NFT
After the first BonklerNFT sold for $125,000, the coin had another good day, according to CoinGecko, with a 120.3% increase from its bottom price.
With a base on the Ethereum blockchain, NFTs reached an all-time high of 32.8 ETH ($58,666).
Meet BonklerNFT
As of today, the price floor for Bonkler is at $58,607, reflecting a significant 24-hour sales volume of 15.00 ETH. Notably, a total of 33 NFTs have been minted, with ownership split between 24 different holders, resulting in a cumulative market cap of $1,934,039.
NFT Watch: rock bottom price of @BonklerNFT is up 120.3% today reaching an ATH of 32.8 ETH 💫 pic.twitter.com/ON0RkLLKR0
— CoinGecko (@coingecko) May 18, 2023
At its core, Bonkler represents a year-long experimental financial art project, pushing the boundaries as a pioneering reserve-backed NFT. The project’s Paced Generative Mint introduces a unique journey, gradually revealing rarities over the course of the year.
Through an amalgamation of speculative complex aesthetics and rarity, Bonkler’s design deliberately obscures traditional prize discovery, creating an environment that fosters intrigue and exploration within the NFT landscape.
Part of its uniqueness comes from new Bonkler creations appearing every 23 hours, captivating bidders with 0.1 ETH increments, along with the inclusion of redeemable shares, which are coded into each Bonkler minted and linked to the sale price.
Investors will have the opportunity to exchange these shares for ETH from the Treasury; however, this redemption process requires burning the corresponding Bonkler. This innovative approach adds a differentiator to the world of financial arts and offers investors potential opportunities for engagement and reward.
Make front page news
Although the project is relatively new, BonklerNFT made headlines when the first Bonkler NFT sold for a whopping 60 ETH, or about $125,000, at the time of writing. As the first sale in a collection of 400 Bonklers, it predicted the market cap at $50,000,000.
The Bonkler Collection’s mix of digital art and cryptocurrency demonstrates the NFT’s ability to make a lasting impact in the art world, which many believe is where the value comes from.
While it may be too early to say how this will affect the industry, it could be the start of an ongoing shift in perception, from art that needs to be something tangible to something that can be unique in the digital space.