It’s a battle of the fittest which has quietly been going on between the bored ape community and the crypto punk community. Both are built on Ethereum blockchain, crypto punks puts it’s self an outright market domination.
Experts predict that the bored ape will out run the long standing champions crypto punks. In less than forty eight(48) hours bored apes became the most valuable asset in town, according to a publication by opensea.io. This success came from the marketing skills which were adopted by the development team. With bored ape hitting the mainstream, which at the moment is regarded as the celebrity Non fungible token because of the massive buy-in by celebrities such as lil baby, Dj Khalid, post Malone, future. The bored ape token is currently selling 1.21 ETH higher than crypto punks nft floor prices, currently none of the crypto punks NFT are currently available for sale on open sea does that mean that it has reached its end?.
Why the flip?- This flip was caused by owning IP rights, as of now the bored ape NFT IP rights is better off than the crypto punks cause when you buy a Bored ape NFT you have the sole right of using it for commercial purposes. You would have seen social handles like Twitter immediately these celebrities buy in they change their display photo to their NFT.
This simple marketing strategy saw an increase in the price of the bored ape non fungible token. When you own a crypto punk you don’t get the sole right to use your NFT for commercial purposes.
Cryptopunk, which was created in 2017 which placed it as an OG in the non fungible Eco space with the amount of experience gathered, should have been able to make strategic improvements in their development. Before I joined Hive I had never heard of crypto punk, it’s owning one really worth it.