3 mins readIntroducing Cryptopunks, the project that initiated the modern CryptoArt movement boasts 10,000 unique collectible characters with Ethereum blockchain-powered proof of ownership.
This Non-Fungible Token is a trendsetter in its own right: it has been featured by renowned media outlets such as Mashable, CNBC, The Financial Times, and Bloomberg; popular art exhibitions like Art|Basel (Switzerland), Christie's London; and even graced TV screens on PBS NewsHour and The New York Times - twice! Spawning from this revolutionary concept was the ERC721 standard which powers numerous digital artworks & web tools today.
CryptoPunk #9998 bought for 124~ ETH
Overview of CryptoPunks collection
CryptoPunks was created by Larva Labs in 2017 as an experiment in digital collectibles. Each of the 10,000 characters was randomly generated and assigned an alphanumeric code on the Ethereum blockchain. The characters vary from humans with futuristic hairstyles to aliens with brightly colored skin and eyes, making each one unique and desirable for collectors.
In addition to the physical characteristics, each CryptoPunk also has its own distinct personality and attitude. Some characters are bold and confident, while others are shy and introspective. Collectors can find a character that reflects their own style or interests, making them perfect for those looking for something special in the crypto world.
Why Are CryptoPunks So Expensive?
CryptoPunks NFTs are becoming increasingly popular and valuable investments. The limited supply, unique attributes, and virtual scarcity of each character make them highly sought after. In addition, their rarity has increased in value due to the increasing demand for digital collectibles and art.
The most expensive CryptoPunk was sold in 2022 for $23,7M. This illustrates the potential value of these digital collectibles, as well as their potential to become a valuable asset for investors.
Investing in CryptoPunks
Cryptopunks are becoming increasingly popular with collectors and investors alike. The unique characteristics of each character make them desirable, and the possibility for a large return on investment makes them even more attractive.
London, UK. July 5th - July 18th, 2021.
CryptoPunks provide investors with a unique opportunity to diversify their portfolios and add something special to their collection. With careful research, savvy investors can make well-informed decisions regarding these digital assets and potentially benefit from an incredible return on investment
Who are the founders of Larva Labs?
The CryptoPunks project was created by Larva Labs, a San Francisco-based art and technology studio. Founded by Matt Hall and John Watkinson, Larva Labs has been producing digital art for over 10 years.
In 2017, the duo decided to create something new in the world of blockchain-based digital collectibles and released the world’s first series of digitally scarce characters: CryptoPunks.
The project was an instant success, as people quickly realized how rare and valuable these characters could be. From then on, Larva Labs continues to innovate and create new projects in the digital art space. Their latest venture, CryptoPunks World, allows collectors to explore and interact with the world of CryptoPunks through a virtual reality platform.
The success of CryptoPunks has made Matt Hall and John Watkinson two of the most recognizable faces in the digital art world. They have become icons for blockchain-based projects and are continuing to innovate in this growing field.
