Jump to content

CryptoPunks

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Liance (talk | contribs) at 18:36, 26 January 2021. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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

CryptoPunks, developed by Matt Hall and John Watkinson, were released in June 2017 and are the first non-fungible token (NFT) on the Ethereum blockchain. The project was an inspiration for the ERC-721 standard for NFTs and the modern crypto art movement. [1]

Background

There are 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] In addition, there are a wide variety of attributes with varying degrees of rarity. CryptoPunks have sold for sums of over $16,000 USD, with the highest selling collectible selling for over $750,000 worth in Ethereum.[5][citation needed] The Punks are traded on the Larva Labs marketplace] using MetaMask or other cryptocurrency wallets as well as OTC by the collectors' community on Discord.[6]

Reception

The CryptoPunks story has been featured throughout the art world and in many publications; including Mashable, The New York Times, PBS Newshour, BreakerMag, The Financial Times, Christie's of London, and Art Basel.[7]

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.
  5. ^ "From CryptoPunks to Decentraland: The work of art in the age of blockchain revolution". International Business Times UK. January 18, 2018.
  6. ^ "How CryptoPunks' Creators Charmed the Art World and Paved the Way for Blockchain Art". Breaker Mag. 2019-01-23. Retrieved 2021-01-08.
  7. ^ "CryptoPunks". Larva Labs. 2020-01-01. Retrieved 2021-01-08.

Category:2017 video games Category:2010s toys Category:Ethereum Category:Blockchain games Category:Contexts for auctions

Retrieved from "https://en.wikipedia.org/w/index.php?title=CryptoPunks&oldid=1002938143"