Bloomberg: Not all IDs are the same in the exchange.

The complexity of the real world begins to enter the virtual stage of the metaverse, where the individual is not only a reflection of social capital, but also a determinant of social capital.

The price difference for digital avatars based on race, gender and skin color is reflected in the CryptoPunks listed by the NFT, touted in the world of crypto, decentralized finance, blockchain and heterogeneous tokens. Conflict between utopia and egalitarian ideology.

According to participants and observers in the area, the price difference is in part due to the lack of diversity of investors who favor this asset. It is a public model dominated by males and whites. Punk women and fair-skinned men sell less than men as righteous avatars.

Cryptopunk traders say the price difference is not the result of personal misconduct or discrimination, but the fact that people are willing and able to pay the highest price for digital products. today do not dare for people who do not love them. avatars.

“If you look at the blockchain space, it's predominantly white and male,” said Tony Herrera, a California-based immigration activist with 60 CryptoPunks. "If one punk is dark and the other bright, the light will be more famous."

Tony herrera

To understand the role of the individual in the virtual world, we refer to the case of Richerd Chan. A specialist and trader from Vancouver, Canada purchased the digital avatar to improve its reputation as a leading cryptocurrency.

(Bottom row) This JPEG file is said to have a value of over $ 80,000, which is the equivalent of 45 ETH in crypto, making it the most widely used file in Richard Chan's history. Chan spent two weeks looking for the best role in the network to represent him. On March 31, she clicked the button to purchase a pixelated image of a middle-aged male avatar wearing 3D glasses and smoking.

Chan, 37, said, "It's great self-expression." 3D mirrors make it stand out. I don't smoke in real life, but it makes me avant-garde. I appreciate the skin tones in the photo. "I agree with that."

(Knowledge) Chani doesn't lie. In October, he donated an additional $ 9.5 million to that profile picture of other fans online. Chan said it was strange, but his digital numbers are not for sale.

This year alone, Chan reportedly spent 143 ETH (now over $ 600,000) to purchase four pixelated avatars. This avatar is from CryptoPunks. For him, there was CryptoPunk showing his ability to pay a high price to represent his name "OG" in the crypto arena or join a specialty club.

In this digital world, the value of social capital encoded in pixels is a function of many devices. The more expensive NFT avatar sets have different prices, depending on item, hairstyle, clothing, and skin. In other words, not all punks are created equal.

Traders say inconsistencies and shortcomings are the main drivers of CryptoPunks and similar NFT prices in the open market for digital products. For example, there are only 9 "aliens" marked out of 10,000 existing cryptopunks. Sotheby's auction house recently sold one of the foreigners for almost $ 12 million. In addition, 24 monkeys and 88 zombies included in the collection are minimal, so they are more expensive than regular punks.

By gender, there were 6,039 male punks and 3,840 female punks, and the number of female punks in circulation was low. According to data from DeGenData, a total of 2,124 male cryptopunks have been sold since August, with the lowest price being 99ETH. At the same time, female cryptopunks sold 1,165, with an average price of 95 ETH.

The data also shows that the average weekly minimum selling price of medium to dark skinned cryptopunks has been lower than that of light skinned punks since NFTs broke into points in August. And the price of female punks is the same as that of male punks.

Male punk price statistics

As of August, the average weekly price of cryptopunk eye drops for skinny men has not been the same as that of fair-skinned punks.

Source: DeGenData, data is based on lowest cost and is not modified for features that may generate additional value

Meebits values ​​follow suit (Meebits are similar avatar NFTs that resemble 3D Lego characters). According to the names of Meebits, most of the low cost retailers in the OpenSea digital real estate market are designed to look black. In May of this year, Herrera said on Twitter that its lower price than Meebits was unsatisfactory. He asked his fans to buy more black NFTs with him to increase the price. Herrera said she doesn't believe in the racism in price variation and that the model is simply leaning towards buying.

As Herrera says, "You can buy anything you want for as long as you can afford it." "People of color are becoming restrictions."

Herrera has previously claimed to have over 100 CryptoPunks. When NFT was below $ 10, he started buying it. When cryptopunk was first created in 2017, all known crypto fans could get it for free. In January of this year, some punks will now be available at a reasonable price - thousands of dollars.

Now, entering a corner of the cryptocurrency world requires thousands of dollars of money, and sometimes millions of dollars. A wave of interest from companies like Visa and Christie's has caused cryptopunk prices to skyrocket. As of December 1, the owners of CryptoPunks have released NFTs, with prices ranging from nearly $ 400,000 to $ 24 billion. Data sales topped $ 7 million.

John Watkinson, founder of Larva Labs, the company behind CryptoPunks, said he wanted to create more characters to attract more authors. Watkinson said: "I am disappointed with the difference in cost for cryptopunk by race and gender." "Unfortunately, the market is completely decentralized, so there is no waste that can directly affect it."

Natalia Karayaneva, founder of real estate company Propy Inc., will marry Moxikan-haired Cryptopunk, as her fiance confirmed in March. Karayaneva recently sold punk for around $ 150,000, three times the price she bought.

Karayaneva said, "Incrypted women, many women who can afford many women in the number agent (this rate of cryopunks).

gender dynamics

A few months ago, the cost of cryptopunk for women was lower than that of cryptopunk for men.

In addition to the rare, there are also items that put Punk at the top of the price list. Hoodies, 3D sunglasses, VR glasses, hats, caps and caps are all products that consumers are willing to pay top dollar for. Usually most punks have two or three characters, and in general the more characters the higher the value. Out of 10,000 stable collections, a single cryptopunk has 7 characteristics: cigarette, earrings, mole, buckwheat, classic sunglasses, hat and beard. Widely regarded as the most important cryptopunk.

Product size can mean that marketers can take on metaverse roles, including using functionality that is completely different from their "real" self.

According to NFT investor Nick Kneuper, every high cryptopunk price means most buyers have options and like to pick the avatar they think represents them the best, and he regrets selling it himself in August. . More importantly, even those who are capable of a lot of punks will be hesitant to choose an avatar different from their race, Kneuper said.

“Some people are white, but if you use black punk as your profile picture, you might be afraid of being criticized for being a digital black face,” Kneuper said.

Female Punk Price Statistics

Since August, the average weekly price of cryptopunk eye drops for women with oily skin has lagged behind as have punks for women with oily skin.

Long-term bull market billionaire and cryptocurrency bull market billionaire Mike Novogratz joined the controversy in particular by tweeting that he was "distressed" that racism in the world is coming to a head. Novogratz's tweet of November 9 led to many responses about what is and isn't allowed in the meta world.

The tweet was announced the next day from cryptocurrency firm Novogratz Galaxy Digital Holdings Ltd. bought Punk 8466, a punk-skinned man wearing a face mask, head and beard. According to data from Larva Labs, the punk sold for 98.50 ETH ($ 421,543) on October 30. A Galaxy Digital spokesperson declined to comment on the company's decision to buy dark-skinned punk.

Black NFT traders participated in the PO discussion. Webb Smith, founder of media company 2PM Inc., said: “This is happening because there are more and more black traders in this space, and I think the changes will change as well. there will be more talks in six months. "

Ameer Suhayb Carter

One of them was expert user designer Ameer Suhayb Carter, who started a black group called Crypto Cookout. A club with 450 affiliates buys two cryptopunks by purchasing models called partial members, and each cryptocookout member is a partial owner of both punks.

Carter said, “We weren't planning on starting any other kind of business,” Carter said, “because we've seen (must do) that black people or the black equivalent are going or not going. not cool down until they're cool. "