“Projects like Cool Cats have become all the rage in the NFT space in the past few months, driven by the success of ludicrously valuable collections like CryptoPunks, some of which have sold for millions of dollars each. These projects typically follow the model CryptoPunks set back in 2017: they include 10,000 pieces, all of which are “programmatically generated” — randomized, basically, from a set of premade components like smirks, hats, mustaches, and T-shirts — and formatted as headshots, perfect for a profile picture on Twitter or Discord.”
Cryptopunks, Bored Apes, Pudgy Penguins, where will this end
? Too much money is flowing into these NFT communities. Haven’;t we learnt anything from the ICO’s? When will the bubble pop?