A collection of Ethereum-based non-fungible tokens.
In 2021, CryptoPunks and NFT market as a whole experienced a massive surge in their values. Several NFTs were sold for $1 million each. The total transaction volume in the first six months of 2021 was $2.5 billion.
CryptoPunks remains one of the earliest NFTs – primarily a collection of pixelated avatars. It is currently the most sought-after NFT collection, with several NFTs being sold for millions of dollars.
Believe it or not, Larva Labs (the creator of CryptoPunks) released the collection for free – as an experiment. The two-person team behind CryptoPunks had no idea that this would go on to become the leading name in the NFT space. Back then, ERC-721, which is now a standard for NFTs, wasn’t even created. When Larva Labs released CryptoPunks, 9,000 of them were snatched by Ethereum wallet owners while others were held onto by Larva Labs.
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