The Ethereum Classic team presented its own NFT collection | NFT / BTC / DEFI News 📣
The Ethereum Classic team presented its own NFT collection
For many blockchain projects and cryptocurrencies, entering the NFT space is a way to stimulate price growth and user activity, while attracting attention.
Ethereum Classic (ETC) has recently tried this strategy.
In his Twitter account, Ethereum Classic published a video about the NFT project “ETCPunks”, which responded to claims about the lack of its own NFT, simultaneously asking the question:
What did you say about ETC and NFT?
If a trader looks at the ETC Punks project, he may remember the Ethereum CryptoPunk series from Larva Labs. On their Twitter account, ETC Punks tried to point out the difference between these two collections, stressing that this time Larva Labs did not participate in the creation of tokens.
By the way, this year Visa bought a cryptopunk based on Ethereum, which cost it about $150,000. This may indicate that Ethereum Classic hopes to attract the most influential players or even compete with the second largest blockchain in terms of market capitalization.
By the way, the ETC Punks collection consists of pixel avatars on a green background. What is the key difference between an NFT project based on Ethereum Classic is that purchases will take place at random and the distinctive features or uniqueness of NFT will be disclosed only after the transaction.
At the time of publication of the article on the ETC Punks website, it was written that out of 10,000 characters there were 6,285 left.
The launch of NFT projects can attract new users to the stage of DeFi blockchains, and Ethereum is an example of this.
According to Etherscan, the fourth largest “gas eater” at the time of publication was the OpenSea NFT trading platform, the total commissions on which over the past 24 hours amounted to $2,757,104.61 or 609.74 ETH.
Over the past seven days, sales of the CryptoPunk Ethereum collection on OpenSea have increased by 1178.81%, showing volume of 131,409.74 ETH. In addition, if you look at the statistics from Q3 2020 to Q3 2021, sales at OpenSea increased by about 141847%.
As for Ethereum Classic’s own price indicators, altcoin underwent a significant sale at the end of October. As a result, its price fell below $50.
However, at the time of publication, the price of ETC had risen again to $53.3, with altcoin ranked 35th in market capitalization according to CoinGecko.
