With the release of the SmartBCH sidechain and the introduction of smart contracts, developments are rapid in new Defi platforms, Dapps, and NFT collectibles.
After Poolside Puffers, another NFT series on SmartBCH sold out.
LawPunks had a pool of 10,000 NFTs and the last one was minted yesterday. This is one of the first NFT collectible series on SmartBCH and a very successful one so far.
The first four in this collection are unique, containing popular figures of the crypto space, and it seems they contain an enormous collectible value.
There are many rare LawPunks and depending on their stats, and the mint number, the rarity increases.
In the last 24 hours, two records were broken in LawPunk trades, since two of the top-4 NFTs (No:4 and No:3) were sold for 6BCH (~$3800) and 33BCH (~$21,500) respectively!
Two big sales: #4: 6BCH, #3: 33BCH
Law Punks have been active for more than a month, and just a couple of days ago 50% of the tokens were minted. Yesterday, though, one event changed the demand on LawPunks drastically.
What we witnessed after that sale is quite amazing!
Just hours after the sale of “Cizi” for 6BCH, NFT collectors minted thousands of Law Punks in a frenzy! It took about 10 hours for thousands of LawPunks to be bought and eventually the pool run dry.
And this 6BCH record was massively broken just hours later!
Today LawPunks #3: JustingF..Sun was sold for 33 BCH!
The page above contains the details of this sale.
It is quite remarkable for a new network like SmartBCH to see such growth so early. As with the case of Poolside Puffers that sold 2,100 NFTs, LawPunks now sold 10,000 NFTs and the trading volumes are proliferating.
The price of LAW token, which can be used to buy the LawPunk NFTs instead of BCH, has also more than doubled and reached 160%, holding a current total market cap of $1.29 million.
Lawpunks can be traded at the BlockNG website (link) for either BCH or Law tokens.
There is a rumor about the OpenSea marketplace introducing SmartBCH NFTs.
I don't follow rumors often, but mostly announcements, still when there is an NFT market with high volumes and huge interest, OpenSea is certainly going to try to integrate it.
It would be simple to add the SmartBCH market since it is EVM compatible and OpenSea would require just minor adjustments in the marketplace code.
It would choose to add SmartBCH since it will increase traffic and fees. However, we have also news on developments of SmartBCH exclusive NFT marketplaces that will be soon released (e.g. OASIS).
I am expecting a massive influx of NFT creators in SmartBCH, and perhaps with this kind of excitement by collectors (buyers), this event could induce extremely bullish conditions.
Lead Image from: Unsplash, by Maria Orlova(modified)
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