Top 10 CryptoPunks Wallet Is Dormant, House Sells on OpenSea, and More

Sleeping Punks

Non-fungible token (NFT) sleuths unearthed an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, or around $7 at the time the project launched. According to Twitter user Nansen Intern of the analytics platform, the wallet is now valued at 11,300 ETH, or around $14.7 million at current prices.

The wallet has shown no activity since then, leading to speculation that the owner may have lost the seed phrase. The wallet is placed in the top ten in terms of CryptoPunks holders and many collectors would watch it in the hope of landing a good deal.

CryptoPunks was one of the first collections to launch on Ethereum with 10,000 unique NFTs. CryptoSlam reports that this is the third highest collection for secondary sales in the past month with a transaction volume of $22.8 million,

According to OpenSea, which recently allowed users to submit bulk listings, rare CryptoPunk #9476 sold for a whopping $480,000 (370 ETH) on October 17 proving that pixelated punks remain popular.

Street Machine streets ahead

The NFT Street Machine project has grown in popularity and price despite a broader market downturn.

The cyberpunk anime series is a story-driven collection designed by award-winning video game artist SpenzerG who was behind the popular online shooter PlayerUnknown’s Battlegrounds (PUBG).

It’s inspired by sci-fi, cyberpunk, and anime pop culture, centered around a sprawling story with an online graphic novel theme.

The collection launched on OpenSea on October 7 and has since grown in volumes and average prices. There are 8,000 story character NFTs in the collection, and the floor price is currently 0.473 Ether (ETH), or around $620.

According to OpenSea, the average price at launch was just 0.04 ETH – around $50 – but by October 18 it had risen 900% to 0.44 ETH (around $570) with daily volumes exceeding 250 ETH. , or about $325,000, as of the end of last week.

The team behind the collection aims to emulate the popularity of Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) with branding, merchandise and commercial rights for holders.

NFT house sells for $175,000

Non-fungible tokens aren’t just for digital art, as an entire house has been sold on OpenSea as NFTs. The South Carolina property was listed on Roofstock, a real estate technology company that combines NFTs with physical property.

Related: A slice of punk: CryptoPunk NFT will be split into thousands of pieces

The three-bedroom house sold for 175,000 USD Coin (USDC) on October 15. Property tokenization has gained traction over the past year because it “creates frictionless transactions, simplifies the process, and makes information more readily available,” according to Geoffrey Thompson, blockchain manager at Roofstock.

A crypto-themed home with NFT art included has also been listed on social media for $1.2 million, according to Newsweek.

Decentraland Festival with Ozzy Osbourne

The Metaverse Decentraland platform is set to host its second virtual music festival in November. Free an event will be presented by Kraken and will feature 100 artists including rock legend Ozzy Osbourne, DJ Dillon Francis and rapper Soulja Boy.

This is the second year of the Metaverse Music Festival, its inaugural festival in 2021 attracted 50,000 virtual revelers over four days and featured around 80 artists.

More exciting news:

The anime-themed NFT project Azuki has released a Physical Backed Up Token (PBT), which is an open-source token standard that connects physical items to digital tokens on Ethereum. According to the October 17 announcement, the PBT intends to enable decentralized authentication and full ownership tracking of physical items.

The Solana-based Magic Eden NFT marketplace has moved to optional royalties where buyers can set whatever royalties they want for a project. This could prevent creators from receiving royalties when their works are sold and has divided the community, as Cointelegraph reported on October 17.

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