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First CryptoPunk undergoes Ordinal Punk conversion

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It is reported that @ OrdinalPunkSale disclosed on social media that CryptoPunk 4155 has been converted into Ordinal Punk 16, or the first Punk in the CryptoPu…

First CryptoPunk undergoes Ordinal Punk conversion

It is reported that @ OrdinalPunkSale disclosed on social media that CryptoPunk 4155 has been converted into Ordinal Punk 16, or the first Punk in the CryptoPunks series to make such conversion. CryptoPunk 4155 is a male punk with a front hat, earrings and goatee. According to the data on the chain, the NFT was traded at 81 ETH (about $138921) on February 16. On February 19, it was transferred from takethedeal.eth to the address at the beginning of “0916D6”. Previously, Jason A. Williams, the holder of “Boring Ape” BAYC # 1626, announced that the NFT would be permanently destroyed on the Ethereum blockchain and cast as “inscription 5413” on the Bitcoin blockchain.

CryptoPunk 4155 was exchanged for Bitcoin NFT Ordinal Punk 16, or the first time in the series

Interpretation of the news:


CryptoPunk 4155 is the first male punk in the CryptoPunks series to undergo an Ordinal Punk conversion, according to an announcement made on social media by @OrdinalPunkSale. The NFT was recently traded on February 16 for a whopping 81 ETH, which is equivalent to approximately $138,921. Three days later, the NFT was transferred from its initial location, takethedeal.eth, to an address beginning with “0916D6”.

An Ordinal Punk conversion refers to the process of converting a CryptoPunk NFT into an Ordinal Punk by assigning it an index number sequentially. This conversion is significant as it represents a change in the original CryptoPunk NFT’s identity, creating a new version in the series. CryptoPunk NFTs are a type of non-fungible token that is stored on the Ethereum blockchain, and they are highly valued for their rarity and unique features.

Interestingly, the holder of “Boring Ape” BAYC # 1626, Jason A. Williams, announced plans to permanently destroy the CryptoPunk 4155 NFT on the Ethereum blockchain and cast it as “inscription 5413” on the Bitcoin blockchain. The reason behind this move is unknown, but it may be an attempt to create a new type of digital artwork that combines the two blockchain platforms.

The rise of NFTs has brought about a new era of digital ownership and asset creation. The use of blockchain technology has facilitated the creation of unique, one-of-a-kind digital assets that can be bought, sold and traded like physical art pieces. NFTs such as CryptoPunks have become increasingly popular due to their scarcity, uniqueness and cultural significance within the crypto community.

In conclusion, the conversion of CryptoPunk 4155 into Ordinal Punk 16 marks a significant milestone in the CryptoPunks series. The NFT’s transfer to a new address raises questions about its future ownership, while the planned destruction of the NFT on the Ethereum blockchain and casting of it on the Bitcoin blockchain adds a new dimension to the digital art world. This announcement underscores the growing importance and value of NFTs, cementing their position as a legitimate form of art and investment.

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