NFT clone Punks: Right or wrong?

Published 12/10/2021, 09:35 AM
Updated 12/10/2021, 10:00 AM
NFT clone Punks: Right or wrong?
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“Can someone explain to me why NFT clones are selling for so much? asked Redditor LittleDoofus a couple of months ago.

NFT clones cash in on successful NFT collections by releasing similar or even identical copies of the art under similar sounding brands. LittleDoofus wanted to know how we have suddenly ascribed so much value to NFTs, let alone mere copies of celebrated NFT artworks?

CryptoPhunks did the bare minimum possible to distinguish themselves from the originals. (Source: Twitter (NYSE:TWTR))
CryptoFunks on the other hand are derivatives that trade off the original while doing something different. (Source: OpenSea)

Emerging digital property rights

Open source revolution driving high prices, even for Clones

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Clone punk creators

Punk Portrait #143 (OpenSea)
While using the Punk theme, Lawrence clearly has his own style (Source: OpenSea)
They do look familiar (Source: Bastard Gang Punks, OpenSea) https://opensea.io/collection/bastard-gan-punks-v2)

NFT community culture has a sinister side too

The Kimmies NFTs (Source: Twitter)

Prices symbolize the revolution?

Continue Reading on Coin Telegraph

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