CryptoPunk NFTs are Rare and Exclusive Character Collectibles
Josh Thompson-Persaud — May 17, 2021 — Business
CryptoPunk NFTs by Larva Labs is a collection of one-of-a-kind pixelated portraits of "punks" that are sold through the Ethereum blockchain. Each CryptoPunk has a set of unique physical characteristics that makes it stand out from its neighbors. The CryptoPunk NFTs are comprised of 10,000 of these retro-inspired 24 by 24-pixel collectible characters.
The value of specific CryptoPunks varies according to the rarity of their traits. Some traits, like the alien face, are extremely exclusive with only nine out of 10,000 in existence. By sorting by traits, consumers can find a CryptoPunk NFT that they identify with and bid on the collectible through the open market using the digital currency Ethereum. In the last year, there were just under 10,000 unique sales of CryptoPunks, indicating a profitable new market for artists, entrepreneurs, and digital collectors alike.
Image Credit: Mashable, CryptoPunks
The value of specific CryptoPunks varies according to the rarity of their traits. Some traits, like the alien face, are extremely exclusive with only nine out of 10,000 in existence. By sorting by traits, consumers can find a CryptoPunk NFT that they identify with and bid on the collectible through the open market using the digital currency Ethereum. In the last year, there were just under 10,000 unique sales of CryptoPunks, indicating a profitable new market for artists, entrepreneurs, and digital collectors alike.
Image Credit: Mashable, CryptoPunks
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