What is CryptoPunks NFT collection?
CryptoPunks is a non-fungible token (NFT) collection on the Ethereum blockchain.this project launched by Larva Labs studio, on June 23 2017.
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This Cryptopunks designed by Matt Hall and John Watkinson. now acquired by Yuga Labs in 2022. In this collection of 10,000 unique 24×24 pixel art images that describe mostly Humans ( male 6039 and female 3840).However, several other unique types like zombies (88), apes (24), and aliens ( 9).
Each CryptoPunk is combination of 87 unique attributes.include things like hats, pipes, necklaces, earrings, eye patches, and more.Each Larva Labs Punk has its own personality, in details , total of 696 wear hot lipstick, and 303 have mutton chops. There are 286 Punks with 3-D glasses, 128 rosy-cheeked Punks, Also, 94 Punks with pigtails, 78 Punks with buck teeth and 44 beanie-wearing Punks.
Once minted, Hall and Watkinson offered the CryptoPunks for free.but now CryptoPunk is most expensive nft.you can buy on secondary sales also on their larva Labs website. And available on opensea marketplace.
Interesting Things About Crypto Punks
The CryptoPunks market is extremely active because of the collection over 7642 sales had been recorded in the previous 12 months.and Total Value of Lifetime Sales are 642.05 K ETH (💲1.95 Billion)🙄 and CryptoPunk #3100 was sold for 4.2 K ETH (💲7.58M) As of March 11 2021.CryptoPunk #7804 was sold for 4.2 K ETH (💲7.57M) As of March 11 2021.although Current Lowest Price Punk Available is 74.65 ETH ($88,820.81 USD) (as of July 10 2022)
currently only 1098 CryptoPunks are available to purchase on secondary sales(as of July 10 2022).crypto punk collection 's highest sales 8k ETH ($23.7Millions) regards to cryptopunk #5822 on February 12 2022 in secondary sales.( Fun fact ,on July 10 2017 this punk sold for 8 ETH ($1646).
The CryptoPunk is appearances include in CNBC, The Financial Times, Bloomberg, MarketWatch, The Paris Review, Salon, Christie's of London, Art|Basel, The PBS NewsHour , The New York Times in 2018 and again in 2021. As per news 9 rare CryptoPunks NFT bundle goes for $17 million in Christie’s auction.
on October 28 2021, someone trying to speculative NFT transaction for 124,45 Ether(💲532 million USD at the time of sales) regarding to CryptoPunk #9998 to buy with “Flash Loans”. In a nutshell, someone bought this punk from themself with borrowed money and repaid the loan in the same transaction.
CryptoPunks acquisition by Yuga Labs
Yuga Labs — the creator of Bored Ape Yacht Club — acquired both CryptoPunks and Meebits.Yuga Labs stated that they will transfer IP, commercial, and exclusive licensing rights to the individual NFT holders. CryptoPunks and Meebits owners to create artwork and products based on their NFTs the same way BAYC owners have.part of acquisition,Yuga Labs also received 423 CryptoPunks and 1711 Meebits.
The future of CryptoPunks
The CryptoPunk is one of the best blue chip Web3 Company in NFT space. After acquired by Yuga Labs a lot more development and potential of CryptoPunks are explosion.The NFT community of CryptoPunks are so many Big celebrities and venture capitalists , hedge fund.I believe that Just beginning of Web3 like a internet in 19's century.
Can you imagine that two founders are Matt Hall and John Watkinson was launched CryptoPunk at free of cost to claimed.after 5 years journey of CryptoPunks cheapest price of CryptoPunk is 76.93 ETH ($89,108 USD)
On August 18 2021 , NYSE blue chip company Visa Inc bought CryptoPunk #7610 for $150,000 USD. that a possibility of NFT space.so i strongly believe that digital asset is potential of make lot of money.
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