CryptoPunks Fraction Token IPUNKS
1. Summary
- Description
-
The CryptoPunks Fraction Token (IPUNKS) is a digital token representing fractional ownership of a CryptoPunk. These high-value NFTs have historically been known for their high prices and low liquidity. To address this issue, this solution allows the fractionalization of the CryptoPunks, enabling access to the NFT market.
The CryptoPunks Fraction Token (IPUNKS) is a digital token representing fractional ownership of a CryptoPunk. These high-value NFTs have historically been known for their high prices and low liquidity. To address this issue, this solution allows the fractionalization of the CryptoPunks, enabling access to the NFT market.
Features
- It allows individuals to purchase fractional ownership of a CryptoPunk with a smaller amount of money.
- Each fraction represents a percentage of the digital asset.
- The tokens are ERC20 tokens, which is the most common Ethereum standard for smart contracts.
- These tokens can be traded, and if the NFT is sold, the owner can exchange the fractions for their corresponding value in Ethereum (ETH).
Platforms
- Fractional.Art: A platform that provides information on fractionalized NFTs, including implied valuation and available supply.
- NFTX: A platform that stores the fractional ownership of the CryptoPunks.
Access
- The tokens can be accessed and traded through liquidity pools, making it possible to buy or sell fractions without having to wait for the NFT to be auctioned off.
Background
- CryptoPunks are 24x24 pixel art images generated algorithmically, with unique designs such as punky-looking characters and rare types like Apes, Zombies, and Aliens.
- They are one of the earliest examples of Non-Fungible Tokens on Ethereum, inspiring the ERC-721 standard that powers most digital art and collectibles.
This solution increases accessibility and liquidity in the NFT market by allowing users to invest in high-value assets like CryptoPunks at a lower cost.
| Price | |
| 52W High price | $96.59 |
| 52W High date | 28th Mar 2024 (10 months ago) |
| All Time High (ATH) Date | 27th Mar 2024 (10 months ago) |
| ATH Price | $100.64 |
| % From ATH | -92.65% |
| All Time Low (ATL) Date | 15th Aug 2023 (1 year ago) |
| ATL Price | $1.01 |
| % From ATL | 633.66% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $87.00 |
IPUNKS
How does CryptoPunks Fraction Token's (IPUNKS) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-3.2%
IPUNKS
1.4%
Similar Market Cap
60 Day Return
-8.1%
IPUNKS
-12.7%
Similar Market Cap
1 Year Return
-18.0%
IPUNKS
1.9%
Similar Market Cap
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 22,006 |
| Twitter followers | 2M |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.gate.io/ |
|---|---|
| @gate_io | |
| Forum | https://www.instagram.com/gateioglobal |
Has CryptoPunks Fraction Token been audited for security?
No security audits found for this project.
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