CryptoPunks

CryptoPunks was released in June 2017 as the first non-fungible token (NFT) on the Ethereum blockchain. The project was developed by American studio Larva Labs, a two-person team consisting of Matt Hall and John Watkinson. The crypto art blockchain project was an inspiration for the ERC-721 standard for NFTs and the modern crypto art movement.[1]

CryptoPunks
Developer(s)Larva Labs
Release2017
Genre(s)Collectable

Background

There are only 10,000 unique CryptoPunks, which are made digitally scarce through the use of blockchain technology. Each one was algorithmically generated through computer code and thus no two characters are exactly alike, but some traits are more rare than others. They were originally released for free and could be claimed by anyone with an Ethereum wallet. There will never be more than the original 10,000 CryptoPunks.[2]

Types and attributes

Beyond their historical significance, the collectible appeal of CryptoPunks is enhanced by the rarities of certain traits and types of characters. Most of the 10,000 total punks are humans, but there are also three special types: Zombie (88), Ape (24) and Alien (9).[3][4]

References
  1. "This ethereum-based project could change how we think about digital art". Mashable. 2019-04-16. Retrieved 2021-01-08.
  2. "Will Cryptocurrencies Be the Art Market's Next Big Thing?". The New York Times. 2019-04-16. Retrieved 2021-01-08.
  3. Cornish, Chloe (June 6, 2018). "CryptoKitties, CryptoPunks and the birth of a cottage industry". www.ft.com.
  4. "How blockchain technology could revolutionize the art market". PBS NewsHour. September 11, 2019.
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