Crypto Punks Are Known As The Oldest, Most Popular And Most Expensive Non-Replaceable (NFT) Tokens On The Cryptocurrency Market. 

Cryptopunks, In this article, we will get acquainted with how cryptocurrencies came into being and the reasons for their popularity.

Cryptopunks of the first collectible artwork digital currencies are unique features in 2017 (1396) network-based Ethereum building; they

Crypto-punks may seem like ordinary pixel images at first glance, and it’s hard to believe that some of them are worth millions of dollars; But the fact is that these eight-bit punks are very important in the field of digital arts, and many people are willing to spend millions of dollars on adding them to their collection.

With the entry of cryptocurrencies into the digital currency market, the trading volume of this market in the first half of 2021 reached $ 2.5 billion.

With the expansion of the vast market for NFTs in 2021 (1400), the price of cryptocurrencies skyrocketed to become the most expensive non-replaceable tokens; So much so that some of them sold for more than a million dollars.

What is Cryptopunk?

Cryptocurrencies are digital pixel images, some of which are valued at millions of dollars. With the expansion of the NFT field in the Ethereum network, crypto art or digital artwork has entered a new phase, and now these NFTs have attracted the attention of many people.

Series of video NFT- 24 24 pixel block China  Ethereum are. Having NFT of each of these unique pixel avatars means owning them completely.

The Origin of Cryptopunks

Cryptopunks is a combination of the two words Crypto prefix meaning cryptocurrency and punk, a cultural style, and are the first project in NFTs. Cryptopunks in 2017 (1396), the studio called larvae Labs  (Larva Labs) aims to combine art with NFT, came into existence.

Hi, we’re Matt and John.

Larva Labs is a software development and development company founded in 2005 by Matt Hall and John Watkinson.

At the project’s inception, the ERC-721 standard was not recognized, and the two-member cryptocurrency development team released them on a trial basis in the ECR-20 standard. At that time, only Ethereum network transaction fees were enough to receive cryptocurrencies.

Finally, the Larva Labs team innovatively modified the ERC-20 code to produce non-replaceable tokens (NFTs) and was inspired to develop the ERC-721 standard.

Due to the free nature of these punks and the creation of this project on the Ethereum network, after introducing cryptocurrencies, those who had Walt  Ethereum stole 9,000 of these cryptocurrencies, and Larva Labels was able to preserve only the remaining 1,000.

As the NFT market gradually warmed up, the demand for cryptocurrencies increased sharply, and its market value reached a high level.

This increase in demand led to the sale of cryptocurrencies worth several million dollars; So much so that today their NFT is auctioned off at Christie’s auction house at exorbitant prices. Cryptocurrencies became so popular that Twitter users used them as their profile pictures.

The difference between cryptocurrencies and their value

These punks are randomly generated from dozens of avatars with different traits and designs from humans, zombies, monkeys, and aliens.

Classification of crypto punks

• 3840 Punk Woman
• 6039 Punk died
• 88 Punk Zombies
• 24 Punk Monkeys
• 9 Punk alien creatures

In addition to the differences in avatars, these pixel images have various other features:

Having hair, different models and colors (68 punks of orange hair color, 95 punks of pink hair color with black hat and 94 punks of braided hair), having different beards and models, glasses, hats, cigarettes or pipes, model Beard, frown or smile, mask and are the things that distinguish these punks from each other.

A complete list of cryptocurrency images and their specifications is available in the Cryptopunk section of the Larva Labs website. By clicking on each one, you can see all its features and prices. You can see the steps of viewing the specifications of each punk in the following pictures:

First, zoom in on the punk you want.

Select the punk you want.

Click on its number to see the details of the selected punk.

Punk No. 4946 is a picture of a woman (out of 3840 other women) with sunglasses (502 punks have these glasses) who have tangled hair (the other 447 punk hairstyle is the same model).

Reasons Why Cryptopunks Are Valuable

One of the questions that arise is why do some people spend millions of dollars on them? A simpler answer to this question can be summed up in one phrase: collecting.

The fact is that you can find the most expensive cryptocurrency image available and download and print it in the highest quality, But you will still not be the real owner; Only the name of the person who pays to buy it will be registered in the Ethereum network as the owner, and no one can take the property from him.

As of September 1, 2021 (September 1400), cryptocurrencies alone accounted for more than $ 1.18 billion of total digital currency transactions.

Due to their high demand and limited number, the price of each cryptocurrency varies depending on the differences in its characteristics. The more special the cryptocurrency, the higher the price: zombies and aliens are the most popular and expensive avatars in the collection. Cryptocurrencies are one of the oldest and oldest NFT projects. This is one of the biggest drivers of demand for their purchase; On the other hand, people in the field of art or those who want to collect special supplies are also known as the target community of cryptocurrencies.

Buy Cryptopunks

Cryptocurrencies can only be purchased through the Larva Labs website and require an ethereum wallet, such as Metamsk. By charging this wallet and connecting it to this market, you can price, buy or sell different punks.

On the Larva Labs website, it is possible to sort cryptocurrencies by dollar price or ether value.

The background color of the punks on this website each has a different meaning. For example, punks with a blue background color cannot be traded; Punks with a red background have been put up for sale, and no purchase order has been posted yet.

The future of crypto punks

The price of NFT cryptocurrencies, like other digital currencies, does not change with market fluctuations; Cryptocurrencies are works of art, and their price is determined depending on the demand of individuals to add these works to their collection.

The future that can imagine for cryptocurrencies is to be hand in hand between collectors and depending on the pricing of each person, and it may have a different selling or buying price.

It is not possible to say with certainty what fate awaits the cryptocurrency market; But given their rising prices, it is likely that sales will continue.

Undoubtedly, collectors or people interested in collecting works of art and rare goods will continue to buy cryptocurrencies. Still, these NFTs are not suitable for investment, and their price increase can not count on at all.

One of the attractive features of cryptocurrencies is that they are old and have a limited supply; For this reason, it seems unlikely that Larva Labels will release more of them in the future; But due to the high popularity of the company’s punks, Larva Labs has announced the start of another project called Meetbits 2021.

Meet its 2021 is a collection of twenty thousand three-dimensional avatars called Voxel, similar to cryptocurrencies.

What is your favorite cryptocurrency? What do you think about cryptocurrencies, pricing, and futures?