Will The Hypurr NFT Kickstart a New Golden Age of NFTs?

As Hyperliquid continues to grow at a remarkable pace and leave seasoned projects in its wake, a growing number of builders and crypto innovators are looking to partner with one of the most innovative cryptocurrency projects to have entered the space in recent memory. At first glance, Hyperliquid’s native token (HYPE) looks like a standard L1, with the native token acting as a governance token.

Although HYPE does have this functionality, the explosive growth of the EVM and the ecosystem has sailed the token’s valuation north of $12 billion. Although they originally launched in 2022, it wasn’t until rumors of a potential airdrop began circulating in 2023 and 2024 that the platform started to experience exponential growth.

However, even the most positive predictions from the most ardent Hyperliquid maximalists could not have anticipated the potential token price we would see within six months of its initial launch. Few people envisaged exactly how popular and innovative the platform and its EVM would become, and as it stands on the cusp of breaking into the top 10 cryptocurrencies by market cap, could the Hypurr NFT kickstart a new golden age of NFTs? Let’s have a look.

Appealing To A Casual Market

Aside from the phenomenal ambition of Hyperliquid’s core team, several distinctive criteria set the team apart from the rest of the industry, even before their token launch.

Mass adoption of any cryptocurrency project is the dream ticket for any company looking to launch in the digital asset space. We’ve had a glimpse of how popular cryptocurrency is when it partners with recognizable forms of entertainment, such as the casino gaming industry.

For many, though, this is a ceiling. Yes, there is a growing number of casino gamers seeking out platforms like www.ignitioncasino.eu, where they can use their cryptocurrency to play casino games.

However, when it comes to onboarding new customers into the world of cryptocurrency, it’s only those who know how casino gaming, blockchain, and cryptocurrency work that will be able to access casino sites and explore how they build on past innovations within iGaming.

Casino gaming companies have leveraged social media to attract more casual gamers to their brand, meeting them halfway with marketing that resonates with them, as shown in the link below.

Hyperliquid Appealing To Global Users

The goal of Jeff Yan and his small team at Hyperliquid HQ is to create an ecosystem that can house the entire financial sector. This extends beyond cryptocurrency perps trading, although they have grown into a colossal player in the world of crypto derivatives. It aims to incorporate commodity trading, such as gold and silver, as well as stocks, and eventually enable users to launch their own projects and create spot tokens within the Hyperliquid ecosystem.

When Hyperliquid airdropped in Q4 2024, the amount of tokens they distributed to their user base was staggering. It was comfortably the greatest airdrop in the history of cryptocurrency, as the company did not have any big money venture capitalists funding their project and taking an enormous cut, the majority of the airdrop went to the grassroots users, who, in turn, continued using the platform and sending the price of the token from $2 on launch date, to an all-time high of $45.

As part of the initial airdrop, users had to sign the terms and conditions. As part of those conditions, the top 5,000 users of Hyperliquid were allowed to opt in for a Hypurr NFT. While it was not a NFT-backed pre-coin investment, projects are beginning to implement this Hyperliquid model as part of their own launch.

Since the airdrop, the team have not mentioned anything for nearly 8 months, but on the chain sales, backed with collateral, have fetched prices of $65,000 - so it’s not a stretch to suggest that if they launch the NFT in positive market conditions, then each NFT could be worth upwards of six figures.

Hypurr NFT - Will It Be The Catalyst?

It’s been pretty quiet on the NFT front since the golden era of the 2021 NFT market, which saw the market reach $25 billion. The only truly successful NFT project in this bull run so far has been CryptoPunks, along with some Pudgy Penguins.

Suppose the Hypurr NFT has a set of tiers, including rare and ultra-rare ones. In that case, BTC goes to new all-time highs, and there’s potentially another airdrop or injection of liquidity into Hyperliquid. Hypurr NFTs are likely to become the largest NFT on the market—and by quite some distance.

If all of these components combine, do not be surprised to see some rare versions of this NFT sell for around half a million dollars with a floor price in the six figures.

Whether it will jump start a new NFT market remains to be seen, it’s unlikely that the rush we saw in 2021 will be replicated, but as a standalone piece of digital art, Hypurr NFTs rarity and the fact they are attached to a project which could end up dominating the alts this cycle will make them highly-sought after. I wish I had one, put it that way.