TokenWorks’ NFT Strategy tokens have been launched on the NFT marketplace OpenSea after gaining widespread market success with the ‘flywheel’ affect that lets traders combine DeFi with NFT.
- All eight NFT Strategy tokens by TokenWorks have been listed on the OpenSea NFT marketplace.
- NFT Strategy tokens combine NFTs and DeFi, managing assets related to specific NFT collections through automated trading strategies.
On Sept. 30, OpenSea announced that all NFT Strategy tokens are now available to trade on their NFT marketplace. The latest listings include the original Punk Strategy token, PUNKSTR, as well as several other well-known NFT collections tied to the new trading model that lets traders invest in NFTs as a way to earn yield.
NFT Strategy tokens combine NFTs and a DeFi model, managing assets related to certain NFT collections through automated trading strategies to create value or yield for holders. This sort of strategy is known as the ‘flywheel’ as it allows for automated relistings of NFT collections at 1.2x the initial purchase price.
As part of the new launch, OpenSea has added a rewards pool for select tokens worth 20 ETH. These tokens include PUNKSTR, PUDGYSTR, APESTR, TOADSTR, BIRBSTR, and many more.
With this new model, NFTs are no longer considered just digital art collectibles. They become investment instruments that carry value and generate yield for holders, much like how a token does. The team behind the NFT strategy investment mechanism, TokenWorks, started the model with the launch of PunkStrategy in September 2025.
The token was dubbed as an automated trading protocol exclusively for CryptoPunks, the iconic 10,000-character NFT collection launched by Larva Labs which was later acquired by Yuga Labs in 2022.
“PunkStrategy started as an art project, and turned into a whole new token meta. It was bound to be forked, and we felt like we should create a way to launch your own while still being permissionless and safe for buyers,” wrote TokenWorks on its official account.
“We also wanted to make sure each one strengthened $PNKSTR, and also gave value back to project creators/artists that have slowly been cut out of royalties,” the project added.
According to data from OpenSea, the PUNKSTR token has generated a market cap of $87.2 million since its launch on Ethereum (ETH). The token has a daily trading volume of $1.5 million and is currently valued at $0.08718. The price has dipped slightly in the past 24 hours by 1.9%, however it has seen a 392% surge since it was first launched on Sept. 15.
How do NFT Strategy tokens work?
According to TokenWorks, each ERC-721 based NFT collection can be deployed as a single NFT Strategy token on a 1 to 1 basis. Essentially, when the treasury hits the floor price of the cheapest CryptoPunk, the smart contract automatically buys it and instantly relists it on the market with a 20% markup or at a value of 1.2x the purchase price.
When the NFT sells on the market, all of the ETH earned from CryptoPunk sales are then used to purchase and burn NFT Strategy tokens. The cycle then continues on as more NFTs are bought and relisted, generating yield for token holders.
Every PNKSTR swap on DEXs like Uniswap incurs a 10% fee, with 8% funneled into an ETH treasury. The other 1% goes to supporters and another 1% goes to the TokenWorks team.
According to the post, other NFT Strategy tokens will have a slightly different fee structure. Each token will still have a 10% fee, with 8% going to the NFT accumulation pool. 1% will go to the collection owner as royalties, and 1% will be used to buy and burn PNKSTR as its main product.
