GIBRALTAR, UK, 14 August 2022 (GLOBE NEWSWIRE) — Over 57,000 community members have signed up unique network A campaign to fragment $86,000 Cryptopunk and share its future value despite bear market conditions.
Crypto promised the exact opposite of the exclusive community that now surrounds the iconic NFT brand. Join the “Club” and you’ll get tens of thousands of dollars back.
in that campaign own network It shows how, with the right tools and the right network, you can put NFTs back in place and give everyone an opportunity to invest.
“In a way, we are trying to take punk culture out of the hands of the powerful and the wealthy and back into the hands of the people,” said Unique Network CEO Alexander Mitrovich.
“This is an exciting moment for interoperability. Fractionation of Cryptopunk #3042 heralds a new era of accessible, exchangeable and cross-chain shareable NFTs at a fraction of the cost. If the community claims their fractions, there will be more addresses that own Cryptopunk and its fractions within the Polkadot ecosystem than Ethereum.”
The best part is that Unique Network is giving away these cryptopunk fractions for free. In addition to Substrapunk NFT parts and chest NFTs, the trader can store parts of herself and other of her NFTs within them to create unique and tradable bundles.
Splitting high-value assets such as stocks and artwork into smaller pieces is already a common practice. It gives each investor exposure to the value of an asset without assuming the risk of owning the asset.
Despite the current market downturn, joining the Cryptopunks club requires around 70 Ethereum (about $80,000), with the most expensive ‘punks’ listed for millions of dollars.
This is the main reason Unique Network chose this asset. The next step in this RFT journey should bring cryptopunk into a narrative where the new owners of fragmented punk can participate and benefit.
A Parity Technologies spokesperson said: The Unique Network team demonstrates their commitment to increasing adoption and decentralization. We are excited to see the team energized as they experiment with the infrastructure that will build the future of Web3. ”
About Unique Network
own network Next-generation NFT infrastructure. Unique Network, the first of Kusama and Polkadot’s NFT chains, frees developers from high network transaction fees, high density of upgrades, and siled his NFTs. The Unique Network team has partnered with a number of his NFT projects to deepen the integration needed to extend the use cases and usability of NFTs.
About Parity Technologies
parity technology is a core blockchain infrastructure company creating an open source Creative Commons that empowers people to create better institutions through technology.