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