Will CryptoSkulls be the new Crypto Punks? – Ethereum – US Dollar ($ETH)

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This week we saw another explosive project in the NFT world come to fruition. The latest pixel art pfp project to go viral, hinting that it could replace the Crypto Punks project is the CryptoSkulls NFT project. CryptoSkulls, a collection of 10,000 pfp pixelated skull NFTs, has garnered massive attention over the past 24 hours. The buzz comes after celebrity investor and entrepreneur Gary Vaynerchuk revealed in a Twitter space on Friday that he bought a CryptoSkulls NFT for 100 ETH.

Vaynerchuk’s decision to purchase a CryptoSkulls NFT came as no surprise to those who paid attention to what the entrepreneur likes about past NFT projects. CryptoSkulls, an NFT project launched in 2019, was one of the first 10,000 NFT projects to launch on Ethereum. The significance of the project’s early adoption of NFT technology has not gone unnoticed, and ever since Vaynerchuk revealed his interest in the project, NFT enthusiasts and investors have been buzzing with speculation that the project could be the next to see explosive growth in value over the next few years. several months.

Attention was first drawn to the CryptoSkulls project several days ago when collector Medved discussed the project on Twitter after finding it last fall. Right now, a CryptoSkull will cost you around 2 ETH or more, with prices averaging around there for most that are currently listed on OpenSea. Vaynerchuk, who bought a CryptoSkulls for 100 ETH, or about $300,000, says some of the older NFT projects are what catch his interest the most, calling them “vintage.” With so many new projects entering the NFT space in recent months, older projects are creating more value for themselves as collectibles.

In the long term, many experts predict that the NFT space will become a place of everyday consumer use, where items such as concert tickets, digital merchandise and other collectibles will be sold as NFTs. with the possibility of instant authentication and consumer rewards as a major incentive. for mass adoption. Today, investors are using space for collectibles, swapping one popular project for another, with 2 big investors selling their Crypto Punks for Cryptoskulls and others considering it.

Regardless of where NFT pfps end up, there’s no denying that the industry is ripe with massive investment opportunities that keep NFT enthusiasts looking for the next big thing. Currently, pfp NFTs are sold in huge numbers, often surpassing the unique works of art sold on OpenSea as individual pieces. CryptoSkulls, which has a lot in common with other successful projects like Crypto Punks and Bored Ape in terms of massive community and celebrity investors, quickly grew in both trading volume and price floor to nearly 4 ETH. The project also gives holders full license rights, which is another similarity it shares with other successful NFT projects.

For the latest projects of interest to major investors, follow our blog. There are many opportunities for growth in the NFT space, and massive projects crop up regularly. With more people selling their Crypto Punks for CryptoSkulls, there is no doubt that the 2019 project could become the next major project to offer investors massive returns. Since the Twitter Live, the project has become one of the best-selling projects on OpenSea in the last 7 days.

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