First Conversion of CryptoPunk 4155 into Ordinal Punk 16
It is reported that @ OrdinalPunkSale disclosed on social media that CryptoPunk 4155 has been converted into Ordinal Punk 16, or the first Punk in the CryptoPu…
It is reported that @ OrdinalPunkSale disclosed on social media that CryptoPunk 4155 has been converted into Ordinal Punk 16, or the first Punk in the CryptoPunks series to make such conversion. CryptoPunk 4155 is a male punk with a front hat, earrings and goatee. According to the data on the chain, the NFT was traded at 81 ETH (about $138921) on February 16. On February 19, it was transferred from takethedeal.eth to the address at the beginning of “0916D6”. Previously, Jason A. Williams, the holder of “Boring Ape” BAYC # 1626, announced that the NFT would be permanently destroyed on the Ethereum blockchain and cast as “inscription 5413” on the Bitcoin blockchain.
CryptoPunk 4155 was exchanged for Bitcoin NFT Ordinal Punk 16, or the first time in the series
Interpret the above information:
The message reveals that CryptoPunk 4155 has become the first punk in the CryptoPunks series to be converted into an Ordinal Punk 16. This conversion is significant, as it changes the value and rarity of the NFT.
CryptoPunk 4155 is a male punk who wears a front hat, earrings, and goatee. The NFT was traded for 81 ETH, which is equivalent to $138,921 on February 16, according to data on the blockchain. The transfer of the CryptoPunk 4155 to the address at the beginning of “0916D6” was made on February 19.
The message also highlights Jason A. Williams, the owner of “Boring Ape” BAYC # 1626, who announced that he would permanently destroy the NFT on the Ethereum blockchain and cast it as “inscription 5413” on the Bitcoin blockchain.
The NFT market is rapidly growing, and CryptoPunks are considered one of the top NFT projects globally. The CryptoPunks series consists of 10,000 unique 8-bit characters, with each representing a unique combination of characteristics. The rarity and uniqueness of each punk make them valuable and sought-after.
The conversion of CryptoPunk 4155 into an Ordinal Punk 16 increases its rarity and value, making it more attractive to collectors. The process of converting a CryptoPunk into an Ordinal Punk involves the addition of a number sequence to the punk’s original designation. This process creates a new series of NFTs, with each number indicating a new, unique punk.
The announcement by Jason A. Williams regarding the destruction of the NFT on the Ethereum blockchain and casting it on the Bitcoin blockchain underlines the importance of cross-chain communication. The integration of different blockchains is essential for the growth and sustainability of the NFT market.
In conclusion, the conversion of CryptoPunk 4155 into Ordinal Punk 16 highlights the value and rarity of CryptoPunks. The NFT market is continually evolving, and the integration of cross-chain communication is essential for the growth of the ecosystem.
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