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      CryptoPunks is a non-fungible token (NFT) collection on the Ethereum blockchain. The project was launched in June 2017 by the Larva Labs studio, a two-person team consisting of Canadian software developers Matt Hall and John Watkinson. The experimental project was inspired by the London punk scenes, the cyberpunk movement, and electronic music artists Daft Punk. The crypto art blockchain project was an inspiration for the ERC-721 standard for NFTs and the modern crypto art movement, which has since become a part of the cryptocurrency and decentralized finance ecosystems on multiple blockchains.
      CryptoPunks are commonly credited with starting the NFT craze of 2021, along with other early projects including CryptoKitties, Bored Ape Yacht Club, and the sale of Beeple's Everydays: The First 5000 Days. There are 10,000 CryptoPunk tokens total. On March 2, 2022, an anonymous user donated CryptoPunk #5364 to Ukraine's government Ethereum wallet public address to help fund the Ukrainian government against the Russian invasion of Ukraine.
      On March 11, 2022 it was announced that all of the CryptoPunks IP was acquired by Yuga Labs (parent company and creators of the Bored Ape Yacht Club project) for an undisclosed sum. Immediately, Yuga Labs announced they were giving full commercial rights to CryptoPunks owners. On 7th May 2022 the transfer was completed, and the whole CryptoPunks marketplace was moved to the new Yuga Labs owned website.


      Concept


      There are 10,000 unique CryptoPunks (6,039 male and 3,840 female). Each one was algorithmically generated through computer code and thus no two characters are exactly alike, with some traits being rarer than others. They were originally released for free and could be claimed by anyone with an Ethereum wallet by paying only "gas fees", which were low at the time.
      Most of the 10,000 CryptoPunks represent humans, but there are also three special types: Zombie (88), Ape (24), and Alien (9).


      Controversies




      = Flash loan

      =
      In October 2021, a single NFT transaction was made for 124,457 Ether (US$532 million at the time of the sale) regarding CryptoPunk #9998, much higher than all previous NFT sales, leading to speculation on social media that this could have been some kind of scam, a security exploit or money laundering. Larva Labs said that the purchase was made with a flash loan where the NFT's owner bought the item from themselves with borrowed money, taking out and repaying the loan within a single blockchain transaction, subsequently invalidating the sale from the asset's historic and from all the related statistics.


      = Sotheby's 104 CryptoPunks auction

      =
      In early 2022, a Sotheby's auction for a single lot of 104 CryptoPunks was announced. The auction took place on 23 February 2022, but its seller (0x650d) changed their mind 23 minutes after the auction began and decided to withdraw the auction to keep the whole lot.


      See also


      Rare Pepe
      EtherRock
      Bored Ape
      List of most expensive non-fungible tokens
      Ethereum


      References




      External links


      Official website

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    CryptoPunks gallery – TechCrunch

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    CryptoPunks - Collection | OpenSea

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    What Exactly Are CryptoPunks and Why Should You Care? | Bybit Learn

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    CryptoPunks - Larva Labs

    The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all …

    CryptoPunks

    The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all …

    On-chain Cryptopunks - Larva Labs

    Aug 18, 2021 · Today we are excited to announce that we've done just that, and the Cryptopunks are now fully on-chain! You can visit this contract on Etherscan and query directly for the Cryptopunk images as either a raw set of pixels or an SVG.

    Larva Labs

    The Cryptopunks. 10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. READ MORE

    Larva Labs Projects

    CryptoPunks. Unique, collectible tokens that live on the Ethereum blockchain. Meebits. 20,000 generated unique 3D characters with a no fee trading marketplace. Autoglyphs. Autoglyphs are the first on-chain generative art on the Ethereum blockchain. Github Data …

    Larva Labs Projects

    CryptoPunks. Unique, collectible tokens that live on the Ethereum blockchain. Meebits. 20,000 generated unique 3D characters with a no fee trading marketplace. Autoglyphs. Autoglyphs are the first on-chain generative art on the Ethereum blockchain. Projects; Writing;

    CryptoPunks Two Year Anniversary - Larva Labs

    Jun 21, 2019 · A look at the activity and trends over the first two years of the CryptoPunks. Tomorrow is the two-year anniversary of the CryptoPunks, and because everything is on the blockchain you can verify that date by looking at the contract creation date here .

    Yuga Labs Acquires CryptoPunks and Meebits - Larva Labs

    Mar 11, 2022 · Yuga Labs has acquired the IP of the CryptoPunks and Meebits, will transfer IP rights to individual token holders. When we created the CryptoPunks almost 5 years ago as an experiment in digital art, we didn’t quite realize the level of association people would come to have with their punks.

    A Physical Model for Digital Art Ownership — The CryptoPunks in …

    Feb 1, 2019 · The CryptoPunks are a distinctly digital work, comprising both the image of the characters and the blockchain mechanisms for ownership and auction. We weren’t sure how to show them in a physical gallery setting while preserving their …

    Cryptopunks 4 Year Anniversary - Larva Labs

    Jun 22, 2021 · Today is the Cryptopunks 4 year anniversary! Four years ago today we spent $8 in transaction fees to start a small, weird but cool experiment in digital ownership on the blockchain. And for the first three years of this experiment that’s what it was, really cool and interesting - …