened during the height of the RARI hype, resulting in legendary NFT flipper Pranksy and others to eat the floor on Larva Labs, wrap the punks, and flip them on Rarible with the additional benefit of getting a lot of RARI rewards. Wrapped CryptoPunks, could now be sold on OpenSea and Raribile.
Then, out of nowhere, came the announcement that Robi (creator of the ARK gallery for punks, a DAO to buy and sell punks) had created a wrapping contract, making it possible to reversibly convert a punk into a ERC-721 compliant version of itself.įunnily, this announcement that also partly triggered the third 2020 bullrun, came from MadMaister, one of the creators of NFTfi and not Robi themselves. NFT-DeFi projects had to specifically adapt their contracts to accommodate punks (e.g., NIFTEX’s ZOMB). 5 - Wrapped CryptoPunks!Īs CryptoPunks pre-date the ERC-721 standard, they could only be traded on the creators website,. * not an actual trademark, using ™ is a meme in the NFT world. Everybody has their favorite events from this year, so here are my personal top 5 moments that I witnessed in the CryptoPunks world.
Moments that have been lovingly called CryptoPunks Moments™* by the community. Floor prices increased from well below 1 ETH to nearly 6 ETH and there were many other moments that stood out. Weekly CryptoPunks sales volume, from Dune Analytics CryptoPunks dashboard by CryptoPunks market went through three bullruns this year, each one bigger than the last, and we are potentially going into a fourth one now.