Why does the mysterious Defi whale reproduce an identical version of Cryptopunk NFT?
Original title: "Why is the mysterious Defi whale reproducing an identical version of Cryptopunk NFT?
Original source: chain smell
NFTAs a non-homogeneous token, each coin is irreplaceable and unique, and this unique attribute is naturally suitable for application in the field of art NFT with unique value. That is to say, when we cast a NFT work of art on the blockchain, it is equivalent to the registration and confirmation of rights to the work, the creator of the work, the owner of the work and all subsequent transaction records will be recorded on the chain.
However, this is only true if there is a blockchain, onceAcross the chainIt is still possible for the same work to be submitted many times by malicious people.
DeFiThe recent craze Cryptopunk NFT has been reproduced by DJ484 and copied to BSC Currency,Intelligent chainOn the issue,Each punk can be minted with one BNB token, with a total supply of 9,999. The punks sold out in less than an hour after their release.
This is equivalent to sending a set of identical pirated Punk NFT on Binance smart chain, the holder is equivalent toyThe originalThe etheric fangThis is clearly a deliberate social experiment and a value test to see if the buyers are real punks or fake punks.
A long-planned social experiment?
Defi Whale 484 was originally named on Twitter0xB1, so what is TA trying to do by releasing a set of identical Punk Pirate NFT?
For the buyers who get this group of Punk NFT, compared with the original Punk at the lowest price of $35,000, it seems to be a good choice to cast a crypto Punk NFT by spending a BNB on the BINAN smart chain.
Cryptopunks were the first digital artworks on ethereum to have a built-in method to verify unique ownership, with a total supply of 10,000. The basic components of CryptoPunks, which consist of 10,000 numeric characters, are classified as rarities depending on their types (such as alien, ape, zombie), headpieces, beards, hoodies, and so on.
As CryptoPunks became more and more popular, interest in buying CryptoPunk surged. In the last quarter of 2020 and the first two months of 2021, sales around Cryptopunk have reached tens of millions of dollars.
The on-chain data showed that on Feb. 22, a whale bought 34 Cryptopunks NFTs within 20 minutes, costing 557.5ETH, about $1 million. Spencer Noon speculates that the whale is a billionaire riskinvestmentChamath Palihapitiya, founder and chief executive of investment firm Social Capital and chairman of aerospace company Virgin Galactic, is a founder of the company. Chamath Palihapitiya is a US-based venture capitalist, engineer, SPAC founder, and founder and CEO of Social Capital. An early senior executive at Facebook, Palihapitiya is a next-generation star venture capitalist who specializes in exploiting the value of undervalued tech companies and little-known software startups, and a bitcoin supporter.
Another NFT Punk numbered 6487 was sold to address 0x1DA533 at 550 ETH to 0x561786 for approximately $1.05 million.
NFT Punk, numbered 6487, is a female Punk with a bald head
In addition, in order to participate in the panic buying, this activity also let users who did not know about the smart chain of Binance begin to experience the smart chain of Binance for the first time. Many buyers have expressed that, "their first use of BSC Binance smart chain, it is really very smooth to use, and compared with the hundreds of dollars of gas fees on Ethereum, cheap transaction costs are more acceptable.
The BSC delivers a lower processing fee experience than Ethereum DEFI, and the key numbers are also pretty good:
BSC TVL has broken through $9.6 billion, from $680 million on January 26 to $9.614 billion on February 24, an increase of more than 1310%, far exceeding the growth rate of Ethereum.
And most importantly,BSC Binance smart chain ecology has also risen and expanded rapidly in the five months since its launch, and formed a preliminary prototype of a complete ecology, mainly formed to DEFI, NFT andThe game, the development of a three-part ecosystem, coveringThe wallet, infrastructure, derivatives,Stable currencyAnd so on nearly 26 different fields.
Influenced by the above, the leading currency of BSC ecology, BNB, has risen more than 5 times in the past month, far exceeding ETH in the same period.
However, if you know the DeFi large whales in the 484 s, it's not hard to speculate that ta launched this is clearly not an activity in order to give a punk NFT buyers to provide cheaper alternative, more can't be in order to bring money intelligence chain drainage early user experience, as most of the buyers and audiences have speculated that it may be a planned social experiment for a long time, the next big buyers may be called on to destroy these punk NFT.
484 Who is there?
484, formerly known as "0XB1" on Twitter, is a recently rising DEFI whale, whose DEFI token holdings account for up to 99%. It is also an early participant in several DEFI projects. One of the accounts, which is only more than 5 months old, holds more than 30,000 ETH in DEFI token holdingsIncluding the KeeperDAO, Badger, Digg, YFL, YAX, UNI, 1Inch and many other DEFI blue chip projects.
The incredible rate at which 484 has accumulated wealth over the past six months and her high profile, unlike other whales, has made her a flag of the DEFI world"As an important" weathervane "of the DEFI project", tracing the address of his wallet's holdings of assets is considered to be mined DeFi alpha projectThe simplest and most efficient way to do this.
The 484 is not only active in various DEFI protocols, but also I am also interested in NFT. Recently, '84 awarded $150,000 in prize money to the NFT Memorial Competition. In January, 484 also bid unsuccessfully for a very rare Cryptopunk collection at a high price of 600 ETH.
In addition, 484 bought three pieces of the Cryptopunk collection at 130 ETH each; Purchase of a joint MPE and Badger payment for the Defi liquid mining fire at 88.8 ETH.BTCThe Whitepaper "; Purchased two NFTs of the same edition on Rarible sold and created by Mark Cuban, the billionaire owner of the Dallas Mone Ranger of NBA, at 65 ETH, and destroyed one of the NFTs after purchase, reducing the original 10 editions to 9 editions. Interestingly, cryptographic artist Beeple sold three pieces of open cryptographic art NFT on the Nifty Gateway by 484 recently at the price of 333.666 ETH all packed to buy, and these NFT will no longer be available for sale.
484 was also a very active DEFI donor, contributing money to several DEFI projects, such as ZENG to DeBankThe ethereum address debanker.eth hit 5ETH thanks to the debank asset overview feature for fast integration of multiple DeFi protocols.
From this, we can sketch out a user portrait of the Defi whale:An active DEFI heavy user who not only believes in openness and decentralization, but is also willing to try and fund some early pilot projects, is also a solid DEFI practitioner and evangelist.
Destroy fake punk and become real. Punk?
In fact, as soon as the event was launched, it already caused widespread controversy, not only some peopleQuestion the motives of 484"And punks on both chains have a" debate about who's the real thing. Punk?" The debate.
Speculation, the next step towards these NFT may be spontaneous destruction by the buyer, In order to protect the benefit of the original punk NFT authors and holder, and traced an NFT work real author and the holder can completely through open source Code and write validation rules on the chain of public view, which is encrypted punk's core spirit, namely "In math we way, the Code is the law."
In fact, NFT punks are already being destroyed by buyers.
Moreover, the act of "destruction" is very much what the Defi whale of "484" would have done.
Users familiar with 484 May remember that TA once tweeted in the 2020 year-end summaryIt was revealed that "Bansky" would be coming to NFTDomain things.
Bansky who is it?
Bansky is an anonymous British graffiti artist, activist, film director and painter. His street works are full of strong political style, and with irony, accompanied by some subversive, cynical black humor and subtle sentences; Its graffiti, mostly rubbings using unique templating techniques, is a form of artistic social commentary that has appeared on streets, walls and Bridges in cities around the world, and even become a fascinating feature of the local city.
But let Bansky fame even ones is a self-destruct events, on October 5, 2018, one of the most famous work in Banks' holding a Balloon Girl (Girl With a Balloon), sotheby's in London, it was during the 2006 drawn by himself, copy the picture, clinch a deal With the price of 1.06 million pounds, but in the clinch a deal at the moment, painting is hidden within the frame of the shredder, half, half Girl of picture on the head is cut into pieces.
]
Soon after things happen, Bansky posted a video on them "surrender", will show their secret shredder is installed inside the painting process, the video reference the Picasso: "destroy the impulse is to create the impulse," Bansky said it was a carefully planned the layout for many years, had originally planned to all ground, but half destroyed by cardboard. Despite the destruction, the winning bidder was still willing to pay ￡1.06m for the work.
As an anonymous street artist, Bansky's own graffiti painting, which was painted on walls and printed on T-shirts, ended up in a rich frame, framed as a cultural symbol, a form of capitalization. Bansky has orchestrated this auction of broken pieces to challenge the idea of the capitalization of art.
In the end, rather than being destroyed, "Balloon and Girl" was remade on the spot as a new work born at auction -- "Love Is in the Bin," whose value was raised by topical effects. One gallery director estimated that the painting would be worth more because the higher the value of the artwork, the more it was advertised.
Apparently, 484 is also a fan of this destruction. A review of Twitter posts from April 2004 reveals that TA once executed a Twitter vote to destroy the NFT collection published by Lindsay Lohan, for Lindsay Lohan's public support of Sun's project. Click on the Here, Look at the Proof of Burn.
In this case, 484 is just trying to get the public to pay attention to NFT and use itA social experiment in BanksizationSo we have to seriously think about the real value of NFT, if you can copy the same NFT artwork on another chain, and can sell, then What is the value of NFT?
Unlike Bitcoin and Ethereum, NFT is a non-homogeneous token, each one of which is unique. In the application scenario of art assets, NFT's unique scarcity and copyright verification mechanism traced back to the creator are what make NFT valuable.
Unlike Bitcoin forks, where the winner is usually the side with the broader community consensus, the NFT fork also embodies the work and value of the creators, which are also of unique value to the buyers. If everyone copied and pasted everyone else's work on another chain and it was reasonable to exist as long as someone paid for it, NFT would have no value of its own.
Apparently 484 deliberately provoked such a value observation test, as well as a screening experiment, to test your beliefs by initiating a punk NFT fork event:Is it real punk or fake punk?
We can't predict where this event will end up, but we do know that this social experiment has just begun, and that it will be up to NFT holders to decide whether to destroy or keep it. Those who choose to keep it will spontaneously form a market. After the destruction of some NFT punk, the art that is not destroyed will become rarer fakes and become decentralizedexchangeOn the spontaneous formation of a secondary market.
Those who destroyed copies of NFT Punk passed the values test of '84 and became real punks by destroying fake punks. Such destruction will be carried out as a proof of workPermanently recorded on the Ethereum blockchain, deserving of (kong) (tou) the NFT Really. Punk Medal.
Source:
https://www.chainnews.com/articles/844193003988.htm
https://www.chainnews.com/articles/397258136842.htm
https://www.chainnews.com/articles/308959402011.htm
https://zh.wikipedia.org/wiki/%E7%8F%AD%E5%85%8B%E6%96%AF
The original link
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