Around the Block #15: CryptoPunks, the NFT boom, and EIP-1559

2 · Coinbase · Aug. 18, 2021, 12:25 a.m.
Around the Block sheds light on key trends in crypto. In this edition, Justin Mart and Connor Dempsey highlight the latest NFT boom, and Ethereum’s EIP-1559 upgrade.CryptoPunks & the latest NFT boomA Veblen good is a type of luxury good for which the demand increases as the price increases, in apparent contradiction with the law of demand. Rolex watches, diamonds, yachts, bitcoin, and now, strange looking pixelated characters that you can find all over your twitter feed.The OG NFTIn 2017, Larva ...