In recent days, CryptoPunks NFTs have surpassed the value of the Bored Ape Yacht Club (BAYC) collection. This is a really big achievement, bringing the floor price of CryptoPunks to 60 ETH, while Bored Ape NFTs fall below 60 ETH. 
What are CryptoPunks NFTs?
CryptoPunks are the unique 24×24 pixel, 8-bit style avatars which are effectively tokenized images. They are considered a work of art and a new form of asset tokenization that is very valuable in the NFT market, sometimes selling for millions of dollars.
There are 10,000 of these pixelated, punk-looking images depicting male and female characters, as well as those imitating zombies, monkeys, and aliens. Each punk is unique and is sold either by individual owners, i.e., on the secondary market, or at prestigious auction houses, such as Christie’s and Sotheby’s. 
The non-fungible tokens in the CryptoPunks collection were created by mobile software company Larva Labs, which produces apps for iOS and Android devices. Released in

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