CryptoPunks
| CryptoPunks | ||
|---|---|---|
Designer(s) John Watkinson & Matt Hall | | |
| Platform(s) | Ethereum | |
| Release | June 2017 | |
| Genre(s) | Collectable | |
CryptoPunks is a
CryptoPunks are commonly credited with starting the
On March 11, 2022 it was announced that all of the CryptoPunks IP was acquired by Yuga Labs (parent company and creators of the
Concept
There are 10,000 unique CryptoPunks (6,039 male and 3,840 female[clarification needed]). 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.[10]
Most of the 10,000 CryptoPunks represent humans, but there are also three special types: Zombie (88), Ape (24), and Alien (9).[11][12]
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
Sotheby's 104 CryptoPunks auction
In early 2022, a Sotheby's auction for a single lot of 104 CryptoPunks was announced.[15] 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.[16]
See also
References
- ^ Larva Labs
- ^ "10 things to know about CryptoPunks, the original NFTS | Christie's".
- ^ "Will Cryptocurrencies Be the Art Market's Next Big Thing?". The New York Times. 2019-04-16. Archived from the original on 2020-12-15. Retrieved 2021-01-08.
- ^ "CryptoPunks | Fortune NFTy 50". Fortune. Retrieved 2021-08-05.
- ^ Locke, Taylor (10 June 2021). "'Covid Alien' CryptoPunk NFT sells for over $11.7 million to billionaire buyer in Sotheby's auction". CNBC. Retrieved 9 December 2022.
- ^ Milmo, Dan (3 March 2022). "Ukraine to issue non-fungible tokens to fund armed forces". The Guardian.
- ^ "Bored Ape Yacht Club creator buys CryptoPunks and Meebits". TheVerge. 11 March 2022.
- ^ "Yuga Labs Statement About CryptoPunks Commercial Rights". Twitter.
- ^ "CryptoPunks". CryptoPunks.app.
- ^ Abbruzzese, Jason (2017-06-16). "This ethereum-based project could change how we think about digital art". Mashable. Retrieved 2021-10-13.
- ^ Cornish, Chloe (June 6, 2018). "CryptoKitties, CryptoPunks and the birth of a cottage industry". Financial Times. Archived from the original on January 21, 2021. Retrieved January 26, 2021.
- ^ "How blockchain technology could revolutionize the art market". PBS NewsHour. September 11, 2019. Archived from the original on January 26, 2021. Retrieved January 26, 2021.
- ^ Islam, Foyjul (29 October 2021). "A CryptoPunks NFT sells for an eye-popping $532 million - but the purchase isn't all it seems". Business Insider. Archived from the original on 2021-10-29.
- ^ "CryptoPunks: Details for Punk #9998". LarvaLabs.
- ^ Block, Fang (8 February 2022). "Single Lot of 104 CryptoPunks Could Net More Than $20 Million". Barron's. Retrieved 23 March 2022.
- ^ Schultz, Abby (23 February 2022). "Sotheby's Withdraws Sale of 104 CryptoPunks at Seller's Request". Barron's. Retrieved 23 March 2022.