CryptoSkulls Review: Everything You Should Know

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An old NFT project is gaining immense traction in 2022, thanks to the endorsement from NFT influencers. 

CryptoSkulls is the NFT project that may seem like a new entrant in the non-fungible market, but it really isn’t. This NFT project is a collection of 10,000 digital assets launched back in 2019, making it one of the earliest Profile Picture (PFP) NFTs on Ethereum.

Initially built on the popular blockchain Ethereum, the project is now also live on Ethereum side-chain Polygon as well. 

If the popularity of old projects like CryptoPunks, Ether Rocks, and MoonCats has told us anything, it is that collectors place greater value on something that is historical and such assets tend to experience a resurgence at some point in time. So, let's check out what all the hype is about.

NFT Mania Continues 

2021 was the year of non-fungible tokens (NFTs) which simply exploded into popularity, and this mania is continuing this year at the same fast pace. 

Google Trends shows that search for the term NFT continues to climb, now hitting another new high and on an uptrend since July 2021. NFT monthly volume is also closer to $3 billion in sales across ten different blockchain networks, including Ethereum, Ronin, Solana, Flow, Polygon, and more, in complete contradiction to the ongoing broad crypto market downturn.

The growing NFT craze is also evident from Meta (rebranded from Facebook) diving into NFTs. The tech giant has announced a new feature that will let users show off their NFTs on Facebook and Instagram profiles. The company is also working on NFT marketplace prototypes to further allow users to mint their own NFTs.

Another big player, Twitter, has introduced a new feature to certify PFP NFTs, and for this, the platform is supporting several crypto wallets, including Argent, Coinbase Wallet, Ledger Live, MetaMask, Rainbow, and Trust Wallet that users can connect to their profiles to verify their NFTs.

As for what are NFTs, they are digital tokens that represent the ownership of unique items, which unlike cryptocurrencies like Bitcoin and fiat money, are non-fungible, meaning non-interchangeable. 

The NFT world is relatively new, and their scope is in anything that is unique and needs provable ownership. Much like crypto assets, NFTs are bought and sold on specialized platforms called NFT marketplaces such as OpenSea, Rarible, SuperRare, Foundation, Nifty Gateway, and LooksRare.

Limited CryptoSkulls with Rare Traits

People have poured in millions of dollars in NFTs with some art pieces like Beeple’s “​​Everydays: the First 5000 Days” going under the hammer at Christie's for a whopping $69 million. Since then, several NFTs such as CryptoPunks and Bore Ape Yacht Club (BAYC) have raked in big numbers. 

One such NFT is CryptoSkulls, launched in 2019 by developer and artist Alex Slayer. There are a total of 10,000 collectibles, and each ERC-721 NFT is stored on Ethereum and Polygon blockchains. 

Ethereum is the most popular blockchain for NFTs, but it struggles with network congestion which drives up the cost of using it leading to the pricing out of smaller users. While Ethereum is working on solving the issue of scalability with the latest significant upgrade, “The Merge,” that will switch its current proof of work (PoW) consensus mechanism to proof of stake (PoS) this year, there is still uncertainty around its release. 

While Ethereum struggles with scalability, alternative solutions like Polygon are seeing increased adoption. This secondary scaling solution for the Ethereum blockchain has made transactions cheaper and faster. Recently, this layer-2 scaling solution successfully implemented the much-publicized Ethereum update, EIP-1559, to burn native MATIC tokens.

Every CryptoSkull is also a playable token in the Gold of Skulls game. The game also has its own ERC-20 token GSK with a supply of 10 million. As of writing, it is trading around $1.30. Players can earn these GSK tokens in the game and can use them as a payment token on the largest NFT-marketplaces like OpenSea or send it to friends as a gift.

The team has allocated 55% of the GSK supply towards in-game rewards, 15% is for community support, 12.5% is for development grants, and 2.5% is for the initial liquidity pool. 5% of the supply goes to the team, while 10% is reserved for marketing purposes. 

Unique Pixelated Avatar NFTs

Profile Picture NFTs were some of the first NFTs that were ever made. CryptoPunks were early on the trend in 2017 with fixed algorithmically generated portraits of punks. A couple of years later, CryptoSkulls entered the market with its own collectibles with different traits.

(Image Source


Each CryptoSkull character is a unique pixel art with Uniqueness Index property, which shows the total rareness of all image features. Those with rarer features have less Uniqueness Index. For instance, skull lords, which are hand-drawn images, are the rarity trait and have a Uniqueness index of 1.

Much like this avatar project, there is a limited 10,000 CryptoPunks, which were sold at first launch for free. But as NFTs captured everyone’s attention, they became extremely valuable, with CryptoPunk 7523 sold for $11.75 million at a Sotheby's auction, making it the most expensive avatar in the collection to date.

Akin to this, a similar frenzy was seen in the demand for ultra-scarce EtherRock. This 2017 collection of 100 “per rocks” was available at about $5k at the beginning of NFT summer, only to see its floor price soar above $1 million within a month.

The Hype 

While CryptoSkulls has been in the market for three markets now, it was only in January 2022 that this NFT started gaining traction, which was after some NFT influencers discovered this collection.

At one point, CryptoSkulls was the most trending NFT project surpassing the likes of OG collectible CryptoPunks as well as BAYC and Art Blocks Curated. In the past 7-days, CryptoSkulls did $31 million in sales volume while its all-time volume is about $53.7 million, according to data from CryptoSlam.io.

Based on volume, CryptoSkulls is still among the top 10 collections on NFT market leader OpenSea. There are currently 4,300 holders that own CryptoSkulls. The floor price, the lowest price at which a CryptoSkulls is available in the market, meanwhile is 2.14 ETH.

Up until the second week of January 2022, the project saw only a couple of sales only to climb to over 200. Their average price has also surged from less than 0.1 ETH to 3.45 ETH in the mid of the month. 

So, what really started this sudden uptick in interest in CryptoSkulls? It may have started with NFT Now co-founder Matt Medved who has been supporting CryptoSkulls for months now.

The major resurgence in CryptoSkulls NFT collection was further propelled by Gary Vaynerchuk, who is particularly influential with over 2.8 million followers on Twitter. The entrepreneur has been immersed in the NFT space since last year and is known to have a big collection of NFTs, including several CryptoPunks. 

CryptoSkulls saw viral success, drawing speculation that it may even replace CryptoPunks. The buzz was created after Vaynerchuk revealed in a Twitter space that he has purchased a CryptoSkulls NFT for 100 ETH.

As collectors and influencers minted their own CryptoSkulls NFT and hyped the project on social media, many were tempted to join in. Coupled with their historical status, CryptoSkulls then pulled in even more enthusiasts. 

CryptoSkulls NFTs are currently available on popular marketplaces OpenSea and Rarible, as well as the latest NFT marketplace LooksRare that is currently leading the market.

How to Buy CryptoSkulls NFTs?

If you want to buy or sell CryptoSkulls on NFT marketplaces, you would first need a digital wallet. MetaMask is a popular wallet for NFTs, which is also available as a browser extension. If you are installing the crypto wallet for the first time, be aware of sponsored links and phishing. Make sure that you are using the correct website URL for downloading the wallet.

Take further steps towards storing your NFTs securely in cold storage by using popular hardware wallets Ledger and Trezor alongside MetaMask.

Before you start using these platforms, fund your wallet with some ETH to pay for gas and other transaction fees charged by these NFT platforms. The gas fees depend on the network usage and can be extremely costly, so to save money, you might want to use the network when gas prices are lower. You can reference sites like EthGasStation to check the gas fee range on any given day.

Once you have the wallet installed, connect it to the NFT marketplace, which you can do so by going to the platform and clicking on your profile. As you are prompted to connect your wallet, choose MetaMask out of all the available options. Just accept the Terms & Conditions and grant all the required permissions to your wallet, as well as sign the signature request. 

Now, to buy the CryptoSkulls NFT, you can try the search bar on the platform to find all the available options. Some NFTs you can buy directly at their price listed right beside them, or you can make an offer, which must be higher than the last one. 

When going for any of the options, you will be asked to connect your wallet. Once done, you would see the relevant information, such as estimated gas fees and transaction processing time. Here, you might be tempted to change your gas fees, but remember that lowering it would also reduce the transaction speed.

Once you hit confirm, your transaction will process. And, then a few seconds or minutes later, you will have your NFT, which you can see in your collection.

As for selling you CryptoSkulls NFT, go to the “Sell” option and fill out all the details of the sale. Here, you would have to choose between either selling the NFT at a fixed price or going for a timed auction. Now, just wait for the bids to flow in.

While listing NFTs is usually free, these platforms charge a fee on every buy or sell. For instance, OpenSea takes a 2.5% cut, Rarbible charges a 2.5% commission, and LooksRare has a 2% flat transaction fee. LooksRare is particularly gaining traction thanks to its low fee, which is allocated to its native token LOOKS stakers.

Final Word


After the success of 2021, NFTs are only solidifying their presence and gaining more mainstream attention, even more than the major crypto assets like Bitcoin and Ethereum or meme coins like DOGE or SHIB. NFTs are ruling the crypto market and continue to experience an incline in their popularity, volume, and price, unlike the broad market, which is sluggish.

Now, in the NFT sector itself, several verticals are popping up. Besides collectibles and digital artwork, gaming and finance are looking like the new trend where NFTs will see their applications this year. 

A new way to determine ownership of digital items using blockchain technology, it makes sense that amidst the growing digitization, NFTs are becoming increasingly popular. And because of this, their potential goes beyond just digital artwork, music, and digital land but can cover licensing and publishing, metaverse, limited-edition products, ticketing, physical assets, and more in the future. 

But that doesn’t mean the collectibles will lose their value. Avatar NFTs projects are currently ruling the sector and are among the most successful ones. For thousands of people, these Profile Picture NFTs are acting as digital identities. Some of these projects even grant membership to communities and exclusive access to events and other NFT drops.

Today, Twitter is flooding with NFT profile pictures, and with online anonymity gaining traction as well as the world getting more and more virtual, the PFP NFT market with highly customizable avatars is only expected to grow further. 

Not to mention, the social networking giant Twitter is legitimizing NFTs by allowing its users to prove ownership of their profile pictures, some of which have cost their owners thousands if not millions of dollars. 

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Reviews

Gaurav Roy
24.01.2022

CryptoSkulls Review: Everything You Should Know

Collection

7.0


An old NFT project is gaining immense traction in 2022, thanks to the endorsement from NFT influencers. 

CryptoSkulls is the NFT project that may seem like a new entrant in the non-fungible market, but it really isn’t. This NFT project is a collection of 10,000 digital assets launched back in 2019, making it one of the earliest Profile Picture (PFP) NFTs on Ethereum.

Initially built on the popular blockchain Ethereum, the project is now also live on Ethereum side-chain Polygon as well. 

If the popularity of old projects like CryptoPunks, Ether Rocks, and MoonCats has told us anything, it is that collectors place greater value on something that is historical and such assets tend to experience a resurgence at some point in time. So, let's check out what all the hype is about.

NFT Mania Continues 

2021 was the year of non-fungible tokens (NFTs) which simply exploded into popularity, and this mania is continuing this year at the same fast pace. 

Google Trends shows that search for the term NFT continues to climb, now hitting another new high and on an uptrend since July 2021. NFT monthly volume is also closer to $3 billion in sales across ten different blockchain networks, including Ethereum, Ronin, Solana, Flow, Polygon, and more, in complete contradiction to the ongoing broad crypto market downturn.

The growing NFT craze is also evident from Meta (rebranded from Facebook) diving into NFTs. The tech giant has announced a new feature that will let users show off their NFTs on Facebook and Instagram profiles. The company is also working on NFT marketplace prototypes to further allow users to mint their own NFTs.

Another big player, Twitter, has introduced a new feature to certify PFP NFTs, and for this, the platform is supporting several crypto wallets, including Argent, Coinbase Wallet, Ledger Live, MetaMask, Rainbow, and Trust Wallet that users can connect to their profiles to verify their NFTs.

As for what are NFTs, they are digital tokens that represent the ownership of unique items, which unlike cryptocurrencies like Bitcoin and fiat money, are non-fungible, meaning non-interchangeable. 

The NFT world is relatively new, and their scope is in anything that is unique and needs provable ownership. Much like crypto assets, NFTs are bought and sold on specialized platforms called NFT marketplaces such as OpenSea, Rarible, SuperRare, Foundation, Nifty Gateway, and LooksRare.

Limited CryptoSkulls with Rare Traits

People have poured in millions of dollars in NFTs with some art pieces like Beeple’s “​​Everydays: the First 5000 Days” going under the hammer at Christie's for a whopping $69 million. Since then, several NFTs such as CryptoPunks and Bore Ape Yacht Club (BAYC) have raked in big numbers. 

One such NFT is CryptoSkulls, launched in 2019 by developer and artist Alex Slayer. There are a total of 10,000 collectibles, and each ERC-721 NFT is stored on Ethereum and Polygon blockchains. 

Ethereum is the most popular blockchain for NFTs, but it struggles with network congestion which drives up the cost of using it leading to the pricing out of smaller users. While Ethereum is working on solving the issue of scalability with the latest significant upgrade, “The Merge,” that will switch its current proof of work (PoW) consensus mechanism to proof of stake (PoS) this year, there is still uncertainty around its release. 

While Ethereum struggles with scalability, alternative solutions like Polygon are seeing increased adoption. This secondary scaling solution for the Ethereum blockchain has made transactions cheaper and faster. Recently, this layer-2 scaling solution successfully implemented the much-publicized Ethereum update, EIP-1559, to burn native MATIC tokens.

Every CryptoSkull is also a playable token in the Gold of Skulls game. The game also has its own ERC-20 token GSK with a supply of 10 million. As of writing, it is trading around $1.30. Players can earn these GSK tokens in the game and can use them as a payment token on the largest NFT-marketplaces like OpenSea or send it to friends as a gift.

The team has allocated 55% of the GSK supply towards in-game rewards, 15% is for community support, 12.5% is for development grants, and 2.5% is for the initial liquidity pool. 5% of the supply goes to the team, while 10% is reserved for marketing purposes. 

Unique Pixelated Avatar NFTs

Profile Picture NFTs were some of the first NFTs that were ever made. CryptoPunks were early on the trend in 2017 with fixed algorithmically generated portraits of punks. A couple of years later, CryptoSkulls entered the market with its own collectibles with different traits.

(Image Source


Each CryptoSkull character is a unique pixel art with Uniqueness Index property, which shows the total rareness of all image features. Those with rarer features have less Uniqueness Index. For instance, skull lords, which are hand-drawn images, are the rarity trait and have a Uniqueness index of 1.

Much like this avatar project, there is a limited 10,000 CryptoPunks, which were sold at first launch for free. But as NFTs captured everyone’s attention, they became extremely valuable, with CryptoPunk 7523 sold for $11.75 million at a Sotheby's auction, making it the most expensive avatar in the collection to date.

Akin to this, a similar frenzy was seen in the demand for ultra-scarce EtherRock. This 2017 collection of 100 “per rocks” was available at about $5k at the beginning of NFT summer, only to see its floor price soar above $1 million within a month.

The Hype 

While CryptoSkulls has been in the market for three markets now, it was only in January 2022 that this NFT started gaining traction, which was after some NFT influencers discovered this collection.

At one point, CryptoSkulls was the most trending NFT project surpassing the likes of OG collectible CryptoPunks as well as BAYC and Art Blocks Curated. In the past 7-days, CryptoSkulls did $31 million in sales volume while its all-time volume is about $53.7 million, according to data from CryptoSlam.io.

Based on volume, CryptoSkulls is still among the top 10 collections on NFT market leader OpenSea. There are currently 4,300 holders that own CryptoSkulls. The floor price, the lowest price at which a CryptoSkulls is available in the market, meanwhile is 2.14 ETH.

Up until the second week of January 2022, the project saw only a couple of sales only to climb to over 200. Their average price has also surged from less than 0.1 ETH to 3.45 ETH in the mid of the month. 

So, what really started this sudden uptick in interest in CryptoSkulls? It may have started with NFT Now co-founder Matt Medved who has been supporting CryptoSkulls for months now.

The major resurgence in CryptoSkulls NFT collection was further propelled by Gary Vaynerchuk, who is particularly influential with over 2.8 million followers on Twitter. The entrepreneur has been immersed in the NFT space since last year and is known to have a big collection of NFTs, including several CryptoPunks. 

CryptoSkulls saw viral success, drawing speculation that it may even replace CryptoPunks. The buzz was created after Vaynerchuk revealed in a Twitter space that he has purchased a CryptoSkulls NFT for 100 ETH.

As collectors and influencers minted their own CryptoSkulls NFT and hyped the project on social media, many were tempted to join in. Coupled with their historical status, CryptoSkulls then pulled in even more enthusiasts. 

CryptoSkulls NFTs are currently available on popular marketplaces OpenSea and Rarible, as well as the latest NFT marketplace LooksRare that is currently leading the market.

How to Buy CryptoSkulls NFTs?

If you want to buy or sell CryptoSkulls on NFT marketplaces, you would first need a digital wallet. MetaMask is a popular wallet for NFTs, which is also available as a browser extension. If you are installing the crypto wallet for the first time, be aware of sponsored links and phishing. Make sure that you are using the correct website URL for downloading the wallet.

Take further steps towards storing your NFTs securely in cold storage by using popular hardware wallets Ledger and Trezor alongside MetaMask.

Before you start using these platforms, fund your wallet with some ETH to pay for gas and other transaction fees charged by these NFT platforms. The gas fees depend on the network usage and can be extremely costly, so to save money, you might want to use the network when gas prices are lower. You can reference sites like EthGasStation to check the gas fee range on any given day.

Once you have the wallet installed, connect it to the NFT marketplace, which you can do so by going to the platform and clicking on your profile. As you are prompted to connect your wallet, choose MetaMask out of all the available options. Just accept the Terms & Conditions and grant all the required permissions to your wallet, as well as sign the signature request. 

Now, to buy the CryptoSkulls NFT, you can try the search bar on the platform to find all the available options. Some NFTs you can buy directly at their price listed right beside them, or you can make an offer, which must be higher than the last one. 

When going for any of the options, you will be asked to connect your wallet. Once done, you would see the relevant information, such as estimated gas fees and transaction processing time. Here, you might be tempted to change your gas fees, but remember that lowering it would also reduce the transaction speed.

Once you hit confirm, your transaction will process. And, then a few seconds or minutes later, you will have your NFT, which you can see in your collection.

As for selling you CryptoSkulls NFT, go to the “Sell” option and fill out all the details of the sale. Here, you would have to choose between either selling the NFT at a fixed price or going for a timed auction. Now, just wait for the bids to flow in.

While listing NFTs is usually free, these platforms charge a fee on every buy or sell. For instance, OpenSea takes a 2.5% cut, Rarbible charges a 2.5% commission, and LooksRare has a 2% flat transaction fee. LooksRare is particularly gaining traction thanks to its low fee, which is allocated to its native token LOOKS stakers.

Final Word


After the success of 2021, NFTs are only solidifying their presence and gaining more mainstream attention, even more than the major crypto assets like Bitcoin and Ethereum or meme coins like DOGE or SHIB. NFTs are ruling the crypto market and continue to experience an incline in their popularity, volume, and price, unlike the broad market, which is sluggish.

Now, in the NFT sector itself, several verticals are popping up. Besides collectibles and digital artwork, gaming and finance are looking like the new trend where NFTs will see their applications this year. 

A new way to determine ownership of digital items using blockchain technology, it makes sense that amidst the growing digitization, NFTs are becoming increasingly popular. And because of this, their potential goes beyond just digital artwork, music, and digital land but can cover licensing and publishing, metaverse, limited-edition products, ticketing, physical assets, and more in the future. 

But that doesn’t mean the collectibles will lose their value. Avatar NFTs projects are currently ruling the sector and are among the most successful ones. For thousands of people, these Profile Picture NFTs are acting as digital identities. Some of these projects even grant membership to communities and exclusive access to events and other NFT drops.

Today, Twitter is flooding with NFT profile pictures, and with online anonymity gaining traction as well as the world getting more and more virtual, the PFP NFT market with highly customizable avatars is only expected to grow further. 

Not to mention, the social networking giant Twitter is legitimizing NFTs by allowing its users to prove ownership of their profile pictures, some of which have cost their owners thousands if not millions of dollars. 

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