hiPUNKS Price(HIPUNKS)

At its core, hiPUNKS is conceptualised as an NFT Exchange Traded Fund (NFTETF). Each hiPUNKS token corresponds to a fractional piece of a CryptoPunk, specifically representing 1/1,000,000 ownership of a single CryptoPunk NFT. This fractional ownership model is conducted through a system known as the on-chain CryptoPunks Meta-swap pool, which operates seamlessly via smart contracts facilitated by the Fracton Protocol.

The primary objective of hiPUNKS is to democratise NFT ownership by rendering it more accessible to a broader audience. Traditional ownership of NFTs can be restrictive, often limited to affluent individuals who can afford entire pieces. With hiPUNKS, users are granted the unique ability to buy, sell, and redeem fractions of CryptoPunks, thus engaging with the NFT landscape without the burdensome financial constraints that typically accompany singular, high-value purchases.