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LawPunks: High Volumes in the SmartBCH NFT Field

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Avatar for Pantera
Written by   783
1 month ago

While we are waiting for the OASIS marketplace to finish developments, we also witness a spike in NFT volumes, with activity concentrated on the BlockNG website, responsible for the release of Law Punks.

Two days ago, the last Law Punk (#10,000) minted, and we now observe trading has intensified in the LawPunks marketplace.

LawPunks are trading at a fast pace, and volumes for these NFTs are skyrocketing.

The recent sales of some of the top NFTs caused soaring interest by NFT collectors and the floor price is now raised to 0.05BCH (~$31) for the most common LawPunks.

Some rare NFTs with unique features are trading at higher prices. With a rough estimate, 5 Law Punks sold every hour, reaching over 100 daily sales.

This intensifying interest was induced by the sales of the top NFTs Cizi and JustingF..nSun. After that, we watch the floor price increase and certain types of Punks (alien, demon, ape) in high demand.

Some of the latest sales and floor prices

The latest sales are between 0.5-2.22BCH depending on the rarity of the NFT.

Details

Details

These are just two of the top sales made just today.

Floor prices for certain types of Law Punks are also rising.

Rarity

Using BlockNG marketplace we can sort results according to various types and features:

Source

The lowest price for a LawPunk right now is 0.045BCH!

And this is for a common LawPunk that doesn't contain rare features. Mint price for a LawPunk NFT was 0.01BCH, so the current ROI from these NFTs if we consider them an investment is right now 450% and rising.

Moreover, scrolling down the list we find that only a few Punks are being sold at this floor price.

Not going to proceed with more price speculation here, anyone that is interested can follow the marketplace and watch the price action in real-time from this telegram channel: https://t.me/LawPunksSale

When sorting by type we can find some rare NFTs like Alien, Ape, Zombie, Vampire, Orc, and Demon, besides the rarest collectibles Cizi, WuGiHam, JiangZeer, and JustinF...Sun that are unique.

Source

Apes for example have a floor price of 0.5BCH! in their most common form. With more rare features they are worth even more.

Source

Demons are selling even higher than apes. The floor price for a demon is 0,79BCH!

Mint Number is also important for some collectors

Usually, the mint number is important in all NFT collections. Depending on the total number of mints, this could be the first ten or first ten hundred, holding a higher collectible value.

This is visible from the first page of the LawPunks gallery, where we watch collectors have listed some of these Punks at a higher price.

Source

Number 6 LawPunk, for example, doesn't contain unique features but the owner understands the value of low number and it is one of the first that appears right below the first 4 unique Punks.

In Conclusion

Most recent sale for 1BCH!

Source

I was late with Law Punks and only started minting after the first sale of LawPunk: Cizi (#4) for 6BCH. It was a great advertisement for this NFT and as prices keep rising the interest from collectors keeps increasing.

There is massive interest for NFTs by the Bitcoin Cash community. The first two NFT collections (Poolside Puffers and LawPunks) had a professional approach. Their websites are modern and attract collectors. LawPunks also has a native marketplace for the NFTs, along with more options for its LAW token.

Both these NFTs were embraced by the Bitcoin Cash community, and this is the proof professional NFT artists need to begin looking and testing the SmartBCH NFT field.

Puffers, Punks, and other SmartBCH NFTs can be sold currently at ba.net, although this market has some difficulties since it requires manual handling of NFT listings for sale. Ba.net is a general NFT marketplace for various networks but currently has low volumes and is not dedicated to SmartBCH.

The interest will shift in a few weeks to OASIS which is getting ready and will become the first SmartBCH NFT marketplace.

Images:

Lead Image from: Pixabay , by tommyvideo (modified)


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Written by   783
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Comments

Hello my friend,

Very interesting article about the NFTs in the SmartBCH chain. I wonder what the people of https://www.Juungle.net are doing?

Sure, as far as I know, juungle minted NFTs are on the main chain.

Perhaps I will say an outburst, but it would also be interesting to open paths through SmartBCH for this initiative of the BCH community. That is, to present a showcase, through ineffectiveness, for other communities.

Of course, develop digital artist-friendly features that are also engaging.

$ 0.00
1 month ago

I checked the Juungle stats today. There have been a few transactions but sadly not too many. I'm sure there should be some kind of bridge and not completely dismiss the SLP NFTs or tokens.

$ 0.00
1 month ago

I checked the Juungle stats today. There have been a few transactions but sadly not too many. I'm sure there should be some kind of bridge and not completely dismiss the SLP NFTs or tokens.

I'm sorry to hear that the project has low statistics. Maybe, this needs an interface to upload NFT like the other platforms of other chains have and a little more advertising.

$ 0.00
1 month ago

Pretty sure there is a Twitter giveaway going on for one at the moment.

$ 0.00
1 month ago

There is one, I posted on noise.cash about it a little while ago. Take part, the reward is worth it.

$ 0.00
1 month ago

I was tagged in it and just did it the now and tagged you, I haven't seen your noise post will go there now.

$ 0.01
1 month ago

I also searched and subscribed, but how will they identify the address of winners wallet or they will demand for it after decision.

$ 0.00
1 month ago

They will ask for it, usually you message them after you have won

$ 0.00
1 month ago

It is very interesting but please Do write or share detail of NFTs on smart BCH and Opportunities in the NFT in coming days

$ 0.00
1 month ago

I plan to keep posting about NFTs, DeFi, and Dapps on SmartBCH and explain all opportunities the moment I find them.

$ 0.00
1 month ago

Nice write-up, it's really enlightening

$ 0.00
1 month ago

Awesome read, thanks for publishing!

$ 0.00
1 month ago

Wow, nice job so inspiring

$ 0.00
1 month ago