NFT CryptoPunks, one of the first blockchain projects created in 2017, gave a boost to the collection of digital assets. CryptoPunks is an original collection of 10,000 digital pictures. The collection consists of images of representatives of the punk movement of the 1970s.

Create a collection

 

The creators of the whimsical characters are John Watkinson and Matt Hall, the founders of the American studio Larva Labs. Most of the characters are created by a special generator, which is also Matt and John’s own design.

However, the project was initially experimental – a combination of art and NFT was considered. In addition, the creators themselves recognize the controversial issue of the value of CryptoPunks, considering them mainly a product of digital art. Therefore, at that time, NFT characters were given away for free. It was only necessary to pay GAS on the Ethereum blockchain network.

Most of the characters are men and women. There are also zombies, monkeys and aliens. The latter are among the rare and expensive. In addition, the creators added attributes to some heroes, such as glasses, earrings, caps, hairstyles, even different hair colors. One image can have up to 7 attributes.

Collection value

Each picture is unique in itself. However, it is believed that the more unique attributes a character has, the more valuable and expensive the NFT is. Although sometimes it depends on the personal preferences of the owner of the picture. Sometimes the price of a certain NFT can go up for unknown reasons. After all, any asset can have such a value in the market that the buyer is willing to pay for it. CryptoPunks NFT prices are now reaching millions of dollars.

Interest in the collection instantly increased after the publication of an article that this project could radically change the view of digital art. A couple of hours later, the entire collection was sold out (except for 1000 NFTs, which the creators kept for themselves).

Until today, CryptoPunks NFTs have attracted wealthy collectors and wealthy buyers. For example, Visa announced the purchase of one of the pictures in the collection for $150,000.

At the moment, the entire collection of CryptoPunks is sold out. However, you can buy NFTs from resellers. The original CryptoPunks NFTs (in the form of ERC-20 tokens) can be purchased on the developers’ own marketplace.

Also on the well-known trading platform for OpenSea NFT tokens, CryptoPunks are sold in the form of ERC-721 tokens. With the help of Wrapped PUNKS and the MetaMask wallet, they can be transformed into their original form.

CryptoPunks NFTs are ERC-721 tokens operating on the Ethereum blockchain network. Therefore, to store an expensive asset, you will need a reliable Ethereum wallet.

Conclusion

 

So, CryptoPunks was one of the first to successfully combine art and digital technology, creating digital art. Today, CryptoPunks have become a high-value collectible and investment opportunity. A large active community has formed around CryptoPunks