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.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/2737.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Why is Currency Profit Taking Limited in Range (Why is the Currency Market Short-term)?
Why is currency profit taking limited in range? We know that the trading rules
-
Introducing the Integration of the Encrypted Market Making Robot Hummingbot on ZigZag Exchange
On April 28th, it was announced that the Ethereum second layer ZK Rollup order book DEX ZigZag has integrated the encrypted market making robot Hummingbot. Senior traders can now u
-
Witch Hunting in the Blockchain: Kedar confirms 12,000 witch addresses in ZigZag DEX
According to reports, Kedar, founder of ZK Rollup order book DEX ZigZag, said on social media that 12000 witch addresses have been confirmed. The standard for …
-
Federal Reserve Maester: Expected inflation rate to drop to around 3.75% this year
According to reports, the Federal Reserve\’s Meister: I expect there to be a substantial improvement in inflation this year, with the inflation rate dropping to
-
Azuki Regains Control Of Instagram Account And Collaborates With Meta
According to reports, the NFT project Azuki posted on social media stating that it has regained control of its Instagram account and is collaborating with Meta
-
Why believe in Bitcoin (why not just ask for money)
Why Believe Bitcoin Why Believe Bitcoin? This is a topic about what we should invest in In the past few years, many people have purchased digital currencies (including BTC), but over time, they have become increasingly unwilling to sell their cryptocurrency assets. Now, some investors are interested in decentralized financial products such as Bitcoin and Ethereum, and are looking for other alternatives to deal with this risk. Therefore, there is reason to convince people who invest in these products – although they may not be successful, have high volatility, or even be unsustainable – they are still very trustworthy So what exactly happened? Let’s understand these three main reasons from the following aspects 1. Market manipulation At present, one of the biggest inflation facing the global economy is the continuous printing of money by the US government, which has led to the devaluation of the US dollar. At the same time, due to the United States’ economic stimulus plan, the…
-
Federal Reserve’s Minutes Indicate Gradual Interest Rate Hike
On February 23, Lee Hardman, a foreign exchange analyst at Mitsubishi UFJ, said in a report that the minutes of the meeting of the Federal Reserve on Wednesday…
-
CZ’s Cautionary Insight on Legal Currency Risk and Crypto Support
On March 12, CZ, the founder of Binance, said on the social platform that the bank is a risk for the stable currency supported by the legal currency. In respons
-
Seven Hours that Matter: Understanding the Importance of 7:00-12:00 am
7:00-12:00 Keyword: ARB, Ordinals, Federal Reserve, Stacks
Summary of important developments at noon on March 20th
Are you a morning person or a night owl? Eith -
The Mystery behind CryptoGPT Chat Robot’s Connection to OpenAI’s ChatGPT
On April 11th, it was reported that the CryptoGPT chat robot product Alex is suspected to be the ChatGPT launched by OpenAI. According to Alex\’s conversation re