CryptoPunk NFT Prices Skyrocket

The Punters Pick #17 — Increasing NFT prices attract gamers and other users to the digital asset marketplace

CryptoPunt Development Roundup

Over the past week, we made significant progress on several areas which will be central to the CryptoPunt application. Smart contracts related to some of the key games and functions were improved while we also made updates relating to the mobile application.

  • We completed integrations related to the CryptoPunt Vault (i.e. storage) smart contract allowing users to complete actions such as managing funds
  • The smart contract related to the Coinflip game was also updated to collect fees for the game
  • We made progress on the development of the mobile version of CryptoPunt over the past week such as carrying out research on how to integrate the mobile version with the current desktop version
  • Over the next week, we will work on improving the mobile responsiveness of the application
  • Over the next week, we will also begin development of our multisig wallet solution
  • We will also establish a bridge between the Ethereum network and the Polygon network for the CryptoPunt token

The explosion of CryptoPunks

CryptoPunks are 10,000 uniquely created collectible “punks: whose proof of ownership is stored on the Ethereum blockchain. CryptoPunks was originally launched in 2017 and could initially be claimed for free by anyone on the Ethereum network.

Blockchain gaming offers broader access to NFTs

However, given the already high and rising prices of CryptoPunks, this segment of the NFT market is only accessible to those with significant investment portfolios. However, other implementations of NFTs are more accessible and are attracting wider audiences. Blockchain-based gaming is one NFT application that has secured a significant user base that is growing exponentially. Axie Infinity, an NFT-based gaming application that allows users to compete for NFTs that represent pets, has secured over 1 million daily active users and this figure is growing.

About CryptoPunt

CryptoPunt is a next-generation gaming and gambling Dapp. Underpinned by the Ethereum blockchain, CryptoPunt is positioning itself to be the leading blockchain-based gaming application. Users can start gaming in less than one minute with no KYC or registration process. CryptoPunt will offer a broad suite of games, including an option that has a virtual world and an in-game economy.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store