Topic: The Historical NFT Speculation & Appreciation Thread (Read 910 times)

Dogeparty to turn 10 years old next month

Cloned from Counterparty, Dogeparty is a meta-layer protocol that allows for tokenization on the Dogecoin blockchain. Some of its earliest tokens, such as JOLLYROGER and MILKYWAY are two of the first examples of "proto-NFTs", tokens that have an image file associated in their metadata. Give their account a follow on Twitter if you'd like to participate in some giveaways that will be happening next month:

https://x.com/DogepartyXDP


(example of a Rare Doge)

Quoting this from another thread which recently turned 10 years old:


For me, these types of tokens are the funnest to try to collect:

https://xchain.io/asset/BOMB

Unfortunately the only one for sale via dispenser is too expensive -- it gives it a market cap of $774,660,335 or 11,645 BTC, because the supply is so high. Still, its an early part of Bitcoin history. It has nothing to do with art or jpegs. It is just a "first of its kind"-type of token use case, which I think gives it some value as a collectors item.

Dogeparty Curated Collection on Emblem Vault is Right Around the Corner



The Emblem Vault team appears to be just about ready to roll out the Dogeparty Curated Collection for $DOGE assets on OpenSea and other ETH-based NFT marketplaces. What does this mean? It means a lot more exposure & liquidity for rare & ancient Dogeparty assets created between the years of 2014 and 2015.

With any luck, we will see a resurgence in interest in vintage Dogeparty assets; anything like with what followed with Rare Pepes when they got their own migrated collection would be fantastic. Been getting offers on 'em all the time since their collection opened last year.

Time to vault some Dogeparty assets? Yes. There's only 1 up there right now, you should have at it while its still fresh.

RAREPEPE Back to $200k Floor

The face of the Rare Pepe series on Counterparty, S1C1 RAREPEPE has once again surpassed a floor price of $200k, rendering it one of the most expensive NFTs on Bitcoin.



The last sale of a Rare Pepe on OpenSea took place on Aug 31st, fetching 55 ETH. This equates to a relatively-massively discounted price of roughly $90,475 at the time. Once one or more sales takes place on other marketplaces, the new floor could be as high as $400k, signifying a return to greatness for the Historical NFT scene and all Rare Pepes, as well.

New Counterparty Timeline Highlights Platform's Milestones

The following link is an interactive timeline that includes all the major projects, tokens and developments that happened on Bitcoin's Counterparty platform between 2014 - 2023:

https://time.graphics/line/858561

It covers notable early tokens like TEST, SEBUH, OLGA, JPJA, and projects like NILIcoins, Spells of Genesis, Sarutobi, Rare Pepe, Bitcorns, and Kaleidoscope.



A lot of project/token creators had/have presences on the forum -- some are gone, but a few are still active, such as nili, who was one of the first people ever to experiment with tokenized art projects.

The timeline was developed by davesta, who is a Rare Pepe artist and now one of the most active Counterparty ambassadors. He's a real cool dude and if you're on Twitter I recommend giving him a follow.

There is of course a lot of hype currently surrounding Ordinals, leading a lot of people to believe that this was the first time Bitcoin had NFTs. Well, that's not true at all: Counterparty has been doing it since 2014 and continues to this day with projects like Fake Rares, Notable Pepes, Bassmint, and others.

Dogeparty to Get Curated Collection on Emblem Vault

After the successful transition of vaulted Rare Pepes to their own curated collection, the Emblem Vault team is setting their sights on doing likewise for Dogeparty assets. This will help assure that the contents of vaults match their descriptions, making it easier for anyone to locate assets that have been wrapped for sale on OpenSea (or other ETH-based NFT marketplaces). There are currently 454 vaulted Dogeparty assets, many of which are considered historical or vintage assets. Here are the top 10 most popular vintage assets to be vaulted (assets with issuances from 2014):

 - GOLDENSHIBE (82)
 - HAPPYDOGE (70)
 - SUPERSHIBE (39)
 - JOLLYROGER (36)
 - MILKYWAY (24)
 - HAPPYSHIBE (21)
 - BENGALS (17)
 - FLOWCOIN (17)
 - DOGEDIME (13)
 - NISSANGTR (13)

(just want to point out that 6 of these 10 are Dogermint assets and I'm quite proud of that fact)

CryptoPunks sales picking up, signals new momentum for Historical NFTs

Though relatively quiet through most of the 2nd half of 2023, CryptoPunks are once again picking up in sales volume, even if still a blip of its former self (from 2021-22).



Usually there are only 16-30 sales per week, but this last week saw a whopping 159 sales, suggesting momentum is once again on the rise for NFTs valued for their historical aspects.

According to OpenSea:


CryptoPunks are often regarded as the 1st 10k PFP set, meaning they are images that can be used by avatars (as is certainly the case for Twitter, a bit less so in other places).


CryptoPunk #4041

The Rare Pepe Curated collection has amassed 231 ETH in trading volume across 1,013 sales since Aug 21st of this year. Among the highest sales are a RAREPEPE (S1C1) for 55 ETH about 2 weeks ago, and a FEELSGOODMAN (S20C50) for 5 ETH late last month.

FEELSGOODMAN was issued in Sept 2016 and set aside for a design by Matt Furie, the creator of Pepe the Frog. Furie finally got around to making the artwork a few years later, and the card has become one of the most iconic of all Rare Pepes since then.

25 of 60 full Bit Bowl team sets have been sold thus far. As the season progresses I expect more will sell, especially as the bull market continues to pick back up.

---

In Rare Pepe news, Emblem Vault has migrated the entire collection of vaulted Rare Pepes to their new format of curated collections, which means they are now easier to filter, sort and verify. This has resulted in a massive uptick in wrapped Rare Pepe sales through OpenSea.

A few days ago I finished the inaugural sale of a series of tokens I made back in Jun-July 2014 for a project called the Counterparty BitBowl. After doing a lot of research, I found that this was the first time tokens were created for the purposes of either gambling or sports, as well as prediction markets. Basically it was a Super Bowl wagering system in which anyone could buy a token that represented the NFL team they believed was going to win that year's Super Bowl. If the team won, the token was redeemable for a share of a grand prize. The tokens could be traded for BTC, XCP or any other Counterparty token on the Counterwallet DEX during the course of the season.

The sale lasted for about 19 hours, which was actually quicker than I anticipated, given the bear market for NFTs persists.

Here's a lil infographic I made that attempts to summarize the significance of this project:



Those who are interested can read more about this project here.

Been a while since I posted in this thread. Momentum is shifting away from Ordinals & BRC20 and back to HNFTs, slowly but surely.


LOL, sure, its one of the rarest of Rare Pepe's fault and not the fault of the never-ending glut of new NFTs.


Sure that makes sense. However, the reason why WINKELPEPE has value isn't just because it is unique, its because it was created at a time before it was fashionable to make picture tokens (Sept 2016).

https://pepe.wtf/asset/WINKELPEPE

If somebody made the same thing now and released it today, they'd be lucky to get $20 for it. But because it is part of one of the most iconic & recognizable NFT collections of all-time, it is a highly sought-after piece of blockchain history.


If you're still around, you should read the first post of this thread. It explains the value proposition behind Historical NFTs and perhaps will help make things like WINKELPEPE make sense.

i am a new NFT Designer. i have just accomplished my first collection and i am about to launch it soon.
NFTs like WINKLEPEPE are in my mind exactly the reason why the NFT market is taking damage day by day.
Sadly uniqueness alone is not a reason for value. Believing that something is valuable simply because it is unique is a serious misconception that lead countless talented NFT Designers on unprofitable ways and damaging the market consequently. The fact that there are now more NFT sellers than buyers on Opensea proves this conclusively. Buyers do not want to buy something that does not offer any added value. Simply being unique in existence is NOT added value.
whoever buys something like WINKLEPEPE is a human individual that actualle gives a dam about money. This is not representative for the main stream ore even 99% of humanity and it is clearly not an investment strategy that anyone should follow... If we ever want NFTs to become more than just a playground for super rhich kids & scammers this particular thing needs to change.

No matter what product it is, whether it's an NFT or something else, a combination of added value (use cases), the ratio of supply and demand, the rarity of an object, its external presentation as well as further improvements determine its value.
At least thats how i see things and this is how i will setup my collection.

Also this is a key reason for the flood of scammers rolling over the market. Added value is just harder to fake than just a picture...

Right.

So anyways, despite several of the original self-proclaimed NFT Histooorians and Archeooologists having ditched the thesis they made an identity on in favor of pumping the shiny latest (Ordinals, then Stamps, now BRC-20 and even $PEPE FFS), I remain committed to the original proposition:

Millions of new NFTs are being created every day, most of which have no buyers, and the value of the rest depends on social capital expended by influencers. After the dust settles, serious collectors of blockchain knick-knacks (and there will be more in the future, its almost guaranteed) will focus on assets created before it was popular to do so.

A few interesting sales of note lately, and just an opportunity to showcase some early, definitive Rare Pepes:

SHITCOINCARD (Rare Pepe S1C3) sold for 0.55 ETH



GOXPEPE (Rare Pepe S1C2) sold for 2 ETH (4 sold in the last month)



LUCKYPEPE (Rare Pepe S1C19) sold for 0.0045 BTC



One of my favorite twitter accounts to follow is @mayaNFT who posts a different Rare Pepe every day. It's great to be able to see all the different Pepes. So many good ones I had no idea existed.



Some of them are out of circulation or really hard to find, but its cool to at least know about them.

My understanding about the "historical NFT" is "It doesn't matter if it was a scam or an actual event, a real event or a faked event." But I have a sense of "The thing is that "any new NFT project" is going to be a very impressive product. It is possible that the company can actually be in the space and has a high chance for success. The real-world project is far out the market (no, its not!). In fact, there is already more NFTs than a whole year, so this is already a very interesting question. 
 
Even if these historical NFT projects are used to the actual industry, the only real thing that changes is the company's willingness to adapt. 
 
That's for a very specific reason. The thing is that historical NFTs have proven themselves and people around them who are already successful will always look for them because even today, some projects have a lot of merit/speculation but most of these projects are quite unique. 
 
However, in the end, it's a very different story. The NFTs I have written here are real but not actual historical

I'd say they don't have enough history behind them yet to be "historically significant" (as they are too recent), but you're right, they certainly are a thing and at least somewhat significant because they helped onboard a new breed of users to the NFT space. Same thing with Trump NFTs for that matter (and they are both on Polygon).

What you have to remember from a value standpoint is Reddit NFTs were launched after millions of NFTs had already been created. So will they maintain value in the future based on their own merit, or are they yet another latest flash-in-the-pan? Only time will tell, and I'd say as of right now not enough time has passed to establish that.



One of the greatest grifts in the Historical NFT space is perpetuating the idea that anyone can create something historical today. All you need is an influencer to declare a new mint "historical", and then if enough of their followers agree with them, then it is so. "Because after all, what is historical anyway? It's all subjective." And without fail, you can be sure that said influencers have already loaded up hefty bags with something they recently deemed "historical."

I'd say give any NFT 3 years at a _minimum_ before trying to ascertain their place in the history of NFTs.

I can't see reddit nft avatars in there. Does he consider them insignificant event historically or is he even aware of them? They are already at gen3. Sadly you can't browse their shop with web broser but only with the reddit app it seems. But they have a real use case (people are using them as a special avatars, or even as parts of avatar. With 50 million active reddit users that are exposed to nft avatars, i think it's a huge thing for nfts.

If you don't have an app, you can find them in opensea, even though they are divided in different sections between the creators. But you can see some pics in here
https://www.reddit.com/r/avatartrading/

What do you think about the historical significance of reddit avatars op?

It absolutely does. Even if it has dope artwork that is iconic in some way, it won't be worth much if there's 10,000 of them. Its exactly why (most) CryptoKitties are worth pennies. Think about it in terms of any other type of sought-after collectible.


It is within a collection, the Rare Pepe collection.


It was purchased by 6529capital, which is a fund run by punk6529.

Can I be the first to say it? $630K for an NFT is a hideous price. The fact it's effectively 1/1 doesn't make it anymore valuable, if anything the opposite is true imo. I understand it's a year older than CryptpPunks for example, but even so 20 BTC is an insane evaluation. If it was a 1/1 within a collection or 1000 or 10,000 it might actually make more sense, but who's going to pay more than 20 BTC for this?

This looks like it was either a vanity buy or wash trading  

WINKELPEPE Sells for 20.75 BTC

One of the rarest of Rare Pepes was purchased today via Counterparty dispenser for 20.75 BTC, which is about $631.8k at today's BTC price.

https://twitter.com/rarepangolin/status/1646989400763518977




With only 2 in existence (1 of which was sent to a burn address and is thus out of circulation), WINKELPEPE was issued on Sept 29, 2016. It is Card 34 of Rare Pepe Series 2, made by DanDarkPill, who created 12 Rare Pepes with relatively low supplies (the highest supply being WEAREALLPEPE with an issuance of 100).

Rare Pepes have been enjoying something of a resurgence in popularity as new Bitcoin NFT converts look to expand their horizons beyond Ordinals.

NFT business may be going up, tho many others down ...

https://www.benzinga.com/money/celebrities-that-own-bored-ape-yacht-club-nfts
https://www.benzinga.com/go/nft-pro