Right this moment, XPUNKS, the challenge credited with kickstarting the XRP NFT craze in 2021 introduced its departure from the XRPL, aiming as an alternative for the greener pastures of Solana. A video launched by XPUNKS, displaying the XRPL emblem rhythmically fading away adopted by ecstatic music and a Solana emblem revealing itself, makes it fairly clear that XPUNKS has set its sights on Solana.
XPUNKS could very properly be the most important NFT challenge you’ve by no means heard of. Gaining important notoriety in 2021 by releasing an IOU token on the XRPL and front-running the discharge of its upcoming NFT modification, XPUNKS not solely invented tokenized whitelisting but in addition achieved a whopping $100 million market cap at its ATH and remains to be answerable for over 35% of all NFT associated quantity on Ripple. Within the two years that adopted, XPUNKS remained a staple of XRP NFTs.
The challenge has usually described itself as a challenge with out predefined utility that simply likes to construct cool stuff. Since its inception, XPUNKS has stored itself busy with a wide range of totally different initiatives and advertising actions. Just lately, they turned the primary full generative assortment to achieve the floor of the particular moon, hitching a trip on the IM-1 mission, for instance. XPUNKS additionally runs the biggest XRP NFT market, which is at present increasing to Cosmos beneath the identify bidds and is constructing a gaming metaverse referred to as Eden: Discovery.
Though the transfer to Solana could seem sudden to some, these which were following the challenge extra attentively might have seen this coming. One can level to suffocating ecosystem politics, hostile conduct in direction of NFT initiatives by RippleX and a basic lack of curiosity in direction of XRP NFTs by the broader crypto neighborhood. Nevertheless, what appears probably is that XPUNKS is just in search of a extra mature NFT/degen tradition which Solana is rife with.
A lot is but to be revealed as to what XPUNKS is planning on doing so as to achieve traction on Solana after the bridge goes dwell. However understanding the workforce and their observe report, this transfer and their motion plan has probably been within the making for a very long time. Whether or not you’re planning to seize one or not, it can undoubtedly not be boring to control what this challenge has deliberate.
