🦸‍♀️ Cypherpunk Zero NFT Public Release [Open Mint Closed]

Just for the record, the excerpt above was taken out of context slightly. The thought experiment was supposed to highlight the opportunity cost of spending $1.8 million on the media grant and also to highlight that even if you gave 10k new people ZEC, the majority would have UX issues. So, the point of the thought experiment was UX should be a focus (not marketing)

Agree’d. The community has been discussing having a Zcash DAO for a long time. Cypherpunk Zero NFT holders is a cool way to experiment with governing Zcash funds. Anyone have any experience/knowledge about running an NFT holder DAO on Ethereum?

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I want try something with this idea. Still gathering some thoughts and courage. There will be risk involved and I don’t know if I’m willing to stake my reputation on something anyone can just talk shit on. lolz

Anyway, gathering some feedback about this on Twitter:

cc @brocktakeshi @Yaro @rosenthvl

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btw looks like someone is collecting 100s of NFTs

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Failure is one of the possible outcomes of trying. Ill always respect someone who tries.

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Why are so many people willing to sell their NFTs so cheaply? They will regret it.

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Mr. Market is weird. You can ask the same question for ZEC. :sweat_smile:

Why are so many people willing to sell their ZEC so cheaply?

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∞/10,000

Stop and think for a second. ZEC currently has a market cap of ~$1B. This collection, which will be the top Zcash NFT collection, only has 10k items forever. If it were valued at only, say, $10 million (which is a tiny fraction of the market cap of ZEC, and very low compared to other collections), that’s still $1,000 per NFT. If goblintown managed to get to a 4 ETH floor, Cypherpunks can too. This is just a phase where those who have a lot of NFTs from the minting phase (unfortunately that 4/16 NFTs minting limit per address led to some individuals having tons of NFTs) are selling cheap to amortize gas costs and make a small profit, or just to increase adoption. When this is over and more details about the future uses and benefits of this collection come out, I expect a floor of at least 1 ETH.
I’m still mad that I missed the minting.

PS: If Satoshi were to voice his opinion on Zcash, I think he would be proud of the cryptography ZEC has. imo Zcash is the real coin of the cypherpunks.

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but not mad that the floor has been quite low for some times, right?

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Nope, not at all. I’m in for the long term, bought because I love the idea behind Zcash and believe in this NFT project. I’m not here to get rich overnight trading the NFTs.

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Who charged a lot of bargains today?

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Answered your twitter with:
" IMO a community-founded DAO is the way to go. It would give a new avenue for people to engage and connect. It offers a new way for people to have a sense of ownership and say in the future of the Zcash ecosystem."

An experiment always involves risk and there is the difference between reckless and measured risk. As its a community-founded DAO it is the responsibility of the community to make it work.

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Well for me, given that resources are limited, I selling to reinvest in CZ NFTs I believe to be more valuable. Trying to balance quantity and “quality” of my collection.

It seems that this person has used multiple wallets during the mint.

Yes, I agree that this seems to be the case. There are several entities that looks to be doing the same thing. I’m trying to gather a list of potential sybil attackers that might be useful for a future CypherpunkZero DAO, these are some the more obvious ones:

0x1Ea35680B40f6BBA3ECeA78B500cbBB532Ad17B7
0x0e387C992C3F4b02c59dB6F23F8bf06836aDeA9F
0x9d448039ce9c30F5134aa4f3591815106B946D73

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Yes, its very clear from the ERC 721 transactions that these accounts did not respect the fair distribution efforts. Was discussing with @russ, on discord, that the so called soulbound tokens could help with sybill attacks. Not sure if this can be arranged for CZ NFTs though.


Just purchased #2751, figured I need to start collecting more CZ NFTs with clear Zcash merch :smile:

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Record sale 4.95 ETH
Heating up.

Maybe this will get the people selling for 0.05 to wake up.

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Good. Next stop: collection verified on OpenSea. Let’s go :rocket:

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6255 for 4.95 ETH? Its not that special, must be personal preference. I guess thats a great sign. Hoping ask prices for rare items are confirmed soon. Keep reminding myself its only been 7 days.

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