What is Crypto Skulls NFT, and what does it stand for? Is it a sound financial decision?
Frequently, the next great thing in NFTs turns out to be a project that has been around for months, if not years. When we consider the resurgence of CryptoPunks, Curio Cards, MoonCats, Ghxsts, and even Ether Rocks, it’s evident that historical collections have a resurgence at some point.
What we’ve seen with legacy projects time and time again is now happening with CryptoSkulls. The NFT community has reignited interest in this collection of 10,000 pixel-art skulls, years after the original project was launched. Today, CryptoSkulls topped OpenSea’s 24-hour sales volume chart, with over 5,000 ETH ($16 million) in sales and a new high of 10,206 individual sales, causing many people to wake up and look for information about the resurgent initiative.
Alex Slayer, a developer and artist, created CryptoSkulls. While this collection was released in May 2019, it came out at the same time as other revolutionary projects like Plasma Bears and Autoglyphs. Its 10,000 supply and pixel-art design were a unique reference to Larva Labs’ groundbreaking 2017 project CryptoPunks.
Each NFT in the CryptoSkulls collection has a diverse array of qualities, with some being rarer than others, similar to the recent PFP (profile-picture) initiatives that have sprouted up over the last year. This set of qualities is referred to as a Uniqueness Index in the case of CryptoSkulls. The less features a Skull has, the rarer it is on the Uniqueness Index.
The project’s founding staff also released 10 Skull Lords in addition to the main supply of CryptoSkulls. These legendary-tier NFTs were drawn by hand, given names, and given a one-of-a-kind Uniqueness Index.
Although the majority of the Skull Lords (#9, #24, #27, #36, #41, #43 and #70) show static pixel images, the art for CryptoSkull #19, CryptoSkull #20, and CryptoSkull #42 links to short, animated YouTube films with music.
Aside from the art and rarity, CryptoSkulls had a slow start. Given that the NFT market had yet to achieve even a fraction of the user numbers witnessed in the previous year, a substantial amount of the collection was minted and retained within the official CryptoSkulls account. The collection’s final mint didn’t happen until August 2019, a few months after it first debuted and gained a fanbase.
CryptoSkulls announced intentions to integrate the project with a gamified experience dubbed Gold of Skulls in October 2020. Along with the game announcement, it was revealed that each CryptoSkull NFT will be a playable token in Gold of Skulls, which was set to launch in the winter of 2021.
We decided to develop a crypto game. A serious game, where the main role will be assigned to CryptoSkulls.
Check out: https://t.co/nUsEX3vfue
Like, Retweet, Share!#cryptoskulls #pixelart #NFT #collectible #cryptogame pic.twitter.com/oqBDFtNC2p
— CryptoSkulls 💀 (@Crypto_Skulls) October 11, 2020
To aid in the creation of the game, 1,000 CryptoSkulls were given the additional identification of Game Token and are supposed to have additional features in the upcoming game. While Gold of Skulls, which is advertised as the “first game where the uniqueness of the collectible token will effect the individuality of the player,” has yet to be revealed, the anticipation for the project has grown.
The CryptoSkulls team has produced and published a limited-edition Gold of Skulls ($GSK) ERC-20 standard coin with a total quantity of 10,000,000. ShibaSwap can still be used to buy $GSK right now.
$GSK is currently tradable and may be used to acquire CryptoSkulls NFTs from the official CryptoSkulls account on OpenSea. In-game awards for the Gold of Skulls game, development funding, and more uses for $GSK are planned in the future.
Overall, CryptoSkulls outperforms many legacy projects because, following CryptoPunks, it is the second-ever 10,000-supply PFP collection on the Ethereum network. This honour, however, is contingent on one’s definition of a PFP project, as there have been a few of 10,000-unit gaming collectible projects before it.
In any event, the rediscovery of a classic project at such a low cost is always a source of excitement in the industry. This, combined with the fact that the project’s developers are still actively trading CryptoSkulls and developing Gold of Skulls, has contributed to a significant increase in trading volume in 2022.
While some may have expected CryptoSkulls to see increased secondaries in the fall of 2021 as a creepy NFT to collect for Halloween, sales began to heat up on Jan. 11 as a result of key figures such as GaryVee, Steve Aoki, GMoney, FVCKRENDER, ThankYouX, Matt Medved, Leonidas, and others aping into the project.
It’s anyone’s guess where CryptoSkulls will go from here, but with Alex Slayer still at the helm and as active on NFT Twitter as ever, the project might very well become a significant player in the 2022 NFT avatar market.
This article is just for educational purposes.
Make your own exploration before making any form of investment, as always.
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