Comprehensive Crypto Encyclopedia: Explore the World of Cryptocurrency!NFT Guide

What are CryptoPunks ?

Newton & KeplerFebruary 8, 2023

1 minute read

CryptoPunks are one of the earliest and most famous collections of non-fungible tokens (NFTs). Created in 2017 by software developers and artists, Matt Hall and John Watkinson, CryptoPunks are a set of 10,000 unique digital characters, each with its own distinct attributes, personality, and backstory. They are considered one of the most valuable NFT collections in existence, with several of the characters selling for millions of dollars.

History of the CryptoPunks NFT collection

CryptoPunks were created in June 2017, long before the NFT craze of 2021. They were among the first NFTs to be created on the Ethereum blockchain and they immediately gained a cult following. With their whimsical characters, quirky personalities, and limited availability, the CryptoPunks quickly became some of the most sought-after NFTs on the market.

Examples of CryptoPunks — Source : CryptoPunks Official Website

Where were CryptoPunks NFT sold ?

CryptoPunks were originally sold on the Ethereum blockchain as ERC-721 tokens. They were initially sold for small amounts of Ethereum, with prices ranging from just a few cents to a few dollars. Since then, they have been sold on various marketplaces and auction platforms, including OpenSea, Rarible, and Christie’s.

Record prices and famous owners

Over the years, the NFTs have sold for astronomical prices, with several characters fetching millions of dollars at auction. In 2021, a CryptoPunk sold for $69 million, making it one of the most expensive NFTs ever sold. Notable owners of CryptoPunks include Ethereum co-founder Vitalik Buterin, Mark Cuban, and Snoop Dogg.

How many CryptoPunks NFTs were created ?

There are 10,000 unique CryptoPunks in existence, each with its own set of attributes, backstory, and personality. Of these 10,000 characters, only a handful have sold for millions of dollars, making them some of the most valuable NFTs on the market.

CryptoPunks Collection — Source : CryptoPunks Official Website

CryptoPunks are a true testament to the value and potential of NFTs. From their humble beginnings as a side project in 2017, they have grown into one of the most sought-after and valuable NFT collections in existence. Their unique attributes, backstory, and limited availability have made them one of the most sought-after NFTs on the market, and they continue to be a hot commodity in the NFT world. Whether you’re an NFT collector, an investor, or just someone who appreciates digital art, CryptoPunks are a must-have for anyone interested in the world of NFTs.

Discover more on their official website.