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CryptoPunks are just an individual art group of Pog designers that don't issue Pogs, so it's Pogs minus the plastic waste of Pogs plus the energy waste of the E
by kafkaIncarnate 5y ago
CryptoPunks are just an individual art group of Pog designers that don't issue Pogs, so it's Pogs minus the plastic waste of Pogs plus the energy waste of the ETH blockchain.
Is it really that valuable? Kinda. There are a lot of rich people with rich kids that have no idea how money works, and will throw anything at a new fad.
The real winners here are the creators of CryptoPunks and other NFTs, though. The value will only be high with a great marketing campaign, so their profit would be what they manage to sell them for minus the marketing costs of elevating themselves over other NFT Pog makers.