NFTs have gained rapid momentum and recognition in 2021. And it’s no wonder when experts say that NFTs will be all the rage in 2022 and the future.
Although NFTs have been around for the past few years, they came into the limelight recently. And one of the NFT projects that caught the attention of investors is CryptoPunks.
But what is CryptoPunks? Who created them? And where can you buy them?
In this blog, we will answer all these questions in a quick, brief, and comprehensible way. So, let’s get started!
CryptoPunks: What are they?
You can call CryptoPunks the pioneer of the crypto art world. These tiny 8- bit style pixelated punks are collectible pieces of crypto art. There are 10,000 punks with unique features and characteristics. These punks are represented on the Ethereum blockchain.
CryptoPunks is one of the first NFT projects and is now the most popular NFT in the market. Some of the punks are worth millions of dollars. So, if you have a crypto punk, you can sell it for millions and probably make a living out of it.
CryptoPunks: Who created them?
Larva Labs, a New York based company created CryptoPunks. The company started working on this project in 2017. The main reason behind creating CryptoPunks was to experiment with the very nascent NFT market at the time. However, the project was able to give rise to crypto art as we know it today.
NFTs are a type of cryptocurrency making CryptoPunks cryptocurrency too. But they are different from your regular crypto coins. Amongst the 10,000 CryptoPunks, we have a mix of male and female punks along with aliens, apes, and zombies. Each punk is highly unique with different attributes.
Initially, when the company started offering CryptoPunks, they did it for free. All you need to do was pay the transaction fees for the Ethereum blockchain. However, over the years the popularity has increased and now each punk is worth thousands.
Hence, if you already own a punk, you can now sell it for millions and make all your dreams come true. Currently, CryptoPunk #3100 and #7804 are the two most popular and highest selling crypto punks with $7.58 million and $7.57 million respectively.
CryptoPunks are just after the most expensive NFT, Beeple’s EVERYDAYS: THE FIRST 5000 DAYS.
CryptoPunks: Where can I buy?
You can buy CryptoPunks on the exclusive platform created by Larva Labs. They have a special marketplace on the CryptoPunks website. You buy, bid, or sell punks on this marketplace.
OpenSea, a leading Ethereum NFT marketplace, also offers CryptoPunks. However, they are a little different. These punks have been wrapped in ERC-721 tokens. This makes it easy to sell on the NFT marketplace. You can easily wrap and unwrap a CryptoPunk using Wrapped PUNKS.
Although CryptoPunks now have a tough competition with other types of NFTs, they are the pioneers of the NFT world and crypto art as we know them today. They are still highly popular, expensive, and hold the potential to turn the NFT marketplace. So, if you get your hands on one such punk, make sure to buy it.
For more cryptocurrency insights, keep reading Coin Informer!