We have an amazing blockchain
As some of you may know already, Punks have made it to Hive thanks to @themarkymark and his project @blockheadgames. I am still relatively new to the whole NFT scene, but I am super excited about this project.
The first NFTs that I ever bought were the Rare Ghost Club NFTs. They are cool and all, but dealing with OpenSea and the fees on Ethereum are ridiculous.
I ended up minting 10 of the ghosts, which should have only cost me 0.8 ETH to do, but with ETH gas fees, it was a lot closer to 1.3 ETH or so. It is hard to tell exactly how much I spent because I would also lose money sending ETH from one wallet to my MetaMask wallet.
The green ghost I got was pretty rare and according to their rarity tools, I could probably sell it for around 1.2 ETH, but I don't think people would pay that much for it quite yet. So I was going to list it for 1 ETH. To list something on OpenSea, you need to pay gas fees for that as well, which today, those gas fees were only 0.062935 ETH, or around $292 USD. The past week, I have seen gas fees of around 0.1 ETH, or almost $500 USD just to list.
The reason I am saying all of this is because what we have here on Hive, a lot of people take that for granted. Our block times are ridiculously fast and the big thing is that we have ZERO fees for transactions. We could essentially send 1 Hive back and forth between wallets a thousand times and at the end of that last transaction, we would still have 1 Hive.
That would be impossible on ETH. But what ETH has that we don't have is the userbase. We already have one of the biggest Dapps in crypto gaming with Splinterlands, and I think that once people realize what we have here, it will be huge.
Right now during HiveFest, the Punks are only 20 Hive to mint, so I went ahead and just minted two of them for now. I do have plans on minting some more once I get some more liquid funds in.
One of the Punks that I minted was this one above, which has a pretty high rarity score.
One really cool thing about Punks on Hive is that the rarity database is constantly being updated when new Punks are minted, since they are minted on the fly. So my Kiaan Punk continues to get more and more rare as other Punks are being minted.
This is the other Punk that I minted this morning. He isn't as rare as the other one, but he does have a pretty dope looking pipe.
I just got done listening to Marky talk about the Punks at the Hive Fest presentation and I am super excited for the future of this project. NFTs are bringing a lot of people into the crypto space and I really think that these Punks will do some good for the Hive community.