Punk Rock NFT madness!

By Crypto Devine | Bulletin Board | 8 Aug 2021


The pic below is offered for sale at $171,870,000.

20c104313dae8c73e183623c8da2568c5959e2e37c7edd26249d56b30904e1c7.png

Don't believe me? See here.

OK so it's not strictly just a pic, it's digital artwork secured by an NFT (Non Fungible Token). An NFT secures it's uniqueness within the digital art world, i.e. it cannot be duplicated.

It's characteristics can further be defined from the website Larva Labs as;

d6fc6e962b538307c185b813fca7d4efd217c56e26b07c5f27a4719fe459ced8.png

Still not convinced it's worth $171m?

From a Tweet;

Punk #8348 owned by @seedphrase is the only 7 trait punk to ever exist.

7 traits meaning it includes the above 'accessories'.

Convinced about it's value yet? Nope, neither am I.

Here's one I knocked up in about 10 minutes. The smoke and the cigarette being the only changes I made;

f0a9aad2be4b7a0ea5068461acbc95096a704dc0eed5e2eda0ebab327ca85c11.png

So what's it all about?

Similar to the Crypto movement, the NFT craze has seen it's biggest upturn since conception.

For a tad over $30m (ETH 9,999) you could own this classic piece;

496460b7605222c275ecf499f22ce51cd8081ded9c944e02d2eee21a8ba9f2b5.png

For comparison this is Portrait of Dr. Gachet painted by Vincent Van Goch in 1890 with a current cost of ~$163m;

8d83a73604e871436bd48c9428862a5e9fb1500d089e14e64ab6ffe696f23345.jpg

To be honest I wouldn't waste my money on either. But the choice between owning a physical masterpiece as opposed to a unique number is a no brainer.

How do you rate this article?

11


Crypto Devine
Crypto Devine

Technical writer gone wild. Writing helps me understand things I'm interested in. At 64yo keeping up with the incredibly fast moving Crypto world keeps me sharp.


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