NFTs on Tron
It is no secret that NFTs have gone mainstream over the past few months. While much of the attention started on the Ethereum blockchain with sites like OpenSea hosting thousands of pieces, the attention quickly started to shift to blockchains where minting was not so expensive and burdensome.
Enter Tron, who back in March of 2021 integrated the ability to mint NFTs utilizing a new type of token – TRC 721. The question of course remained: ‘What project would be first onto the Tron NFT scene?’
Shortly after the TRC 721 token was released, TPunks (Tron Punks) was launched. TPunks paid homage to the original Crypto Punks. Given that TPunks was so fast to launch after the TRC 721 protocol was initiated, the minting process was fairly slow at first. Fast forward a few months to July and August and volume started to pick up significantly. In fact, in a matter of just a few days the TPunks team minted thousands of new Punks. Their volume was off the charts and easily lead all other Dapps within the Tron ecosystem.
There are 10,000 TPunks in existence. Each punk has its own flare and is original in its own way. As part of the collection, there are 11 ultra rare Justin variations, a nod to the founder of the Tron Blockchain – Justin Sun. There are also 9 rare alien variations. While the minting has finished, the TPunks team custom built a marketplace for holders to buy and sell their TPunks.
We mentioned that the volume of TPunks was significant and it continues to be. Over the past 30 days there have been more than 167k transactions facilitating over $12.5 Million of Transactions. What is perhaps even more significant is that 18,710 users have interacted with TPunks in the same time period. Talk about a significant impact to the Tron ecosystem.
TPunks has the prestigious status of being the first NFT on Tron as well as claiming the largest NFT sale in Tron History. The “Joker” TPunk (#3442) sold for a whopping 10.5 Million dollars. The buyer was none other than Justin Sun. This shatters all records and puts TPunks as the current King of the NFT hill on Tron.
The Joker NFT was not the only significant sale of TPunks. There have been dozens of TPunks sold for thousands of dollars. Check out some of the other top dollar sales:
Rounding out the top are:
1. TPunk: #3442 sold for 120,000,000 TRX
2. TPunk: #3442 sold for 6,900,000 TRX
3. TPunk: #910 sold for 2,000,002 TRX
3. TPunk #2890 sold for 1,000,000 TRX
4. TPunk #4178 sold for 900,000 TRX
5. TPunk #2795 sold for 800,000 TRX
6. TPunk #1119 sold for 730,000 TRX
7. TPunk #6965 sold for 700,000 TRX
8. TPunk #5905 sold for 600,000 TRX
9. TPunk #2555 sold for 555,555 TRX
As you can, we are not talking about small amounts of money. We are talking about millionaires getting involved and wanting a piece of the Tron NFT space.