NFT too expensive? You can buy a piece of this CryptoPunk!

The Non-Fungible Token (NFT) was one of the big trends of the past bull market. But that huge trend has also made some projects totally unaffordable for the average crypto fan. Buying a piece of an NFT does not actually happen, but Unique Network is changing that. This company lets you buy a small piece of a CryptoPunk.

Fractional NFT

The popular NFTs are as infamous for their price as they are iconic of the crypto world. The bottom price of the ‘cheapest’ CryptoPunk for sale right now 74.5 ETH, or almost $ 132,000 converted. Of course, most people don’t just pull that out of their wallet.

Unique Network wants there make a change by CryptoPunk #3042 in 100,000 pieces to offer. The aim of this is to democratize the ‘globally recognized’ NFT series. In addition, it must demonstrate compatibility between different blockchains. Unique Network is a new piece of NFT infrastructure on Polkadot (DOT), while the CryptoPunks are on the Ethereum blockchain. Finally, according to the company, it is also a “blueprint for bona fide growth of the Web 3.0 community.”

Unique Network CTO Greg Zaltsev stated: “There are millions of people who identify with the trend [van Cryptopunks], but there are only 10,000. How can they be called ‘punk’ if only millionaires have access to them?”

Expensive NFTs

Non-Fungible Tokens have indeed become very popular, but the best projects are expensive as a result. Many of these unique avatars are for sale for hundreds of ETH, and that price point is reflected in who buys them. Last year an auction house was involved. Yuga Labs, the company behind the popular NFT project Bored Ape Yacht Club, got the idea to buy a series of CryptoPunks. Meanwhile, even Madonna finds the Bored Ape Yacht Club works too expensive.

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