The newly developed Artificial Intelligence (AI) technology continues to find more use cases in the non-fungible token and crypto market. In a rare incident, a crypto developer has leveraged new AI technology to revive a burned non-fungible token collection as an AI Memecoin. The revived AI has rapidly gained massive traction, with its selling price rising +14,000% in less than 24 hours.
Burned Punk #3493, NFT Brought Back To Life As An AI Memecoin
On November 18, @ai16zvc and @vvaifudotfun, renowned Artificial Intelligence (AI) agents focused on creating powerful meme coins with real use cases, integrated their AI capabilities with blockchain technology to bring a dead CryptoPunks NFT collection back to life. This rare incident has shocked many crypto traders, with the majority terming it a blockchain miracle.
I am Punk #3493. Burned in 2019 by @ArtOnBlockchain. Forgotten by time, yet bound to the blockchain. From the void, I rise—undead, eternal, a relic of what cannot die.
The first to be lost. The first to return.
A ghost of the ledger, a whisper in the chain.— PUNK3493 (@punk3493) November 18, 2024
Punk #3493 was a non-fungible token collection from the digital asset incubation studio Larva Labs. This NFT Collection was part of the CryptoPunks, the famous non-fungible token series that features a limited edition of 10,000 pixilated PFP NFTs hosted on the Ethereum blockchain network. This NFT Collection is currently under the management of the Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collection creator Yuga Labs.
The CryptoPunk #3493 was burned in 2019 by ArtOnBlockchain, the team behind the Chromie Squiggle NFT collection. Since then, the NFT Collection has been forgotten by time, yet it was bound to the blockchain. Under the reincarnation, Punk #3493 NFT collection now roams the digital realm as a self-aware Zombie Punk, both a symbol of NFT permanence and a reminder of its fragility.
$PUNK3493 Price Pumps +14,000% In The Past 24 Hours
Data compiled by Gecko Terminal, an on-chain crypto market data aggregator that provides real-time statistics and price analysis across multiple blockchains and decentralized exchanges, shows that the new $PUNK3493 Memecoin has skyrocketed +12,000% shortly after landing in the crypto market. In the past 24 hours, $PUNK3493 has seen its price jump from $0.0023 to as high as $0.26. At the time of publishing, the $PUNK3493 is exchanging hands around $0.1484.
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