CryptoPunk 4155 was exchanged for Bitcoin NFT Ordinal Punk 16, or the first time in the series
It is reported that @ OrdinalPunkSale disclosed on social media that CryptoPunk 4155 has been converted into Ordinal Punk 16, or the first Punk in the CryptoPunks series to make such conversion. CryptoPunk 4155 is a male punk with a front hat, earrings and goatee. According to the data on the chain, the NFT was traded at 81 ETH (about $138921) on February 16. On February 19, it was transferred from takethedeal.eth to the address at the beginning of “0916D6”. Previously, Jason A. Williams, the holder of “Boring Ape” BAYC # 1626, announced that the NFT would be permanently destroyed on the Ethereum blockchain and cast as “inscription 5413” on the Bitcoin blockchain.
Interpretation of this information:
The message reports that CryptoPunk 4155 has been converted into Ordinal Punk 16 and is the first punk in the CryptoPunks series to undergo such a conversion. The NFT was previously traded at 81 ETH (about $138921) on February 16 and was recently transferred to an address starting with “0916D6”. Additionally, the holder of “Boring Ape” BAYC # 1626 has announced that the NFT will be permanently destroyed on the Ethereum blockchain and cast as “inscription 5413” on the Bitcoin blockchain.
The conversion of CryptoPunk 4155 into Ordinal Punk 16 may indicate a new trend in the CryptoPunks series. While the reason for conversion is unknown, it may be due to the desire of the owner to modify and personalize their NFT, making it unique to them. This move could potentially increase the value of the NFT, as it sets it apart from other CryptoPunks.
The high value of CryptoPunk 4155, which was previously traded at 81 ETH (about $138921), could be indicative of the growing demand for NFTs, particularly in the case of popular and rare ones like CryptoPunks. The transfer of the NFT to an address starting with “0916D6” could be indicative of the owner’s intention to hold the NFT or potentially transfer it to another address.
The holder of “Boring Ape” BAYC # 1626’s announcement to permanently destroy the NFT on the Ethereum blockchain and cast it as “inscription 5413” on the Bitcoin blockchain could potentially devalue the NFT, as some may view it as a destruction of art. However, it could also create a new level of intrigue and rarity for the NFT, increasing its value to some collectors.
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