FAQ
FREQUENTLY ASKED QUESTIONS
What are CRYPT3D PUNKS?
CRYPT3D PUNKS are paying homage to the original Cryptopunks that were minted on the Ethereum blockchain, in June 2017, by Larva Labs, taking crypto enthusiasts by storm.
CRYPT3D PUNKS are recreating 10,000 OG *Larva Labs Cryptopunks, in beautiful, 3D rendered, high resolution, 4K imagery, to be minted on NFT's most secure & dominant blockchain, Ethereum.
*Crypt3d Punks is not affiliated with Larva Labs.
How many CRYPT3D PUNKS NFTs will there be available to purchase?
There will be 10,000 CRYPT3D PUNKS in total.
500 are in reserve for giveaways, bounties, partnerships, promotions, team and some love for the legends who helped us along the way to get where we are now.
1000 have been allocated to the OG Pioneers who have been with us since the beginning.
8,500 will be available for public minting.
How much will it cost to mint a CRYPT3D PUNK NFT?
Please refer to the pricing table, here.
How Can I Buy CRYPT3D PUNKS?
When minting starts, you will need to head to the minting page at www.crypt3dpunks.io, connect your Web3 Ethereum Wallet and follow the mint prompts.
1️. Download a Metamask wallet.
CRYPT3D PUNKS will integrate with Ethereum Web3 wallets. We recommend Metamask.
Download Metamask and install it into your internet Browser (Brave Browser recommended).
Create a wallet and backup your Seedphrase in a secure location. Metamask | https://metamask.io/download (Recommended)
️2. Buy Ethereum ($ETH), $USDT, $USDC, $BUSD or $DAI on an exchange, such as Binance, Coinspot, Coinbase etc and send it to your Metamask wallet Public Address.
3️. Connect your Wallet to our website.
Once you have your wallet with your funds, head to www.crypt3dpunks.io, visit the 'Mint' page (when available).
Ensure you have visited the correct address www.crypt3dpunks.io in your browser and then connect your wallet.
4️. Mint your CRYPT3D PUNKS NFT.
Select the number of CRYPT3D PUNK NFT's to mint and then click the “Mint” button and approve the transaction in your Wallet.
Your CRYPTED PUNK NFT will be transferred to your Wallet.
Please note that Crypt3d Punk NFT's are Soulbound (locked), in the Minters wallet, until Minting has completed and OpenSea NFT market volume returns to uptrend. This is enforced to Alleviate floor crashing & floor crashing bots during Mint, thus further contributing to the successful mint pout of the project.
What is the ‘Defensive Mint Strategy’?
Why is the mint Dollar pegged?
We arrived at the decision to dollar peg the mint in order to protect both the project and project minters. The dollar pegged mint formed part of our ‘Defensive Mint Strategy’
This 'Defensive Mint Strategy’ is designed to:
Alleviate floor crashing & floor crashing bots during Mint.
Protects Project raise from market volatility and ensures roadmap can be executed.
Mitigate downside risk to $ETH prices, during the Minting process, by parking funds in stables.
Mitigate downside risk by opening wallet transfers for trading on return of NFT market volume uptrend.
Minting in $ETH: $ETH price, per NFT, will fluctuate with ETH/USD value.
What’s an ‘NFT’?
A non-fungible token is a unique and non-interchangeable unit of data stored on a digital ledger. NFTs can be used to represent easily-reproducible items such as photos, videos, audio, and other types of digital files as unique items, and use blockchain technology to establish a verified and public proof of ownership.
What is a ‘Dynamic NFT’?
A ‘Dynamic NFT’ makes changes in metadata of a token easier. You can think of applications of dynamic NFT or DNFT in progression-based games with NFTs as in-game avatars. The in-game avatar NFTs store the skills and traits of the avatar in the token metadata.
What is a ‘Reactive NFT’ or RNFT?
A ‘Reactive NFT’ is a new NFT technology innovation, developed by the Crypt3d Punks team. RNFT’s take the basic premise of DNFT’s (see above) and push the boundaries of asset modification. RNFT’s consist of a functionally comprehensive backend system that allows the asset(s), linked via RNFT metadata, to change corresponding to external interactions within the contract governed parameters. Token holders maintain ownership of, and accessibility to, the subset of asset(s) and attributes assigned to their particular RNFT ID.
Can I trade the CRYPT3D PUNK NFT’s?
CRYPT3D PUNK NFT's will be tradable on Ethereum NFT Marketplaces such as Opensea.
Purchasers will be able to assess the rarity & attributes of their CRYPT3D PUNKS by checking their ID # on https://rarity.tools/cryptopunks
Can I mint from my mobile?
Yes.
You will be able to mint through Metamask on your mobile.
Where does my NFT go after I purchase a CRYPT3D PUNK?
Your NFT goes to the wallet that you have minted it from. Eg; Metamask.
Please note that Crypt3d Punk NFT's are Soulbound (locked), in the Minters wallet, until Minting has completed and OpenSea NFT market volume returns to uptrend. This is enforced to Alleviate floor crashing & floor crashing bots during Mint, thus further contributing to the successful mint pout of the project.
Where can I see my CRYPT3D PUNK?
You can view your CRYPT3D PUNK NFT(s) by visiting your Profile page at https://opensea.io/account
You will need to connect Metamask, with your Ethereum wallet, to Opensea.
When will my Crypt3d Punk be revealed?
We will reveal the first batch of Cryt3d Punks after the close of the third tier and then at the close of each tier there after.
Do I own my Crypt3d Punk after Purchase?
Yes. The CRYPT3D PUNK is your property one you purchase it.
CRYPT3D PUNKS are subject to Reproduction/Commercial exploitation licensing. Learn more about our License agreement at our License page.
What can I do with my CRYPT3D PUNK?
Here are some ideas;
Trade them.
Fall in love with them.
Display them as your profile pic across social media platforms.
Use them to unlock and purchase the metaverse version of your CRYPT3D PUNK.
Use them to vote on Community Funds allocation.
Use them as DAO Voting rights to vote on proposals.
Do you have a rarity system ready to go?
Yes.
https://rarity.tools/cryptopunks will serve as an immediate Rarity System until we implement our own Rarity system directly into our website.
When will they be listed on Secondary Markets?
Crypt3d Punk NFT's are Soulbound (locked), in the Minters wallet, until Minting has completed and OpenSea NFT market volume returns to uptrend. This is enforced to Alleviate floor crashing & floor crashing bots during Mint, thus further contributing to the successful mint pout of the project.
This is part of our 'Defensive Minting Strategy'.
Are there royalties for CRYPT3D PUNKS on secondary sales?
Revenue from secondary sales 10% royalties will be divided as per the following;
60% DEV FUND*
Team Expansion
Ongoing
Development
Partnerships
Good Will
30% TEAM
5% COMMUNITY FUND
5% FOUNDATION PROJECT
*Dev funds will be allocated, as required, to ensure the ongoing development of CRYPT3D PUNKS.
What is the Foundation Project mentioned in the Royalty split?
As part of our long term outlook we are contributing to a charity oriented Foundation Project. Funds will continue to build and remain in the charity wallet until the project is ready to commence development.
Are CRYPT3D PUNKS affiliated with Larva Labs?
No, Crypt3d Punks are not affiliated with Larva Labs.
Crypt3d Punks has been created as a homage to the Original NFT Project that has paved the way for generative, blockchain art. Our NFT's are in no way a product of Larva Labs or a part of Larva Labs's Cryptopunks NFT collection.
We thank Larva Labs and the OG Cryptopunks for what they have done for not only the NFT Community, but for cryptocurrency as a whole!
Are you concerned about any IP Infringement issues?
No. We have undertaken the necessary due diligence, with our legal team, required to ensure that we are operating without any unforeseen IP infringements.
There's 3 key points on this topic. Here is a short summary:
1. Other punk derivatives projects have copied/duplicated or modified their art. Copyright issues on visual content can be grey. How much do you need to modify something for it to no longer be deemed a copy of the original? This legal issue extends well beyond NFT's and have been around in the traditional art and design industries for decades.
When it comes to our project, one thing is clear - It is not a duplicate or a copy or a modification. We have generated our art from scratch, using entirely different technology, in an entirely different style, delivered in a completely different clarity/resolution. Our art is not their art. We have not copied their IP.
2. We have modified the names of each attribute. The attribute names are very similar to the OG Punks attributes, but not exactly the same. With this slight adjustment, we have technically not duplicated their attribute set/database.
3. We have made it clear that we are not affiliated with Larva Labs (Yuga Labs). We have made it clear that by purchasing a Crypt3d Punk, you are not purchasing a Larva Labs (Yuga Labs) product, nor a collection of the Original Cryptopunks.
Crypt3d Punks has been created as a homage to the Original NFT Project that has paved the way for generative, blockchain art. Our NFT's are in no way a product of Larva Labs (Yuga Labs) or a part of Larva Labs's (Yuga Labs) Cryptopunks NFT collection.
We thank Larva Labs (Yuga Labs) and the OG Cryptopunks for what they have done for not only the NFT Community, but for cryptocurrency as a whole!
Will there be staking or any type of reward features?
Unfortunately, no.
But also, fortunately, no.
We had designed an impressive range of backend tokenomics to support the CRYPT3D PUNKS NFT’s that would reward CRTYP3D PUNK NFT holders. However, as we further progressed into the depths of structuring this form of income earning NFT’s, the more regulatory red flags were waved.
We sought legal advice surrounding the implications of offering rewards to NFT holders via staking and/or yield farming, as well as floor sweeping type mechanisms. We have been legally advised that these types of mechanisms would classify the NFT’s as securities and, as such, expose us to potential future risks surrounding regulatory compliance from the SEC (Securities and Exchange Commission).
Any option we explored to maintain regulatory compliance either resulted in us;
Having to exclude US Citizens,
Or
Undertake KYC measures - which would still exclude US Citizens.
We do not believe it fair that US Citizens (including our lead Dev) should miss the opportunity to be involved in CRYPT3D PUNKS NFT minting events as much as we don’t believe it is fair that a user should have to identify themselves in order to mint an NFT.
Furthermore, exchanges, such as OpenSea NFT Marketplace, (and expecting more) are openly communicating that they will not be supporting securities classified NFT’s on their Marketplaces in order to ensure regulatory compliance for their businesses, as explained here in this informative Medium article, https://shrimpyapp.medium.com/staking-or-sec-nft-developers-face-a-dilemma-as-ftx-launches-new-marketplace-ea8f5b15ae29, by Shrimpy App. With this in mind, we believe that it is in the interest of the CRYPT3D PUNKS Community that CRYPT3D PUNKS NFT’s be freely tradeable on exchanges, such as the Opensea NFT Martkerplace. .
With the above information, we reluctantly decided to remove staking, yield farming and floor sweeping mechanisms in favor of long term protection of CRYPT3D PUNKS NFT’s from future potential regulatory issues. In doing so, we have also reduced the Presale and Public Sale minting prices of CRYPT3D PUNKS NFT’s in proportional relation to the feature deduction.
We are still very excited about moving forward with CRYPT3D PUNKS NFT’s. We feel that in a highly saturated market where some rapidly produced collections are reaching for revenue earning mechanisms as methods of adding value in order to distinguish themselves from the crowd, that some focus on the art itself has been lost.
We believe that CRYPT3D PUNKS NFT’s brings the focus right back to the art as well as bringing its own unique value proposition to market by being the first of its kind, 4k, 3D Rendered, 1:1 remastered homage to the OG Cryptopunks that started it all.
Do you have a long-term roadmap?
Yes, please see the roadmap section of the website.
This sounds awesome, how do I get involved?
Join our Discord server to become the newest member of our CRYPT3D PUNK Tribe.
What are your official links?
See below!
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