Decoding CryptoPunks

by Pranay Singh Bayas

As non-fungible tokens (NFTs) reached the spotlight in 2021, the market for crypto collectibles skyrocketed, with $2.5 billion in transaction volume in the first six months. NFT aficionados have also discovered some of the first non-fungible tokens as a result of the surge. NFTs are transforming the art world, and CryptoPunks is one such initiative. Let us get in depth with the hype behind it.

What are CryptoPunks?

Origin of the Punks

Get to know your Punks

The rarity of various features and varieties of characters adds to CryptoPunks’ collectible appeal. Every CryptoPunks have distinct attributes. Cigarette, Nerd Glasses, Eye Patch, Beanie, Gold Chain, and various other additional attributes are just a few examples. These are also responsible for making CryptoPunks unique and, as a result, raising the price. A punk can have a maximum of seven attributes and can also have no attributes, making it rare and expensive.

How to buy your first CryptoPunks?

  1. To buy a punk, you need Ether. Make sure you only buy Ether from reputable and well-known crypto exchanges.
  2. After you’ve completed steps 1 and 2, go to Larva Labs’ official website to purchase, sell, and bid on CryptoPunks. All of the listed Punks are shown on the site in order of price, from low to high.

Marketplace

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