Crypto Update 3/17/22 | The First NFT Monopoly
Markets Outlook
00:00
Cryptopunks and Uga Labs
Cryptopunks were initially conceived as pure collectables. Organic speculation, rather than a coordinated marketing campaign, was what made the price go up. Larva labs remains an independent company and retains the rights to its other major nft project, autoglyphs. ugelabs has said it doesn't have any immediate plans to replicate the board apes business model with crypto punks. Instead, ugolabs plans to add utility to the collection. Utility is an creasely nebulous buzz word in the nft sector. It tends to refer to perks for investors down the line. There's no anti trust legislation in crypto, but maybe that's the point.
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