Members of the Pixel Vault group are elevating issues and points concerning the challenge’s growth and the illiquid token, $PUNKS. Well-known NFT influencer Nathanhead.eth, took to Twitter this week, sharing a picture of his $PUNKS tokens and the way he can’t swap them because of zero liquidity. Many customers rushed to additionally query the way forward for the challenge within the feedback.
What’s Pixel Vault?
Pixel Vault is a web3 media firm that focuses on growing narratives and tales to raise crypto property in numerous methods. They’re the creators of the extremely standard PUNKS Comics, PV MintPass, MetaHero Identities, and others.
What’s extra, they have been a part of a singular partnership between PUNKS Comedian, Bored Ape Yacht Membership, GMoney, and Adidas. Final yr was big for NFTs, and Pixel Vault was an important a part of the success. The web3 firm noticed its NFTs make practically 100,00 ETH.
Pixel Vault, like many different tasks within the house, has seen the worth of its numerous NFT collections decline. Due to this, many are actually questioning the challenge’s longevity.
The Tweet by @Nathanhead.eth mentioned, “What hurts is I spent effectively over half a yr staking two ‘Punks Comedian #1’s, watching their worth fall over time, to search out out the $PUNKS token I used to be incomes from staking is completely illiquid”.
Hope for the long run
Though many replies to the tweets above additionally questioned the challenge’s future, some provided an alternate viewpoint. One consumer identified the latest information a few Rarible customized Pixel Vault market and different plans for the long run.
Lastly, it’s unsure what’s going to occur within the long-term. Nevertheless, the zero liquidity on $PUNKS will definitely want addressing within the weeks and months forward.