• An original CryptoPunk was recently swapped for an Ordinal Punk.
• The Ordinal Punk collection is made up of 100 punks, inscribed within the very low inscription numbers on the Ordinals protocol.
• Most sales of these punks are currently in the region of around $100K.
The First Major Swap?
In what seems to be the first major swap, an original CryptoPunk was traded for an Ordinal Punk yesterday. The buzz around Ordinals, or as they are commonly referred to as Bitcoin NFTs (Non-Fungible Tokens), continues with someone trading their CryptoPunk for one from the Ordinals collection in what seems to be the first swap of this kind.
What Are Bitcoin NFTs?
Bitcoin NFTs are inscriptions through the Ordinals protocol on the Bitcoin network and have been gaining a lot of attention due to their massive sales which are currently in the region of around $100K.
Someone has decided to trade their original CryptoPunk for an Ordinal Punk in what seems to be the very first swap of this kind. The CryptoPunk that was swapped is pictured below:
Source: Larva Labs
And this is the Ordinal Punk that it was swapped for:
It’s also worth noting that popular Bitcoin layer-two scaling solution, Lightning Network, has also been integrated into these collections making them even more attractive investments.
The Attention Around These Punks
These collections continue to drive a discussion within the crypto community and receive quite a lot of attention due to their massive sales figures and potential investment opportunities presented by being inscribed on a popular blockchain network such as Bitcoin’s Lightning Network.
This swap marks a new milestone in what looks like it could become a trend among cryptocurrency traders and investors looking for new ways to diversify their portfolios and increase their profits.