CryptoPunks Creators Simply Launched Meebits, NFT Resales Already High $3 Million


  • Larva Labs, the developer behind CryptoPunks, has launched a brand new set of randomly generated NFT avatars known as Meebits.
  • CryptoPunks signify a few of the priciest NFTs ever bought.

Larva Labs, the two-man improvement crew behind the wildly common CryptoPunks NFT collection, has announced a brand new set of NFTs known as Meebits.

The place CryptoPunks had been pixelated 2D icons, Meebits are 3D avatars rendered in voxels (pixels with quantity—therefore, “voxels”). They’re algorithmically generated, and connected to NFTs on the Ethereum blockchain, which implies the standard ethical concerns apply. 

With their blocky arms and vaguely cuboid heads, Meebits could remind you of the 3D characters from Minecraft or Roblox. That’s by design, in keeping with a press launch. “We predict that, similar to 8-bit pixel artwork, the minimalism and accessibility of voxel artwork will show timeless and endearing for generations to return,” write the builders. 

Larva Labs is Matt Corridor and John Watkinson; they got here up with the concept for CryptoPunks in 2017, some months earlier than the CryptoKitties phenomenon. The icons have since develop into a scorching commodity amongst crypto’s nouveau riche, with some promoting for upwards of $7 million. There’s even a Twitter bot devoted to monitoring CryptoPunk transactions.

In case you already personal one in all Larva Labs’ earlier NFTs (that features the studio’s second generative NFT challenge, Autoglyphs), you possibly can declare a free Meebit for the subsequent seven days. Whichever Meebits aren’t claimed by the top of the week, of the 20,000 whole, might be bought immediately from the corporate. Up to now, these NFTs have already generated 1,120 ETH in gross sales on the resale market, in keeping with data from OpenSea. That is greater than $3.7 million at immediately’s costs.

A part of the enchantment of CryptoPunks is scarcity: there are solely 10,000 whole CryptoPunks, however even with double the provision, Meebits are poised for fulfillment: one already sold for almost $675,000 earlier immediately.

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