Slonks NFT Reconstructs CryptoPunks Using On-Chain Model

Slonks NFT has utilized an on-chain model to reconstruct CryptoPunks, with the slop value determining the production of $SLOP tokens. According to PANews, the merge mechanism has led to accelerated token burning, resulting in a 5% reduction over five days. This process has sparked a conflict between deflation and rarity valuation, resembling an on-chain Darwinian evolution.