The CryptoPunks has a price floor of 66.58 ETH and a 24-hour trading volume of 467.57 with 3 sales. The price floor of CryptoPunks has dropped by 0.03% in the last 24 hours.
The 7D average sale price for the NFT project is 103.74 ETH, its 7D highest sale price is 333.00 ETH and the 7D lowest sale price is 65.94 ETH. CryptoPunks has a floor cap of 665,800 ETH and it is ranked #2 in the NFT price floor. The project has a listed ratio of 10.6% and a maximum supply of 10,000.
What are CryptoPunks?
CryptoPunks is a collection of 10,000 unique collectible characters that run on the Ethereum blockchain. CryptoPunks are considered the inventors of the profile picture (PFP) as a collectible digital item.
No two characters in the collection are exactly alike and each character can only be officially owned by one person on the Ethereum blockchain.
Originally, the characters could be claimed by any person who owned an Ethereum wallet, and all the 10,000 CryptoPunks were claimed quickly. Now, the CryptoPunks must be bought from someone on NFT marketplaces that run on the Ethereum blockchain. The NFT marketplaces provide you with a platform to bid on, buy, and list punks for sale.
The pieces of the NFT collection are in the form of avatars or PFPs and they are suitable for use as profile pictures on social media platforms, in the Metaverse, or the future. The fact that the CryptoPunks NFT collection introduced the PFP concept gives them an artistic dimension not found in other PFP projects that emerged later, including Azuki, Cool Cats, and even the successful Bored Ape Yacht Club.
CryptoPunks share the rest of the features with other PFP projects. For example, the punks have a limited supply of 10,000, there are no similar avatars, the collection uses attributes to create various levels of rarity, and the use of NFT technology as proof of ownership on the blockchain.
The CryptoPunks Story
The CryptoPunks were created by Larva Labs, a software company based in New York founded by two former Google employees, John Watkinson and Matt Hall in 2017. Their original goal was to develop video games or mobile applications, but they decided to build software as their first project. This software was later used to generate the characters that would later make up a collection that comprise the CryptoPunks NFT.
The CryptoPunks became popular in early 2018, during the aftermath of the Cryptocurrency boom of 2017. Since then, CryptoPunks has been mentioned constantly by main world headlines such as Bloomberg, The Financial Times, and CNBC.
The CryptoPunks collection has played a significant role in catalyzing the NFT fever that started in late 2020 and ended in early 2021. This later led to the emergence of generative art and the boom in art blocks. CryptoPunks and other Art Block collections have participated in the top art fairs in the world such as Art|Basel. Thus, the CryptoPunks NFT collection has great potential.