Take the crypto world, mix in a little punk and you have yourself a recipe for success. Just this week, Punk #561 has been sold for 375 ETH ($1,041,344.97 USD).
Punk 561 bought for 375 ETH ($1,041,344.97 USD) by 0x18ee9c from 0xd1e70f. https://t.co/ke2AkDU7Zf #cryptopunks #ethereum pic.twitter.com/ueOS3u4tLv
— CryptoPunks Bot (@cryptopunksbot) August 6, 2021
So what makes this punk so special? Only 115 of the 10,000 collections have top hats and this is one of them and only 286 have 3D glasses. These small accessories are becoming massive factors when punks are up for auction. Minor visual details paired with the larger punk movement are propelling CryptoPunks into mainstream collectibles.
If Punk came to symbolize rebellion and a confrontation to music industry norms then it could be said that crypto as a movement is doing something similar to institutional finance. Anti-authoritarianism, anti-corporate greed, and a visual demonstration of anti-capitalism are three ways, to sum up, both punk and cryptocurrencies.
From hairstyles to fashion to sex, hardcore punk was an artistic movement that gave people a way to culturally express their frustration with economic inequality and neglect of working-class people. With the introduction of NFT’s the punk movement had a new way to express its ideologies.
What makes CryptoPunks so special?
The CryptoPunks were launched by Larva Labs in 2017 and many of the first-ever punks were given away for free. This was one of the first series of non-fungible tokens. There are 10,000 unique cryptopunk characters and no two are the same.
The collectible nature of these characters has made them high-value property, with one selling at auction earlier this year for over $11.7 million. Many believe that the NFT scene is still in its early days.
However, Cryptopunks is well established amongst its collectors and the market has remained hot for these alternative avatars throughout the last three years.
Buying CryptoPunks has now become an actionable way to associate with the disruption and fight against the status quo offered by crypto. Furthermore, the type of punk being auctioned may directly appeal to the individual represented by accessories, clothing, glasses, and tattoos.
If we take a leaf out of Patti Smith’s book we can begin to understand the type of people that gravitate towards Cryptopunks and more acutely towards punk and crypto “To me, punk rock is the freedom to create, freedom to be successful, freedom to not be successful, freedom to be who you are. It’s freedom.”
Long live punk: sex, drugs, rock n’roll, and crypto.
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Take the crypto world, combine in a bit punk and you’ve got your self a recipe for fulfillment. Simply this week, Punk #561 has been offered for 375 ETH ($1,041,344.97 USD).
Punk 561 purchased for 375 ETH ($1,041,344.97 USD) by 0x18ee9c from 0xd1e70f. https://t.co/ke2AkDU7Zf #cryptopunks #ethereum pic.twitter.com/ueOS3u4tLv
— CryptoPunks Bot (@cryptopunksbot) August 6, 2021
So what makes this punk so particular? Solely 115 of the ten,000 collections have prime hats and that is one in every of them and solely 286 have 3D glasses. These small equipment have gotten huge elements when punks are up for public sale. Minor visible particulars paired with the bigger punk motion are propelling CryptoPunks into mainstream collectibles.
If Punk got here to represent revolt and a confrontation to music trade norms then it may very well be stated that crypto as a motion is doing one thing much like institutional finance. Anti-authoritarianism, anti-corporate greed, and a visible demonstration of anti-capitalism are 3 ways, to sum up, each punk and cryptocurrencies.
From hairstyles to style to intercourse, hardcore punk was a creative motion that gave individuals a technique to culturally specific their frustration with financial inequality and neglect of working-class individuals. With the introduction of NFT’s the punk motion had a brand new technique to specific its ideologies.
What makes CryptoPunks so particular?
The CryptoPunks have been launched by Larva Labs in 2017 and lots of the first-ever punks got away without spending a dime. This was one of many first sequence of non-fungible tokens. There are 10,000 distinctive cryptopunk characters and no two are the identical.
The collectible nature of those characters has made them high-value property, with one promoting at public sale earlier this yr for over $11.7 million. Many consider that the NFT scene continues to be in its early days.
Nevertheless, Cryptopunks is nicely established amongst its collectors and the market has remained sizzling for these different avatars all through the final three years.
Shopping for CryptoPunks has now turn into an actionable technique to affiliate with the disruption and battle in opposition to the established order supplied by crypto. Moreover, the kind of punk being auctioned could immediately enchantment to the person represented by equipment, clothes, glasses, and tattoos.
If we take a leaf out of Patti Smith’s e-book we are able to start to know the kind of folks that gravitate in direction of Cryptopunks and extra acutely in direction of punk and crypto “To me, punk rock is the liberty to create, freedom to achieve success, freedom to not achieve success, freedom to be who you might be. It’s freedom.”
Lengthy dwell punk: intercourse, medicine, rock n’roll, and crypto.
Get an edge on the cryptoasset market
Entry extra crypto insights and context in each article as a paid member of CryptoSlate Edge.
On-chain evaluation
Value snapshots
Extra context
Be a part of now for $19/month Discover all advantages
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