the thing that gets overlooked about $111 the token creates a growing bid for cryptopunks and when that bid gets large enough, the market has to make a decision sell a punk into it return the punk to circulation or let the work collect it forever both auction outcomes buy and burn $111 and both outcomes move the artwork forward either the bid reloads or the permanent collection gets closer to complete

when the first punk gets vaulted in the immutable @permanentpunks contract, will it be considered burned?

Live bid increased to 7.8 ETH. 111.ripe.wtf/bid