Gate.io Is Releasing the First 5,000 OpenPunks on NFT Magic Box

By October 11, 2021NFT
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The first 5,000 OpenPunks NFTs will be released in batches between October 11 and October 20 in the form of Mystery Boxes and live Auctions.

OpenPunks

OpenPunks
OpenPunks
OpenPunks

SINGAPORE, Oct. 11, 2021 (GLOBE NEWSWIRE) -- Global digital asset exchange Gate.io recently launched their new range of OpenPunks NFTs, a community-driven NFT collection aimed at inspiring users and creators alike. The company has officially started releasing the first 5,000 OpenPunks NFTs on the dedicated NFT Magic Box marketplace.

"We are always excited to bring new products to market. The first 150 OpenPunks mystery boxes sold out within two minutes, indicating users' increasing appetite for NFTs. Users will be able to pick the OpenPunks they like most based on attributes such as type, role, skin tone and hair colour and purchase the ones with the combination they like best," said Marie Tatibouet, Chief Marketing Officer at Gate.io.

The first 5,000 OpenPunks NFTs will be released in batches between October 11 and October 20 in the form of Mystery Boxes and live Auctions. Different batches of OpenPunks NFTs will unlock daily at 01:00 am (UTC) and 06:00 am (UTC) respectively on Gate.io's dedicated NFT Magic Box marketplace.

Inspired by the likes of Loot, OpenPunks are an entirely attribute-based series of NFTs where users can provide their own design based on the attributes that their OpenPunks feature. Attributes include type, role, skin tone and hair colour and come with a dedicated rarity badge that allows users to establish how rare each NFT is.

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Despite being introduced in 2015, it wasn't until 2021 that NFTs started going mainstream. According to data from market tracker DappRadar, the global NFT market saw over $10.7 billion in sales during Q3 2021, a staggering 704% increase over the preceding quarter. This surge has been driven as interest in NFTs has reached an all-time high.

Popular blockchain gaming platform Axie Infinity broke records with over $2 billion in NFT trades being performed by users. Similarly, one of the leading NFT collections, CryptoPunks, has seen over $1.6 billion in sales, while others such as Bored Apes, Pudgy Penguins, CovidPunks and more continue to grow.

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