Buy a SolPunk
For an OG like Solpunks nothing compares to being bullish on what is clearly one of Solana’s leading NFTs. But do you know the secret behind its stamina to endure even the worst bear market?
Let’s find out!
Solpunks, a 10,000 collection of pixelated NFTs parodising Larva Labs’ cryptopunks, is otherwise known as punks-on-solana.
There are five key-points about this vast collection that everyone should be familiar with. One, it is the very first NFT to mint out on Solana; two, it is the first NFT to be traded with SOL; three, it is an homage to the legendary cryptopunks living on the Ethereum blockchain; four, it has its own DAO(Decentralised Autonomous Organisation). And five, it earns royalties from trading on OpenSea, Solanart and MagicEden.
Bringing all the above recipes together makes Solpunks one of the most genuine and ambitious NFT projects in the Solana ecosystem at a time when the interest in crypto is at an ATL(All time low). They can also provide us with some clues as to why some NFTs have a potential for becoming a blue chip amid the dwindling confidence in the future of NFT itself.
Solpunks is the NFT of the future
In the last couple of months Solpunks floor price saw a significant increase from around 7 SOL to 11 SOL and this was all thanks to its listing on OpenSea in April. However, a rising floor price, which can only indicate that an NFT collection is gaining traction in the crypto community, is Solpunks’ way of preparing itself for the long haul.
As a DAO-run entity, Solpunks can be best described as a future-oriented collection seeking to leverage the opportunities of an industry that is constantly exploding with brilliant innovations and it has its energy expended on building strategic partnerships with NFT projects within and outside the Solana ecosystem.
Pump or dump! Bear or Bull!
One lesson from investing in Solpunks is that being bullish should not only be a function of the rising floor price of an NFT but also an act of believing in the trajectory of an NFT project and its ability to deliver on its long term promises.
Solpunks represents a vast opportunity in a bear market not because it is backed by a DAO but because it has a lot of potential to reach new frontiers as an OG within and outside Solana’s NFT space. After all, the edge it has over a host of other NFTs in the ecosystem is that it is one of the most traded collections by Solanart’s trade volume.
Holding a punk can be compared to buying the stock of a promising company when it is cheap, and listing it when it is profitable teaches one a lesson on how to invest in NFTs in an industry with a growing number of crypto scams. This attitude makes solpunks holders one of the most optimistic and strategic investors in the NFT space.
