No products in the cart.
- Latest
- Trending
ADVERTISEMENT
NFTs are proprietary crypto assets that cannot be exchanged for equivalents. They are tokenized units of data stored on the blockchain that maintain an immutable record of ownership of every NFT, including transaction history when traded.
The origins of NFTs go back to Kevin McCoy, who created the first NFT, Quantum, in 2014. His one of the first NFTs created on the Ethereum network is the CryptoPunk NFT.
Cryptopunks It can be considered the premiere of NFTs on the Ethereum blockchain. The collection was created by Larva Labs, a software company co-founded in 2017 by former Google employees John Watkinson and Matt Hall.
Initially, the duo wanted to create mobile apps and video games, but decided to develop software that could generate thousands of different characters, putting together a collection to revolutionize digital art. . Later generated characters would serve as models for other of his NFT projects.
The CryptoPunks collection consists of 10,000 unique avatars with various blended traits or attributes that define their rarity.
CryptoPunks NFT was released on June 23, 2017. These collectibles developed the idea of profile pictures (PFPs) as collectible digital items that were later adopted in subsequent NFT projects. Each NFT in this collection is an avatar or PFP that can be used as a profile picture on social media such as Twitter, Discord, Telegram, Instagram, Whatsapp and the metaverse.
When the project launched in June 2017, 9,000 Punks were distributed free of charge to enthusiasts and investors ready to offset their gas bills. The remaining 1,000 of his punctures were saved for the team at Larva Labs. Punk NFTs depict male and female human apes, zombies and aliens.
Ape, zombie, and alien characters are considered more valuable than human characters.that’s all 24 Cryptopunk is an ape88 are zombies, 9 are aliens, 6,039 are male, and 3,840 are female punks.
Each piece is a 24×24 pixel image that can show a blend of 87 unique features such as earrings, hats, necklaces, pilot’s helmets, pigtails, and hair. The maximum number of attributes a single punk can have is 7. punk 8348 have this There are big beards, buck teeth, earrings, classic shades, top hats, moles and cigarettes. Most punks have two or three traits, but some punks have no attributes.
according to coin geckoas of August 25, CryptoPunks has a market capitalization of 674,432.55 ETH $1,158,215,565.49 with a starting price of 67.45 Ethereum (approximately $115,833.14 at the time of writing) 9,999 total assets with 3,585 unique owners.
All Punks have been acquired since 2017 and are only available in marketplaces such as: rare, high seasSuch. A non-custodial parent is required to purchase his NFTs on the market. crypto walletBuy or send ETH to wallets such as , MetaMask, Coinbase and Trust Wallet.
Then you can connect your wallet and then buy Larva Institute website Or use your wallet to sign up for Marketplace and make purchases. Note that punks purchased on the marketplace are wrapped as ERC-721 standard tokens, not custom punks. However, ERC-721 can be reverted back to the original custom contract.
Before buying CryptoPunks, it is essential to pay attention to the Punks background color. Each color reflects Punks market conditions.
Before buying a punk, be sure to check its attributes. This reveals its rarity and suggests potential investment opportunities.the most expensive punk #5822was sold at $23.7 million on February 12, 2022and as of August 25, 2022, the highest bid – $234,877 – #5526.
Overall, CryptoPunks has generated $1.51 billion in sales, and Larva Labs has no royalties on secondary sales made by investors.
Unknown to many NFT enthusiasts, CryptoPunks is Custom contract NFTthey did not adopt ERC-721 or ERC-1155 standard tokens. However, if you want to sell Punk on the NFT Marketplace, you can wrap Punk into his ERC-721 token. ERC-721 was introduced in 2017, but CryptoPunks inspired Dapper Labs to introduce his ERC-721 and ERC-1155 in 2019.
CryptoPunks is the OG of NFTs on the Ethereum blockchain. However, in March 2022, BAYC owner Yuga Labs acquired Larva Labs. Shortly after the acquisition, CryptoPunks surged from his 55 ETH to 70 ETH.
want more? Connect with NFT Plaza
Join our weekly newsletter
Join Discord
follow me on twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Technical writer with a passion for blockchain and all things decentralized world.
