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Renegademaster.eth 🫡 Profile picture
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Jul 9 • 6 tweets • 3 min read
Picked up this badass @v1punks for 6.29 ETH today. With V2’s running, the V1’s seems undervalued.

The CryptoPunks history is so interesting. Most people seem to be in the dark, so I’ll do my best to explain things in simple terms. 👇 #Cryptopunks
In June 2017, Cryptopunks was born. 10,000 Punks were claimed for free by over 100 people.

Soon after, ppl realized there was a bug in the smart contract. Put simply, users could exploit the contract by purchasing a Punk without having to pay any ETH.
In the days following, @larvalabs issued a new smart contract with no bugs, re-minted all 10,000 Punks and airdropped them to the rightful owners. These are what we know as the @cryptopunksnfts of today.(V2’s)

All 10,000 Punks and their ID’s are identical between both versions.
@v1punks are the first / original contract created by @larvalabs and preceded their famous @cryptopunksnfts NFTs.

They are identical and thanks to a new wrapper they can be wrapped as ERC-721s and safely traded on NFT marketplaces. They are not derivatives, copies or fakes.
V1 Punks still exist in their original form, but so does the existing bug in the contract.

Using the wrapper gets your Punk removed from the old contract meaning the bug does not exist.

Unwrapped V1 Punks that are listed for sale are vulnerable to the bug and could be stolen.
The history of Cryptopunks is certainly a fascinating one.

What are your thoughts on the V1’s? Let me know! 🫡

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More from @renegademasterr

Renegademaster.eth 🫡 Profile picture
Jun 18
10 months ago I bought my first ever NFT. I had less than 5 ETH in my wallet. The @cryptopunksnfts floor was $320K USD / 100 ETH at the time.

Never in my wildest dreams did I think I would own one someday, but here we are.

I just bought this Punk for $57K USD. Here’s why …👇
Firstly, this is my biggest purchase to date on a single NFT.

Punks are the holy grail NFT in my eyes and I’ve been eying them for months now. The current floor is $54K. That’s an 88% decline from the ath of $440K. Pretty wild.
Is this the bottom in USD value? Probably not, but at this point I can comfortably afford one and am very happy with this entry long term.

If they keep dropping I’ll pick up another one, which is what I’m hoping for.

I have never been more confident in an investment.
Read 8 tweets
Renegademaster.eth 🫡 Profile picture
Jun 15
Roughly 1 year ago, I saw my networth drop by 50% in 24 hours. It was painful but I’ll never forget it.

I sold the majority of my NFT’s in Jan/Feb of this year and swapped most of my ETH into USDC at $3300.

What doesn’t kill you makes you stronger. 🤝
Not trying to dance on graves here. I know lots of people are hurting. Remember how this feels and don’t forget it next time around.

Taking profits is the hardest part in crypto. Don’t beat yourself up but make sure you learn from your mistakes.
The harsh reality is that most people typically hand the majority of their gains back to the market. A lot of people have gotten lucky this bull run but you can only rely on luck for so long. Eventually, luck runs out.

Use this time to learn, reflect and continue stay curious.
Read 4 tweets
Renegademaster.eth 🫡 Profile picture
May 28
The last 12 months have been wild for NFT’s. We saw many projects come out of the gates and grow at lightning speed, attracting eyeballs worldwide.

It was the ‘honeymoon’ phase for most projects. I think the next 12 months and beyond will look very different for most projects.
Most people buying NFT’s want results asap. It’s not sustainable. A lot of the top tier NFT projects have become real businesses. (Big ones) Now that they’ve built the foundations it’s time to let them ‘build’. Sounds cliche but it’s the truth. The time of wen airdrop is over.
For a project to have long term success (decades) there needs to be a long term plan in place. This takes lots of time to execute on. (Years)

Think about how long it took companies like Apple, Nike, Amazon, Tesla to get to where they are today. It wasn’t all smooth sailing.
Read 9 tweets
Renegademaster.eth 🫡 Profile picture
May 27
In Jan / Feb of 2022 I felt the NFT top was in. I made a high conviction play and sold most of my NFT’s.

I turned out to be VERY wrong but kept with my thesis and stayed patient. I was a little early but now I’m 80% USDC and in a position to take advantage of the bear market.
I sold most things way too early and it was painful. I look back now and I’m glad I did the responsible thing.

It’s impossible to time the tops / bottoms. You can make educated guesses but you’ll be wrong more often than not. Key lesson : don’t get greedy and stick to a plan.
One thing I’ve learnt in crypto is that the majority of successful traders sell early 9.5/10 times. I’ve been lucky enough to learn from some super smart ppl and 95% of the time they miss the top. They’re also unemotional. It’s about taking one W onto the next. Rinse and repeat.
Read 4 tweets
Renegademaster.eth 🫡 Profile picture
Jan 23
Over the last week I’ve been accumulating @MetaHero_ planets. My holdings :

40 X Saturn
15 X Jupiter
5 X Uranus
1 X Neptune

Imo this is the best (low entry) blue chip play you can make in the NFT space rn. $580 or 0.238 ETH for the cheapest planet.

Time for a thread ⬇️
This is one of my high conviction plays of 2022. I’ve been buying planets since the floor was 0.1 ETH and have worked my way up to 65 Planetary DAO Tokens.

I’ll explain my thought process + do a deep dive into why this was a no brainer for me.

Strap in ... and try keep up!
Before we get started, if you’re not familiar with the @pixelvault_ ecosystem then I suggest reading this thread.

Also note since this was written, @pixelvault_ has established itself as a blue chip NFT project partnering with the likes of @adidasoriginals and @BoredApeYC .
Read 23 tweets
Renegademaster.eth 🫡 Profile picture
Oct 25, 2021
The @pixelvault_ / @MetaHero_ ecosystem is one of the most complex but genius projects in the entire NFT space. A no brainer at current prices and one of those ‘future blue chip’ holdings for me. A full run down of the project and ecosystem for those who are new ... STRAP IN ⬇️ Image
1. It all started with the punks comics #1. (May 1st 2021) The first 10,000 NFT’s to ever drop from the @pixelvault_ ecosystem. Mint was 0.2 ETH. People were yet to know but these comics would be the key for the future of this ecosystem. They took 5 weeks to sell out. ImageImage
2. This brings us to July 15 2021, where there was a snapshot for all punks comic #1 holders. Each holder was assigned 1 mintpass #1 per punks comic #1 held. The cost was 0.08ETH per mint. More on the mintpass #1 later ... Image
Read 26 tweets

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