PERPETUALLY BULLISH: TokenWorks Is Expanding Its NFT Buying Machines To Bored Apes, Pudgy Penguins, Meebits, CryptoDickButts, And Moonbirds!

NFTs, tokens, and a fully onchain and autonomous “NFTStrategy” are the talk of the timeline today after Brooklyn based Web3 developer and TokenWorks founder, Rhynotic, announced that he’s bringing his perpetual NFT buying machines to even more ecosystems, including the Bored Apes!

On Wednesday, TokenWorks tweeted that it will be launching five new “NFTStrategy” coins tomorrow, modeled after the company’s popular PunkStrategy token. Each of these perpetual machines will buy and sell Apes, Meebits, CryptoDickButts, Pudgy Penguins, and Moonbirds in perpetuity.

 

“Introducing NFTStrategy: A Perpetual Machine for every NFT collection,” the project tweeted today. “PunkStrategy started as an art project, and turned into a whole new token meta. It was bound to be forked, and we felt like we should create a way to launch your own while still being permissionless and safe for buyers. We also wanted to make sure each one strengthened $PNKSTR, and also gave value back to project creators/artists that have slowly been cut out of royalties.”

 

Like TokenWorks’ PunkStrategy token, which has accumulated eight CryptoPunks and has a market cap of $28 million USD at the time of this article’s publication, each NFTStrategy coin will be powered by a 10% trading fee: 8% goes to the NFT accumulation pool, 1% goes to the collection owner as royalties, and 1% is used to buy and burn $PNKSTR, according to TokenWorks.

As the Bored Ape Gazette previously reported, Each Strategy token runs on a smart contract. Once the contract collects enough fees, it purchases a floor NFT and lists it for 1.2x the price. When that NFT sells, the proceeds are used to buy back and burn the token. No one controls these Perpetual NFT Machines, they simply run perpetually.

At this time, we don’t know exactly when or how you’ll be able to ape into TokenWorks’ NFTStrategy tokens tomorrow, but Rhynotic confirmed that all the details will be announced on the TokenWorks X account.

For more information on the Perpetual Punk Machine and PunkStrategy, be sure to follow the project, @token_works, on X. You can also check out the token here: https://dexscreener.com/ethereum/0xbdb0f9c31367485f85e691f638345f3de673a78effaff71ce34bc7ff1d54fddc

 

The Bored Ape Gazette will continue to follow all things NFTStrategy and will let you know when and how you can ape in tomorrow. Stay tuned for updates!