Chain Runners is a group of "Ten Thousand" pixelated renegades Non Fungible Tokens living on the Ethereum blockchain. Each Runner is created at random, with 13 layers, 8 colors per layer, and alpha blending.
10,000 32x32-pixel Chain Runners are available, and their costs are currently skyrocketing. The going rate appears to be around three ETH, or roughly $12,500, though there is a lot of variation across the collection, as with any NFT.
The entire atmosphere is "Blade Runner" meets Sega Genesis, and the project has a detailed background that incorporates a Mega-City home base and a squad of renegades known as "The Runners" fighting against authority.
This collection advances the concept of NFTs as a whole. For starters, they're decentralized and on-chain, unlike many other initiatives that appear Web3-ish but are nonetheless structured as Web 2.0.
"A project like Chain Runners is a fantastic experiment in IP development with a community," Greylock's Sarah Guo wrote, "and is captivating the interest of crypto and tech leaders as well as first-time NFT customers alike." Chain Runners was created by a few of the developers behind Blitmap, another super-ambitious NFT project that exists in an entire sci-fi universe.
The Chain Runner Collection
The collection has a total of 10,000 NFTs, all of which were minted at a cost of 0.05 ETH each. They're still available at OpenSea. The collection is presently owned by 3043 people. The collection's overall sales volume has surpassed $1 million.
A single NFT cost around $4.5k on average. The most expensive NFT piece in the collection was Runner #9527, which sold for $588.1k. The NFT collection also features a fantastic history, which includes a Mega City and a band of outlaws known as The Runners. These Runners are taking on the authorities.
With being totally on-chain and decentralized, the collection has managed to push the concept of NFTs in a new direction. The developers release the NFTs under a permissive license because the entire code is open source. The tech community has had a thrilling time as a result of this.
Team & Investors
The big tech names to buy Runners over the last few days: Josh Buckley, the investor, and former Product Hunt C.E.O, who appears to own 135 Runners; Away founder Jen Rubio; Nothing's Carl Pei; 20VC's Harry Stebbings; Worklife's Bri Kimmel; Figma's Dylan Field; Gary Vaynerchuk; and Alex Pall, of The Chainsmokers, who absolutely counts as a tech mogul.
Chain Runners seem to be the next big thing in NFTs. It's a relatively new project, but it took off in a big way over the last few days, and looks headed to join Bored Ape Yacht Club and the Cryptopunks on NFT Mount Rushmore.
There's also some speculation that Coinbase's Brian Armstrong may have bought a Runner, which supporters are very excited about but is so far hard to know for sure.
10,000 32x32-pixel Chain Runners are available, and their costs are currently skyrocketing. The going rate appears to be around 3 ETH, or roughly $12,500, though there is a lot of variation across the collection, as with any NFT.
The Chain Runners collection is advancing the concept of NFTs as a whole. For starters, they're decentralized and on-chain, unlike many other initiatives that appear Web3-ish but are nonetheless structured as Web 2.0.
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