CryptoPunks are among the most cherished and valuable NFTs on the market. Released by the Larva Labs studio in June 2017 for free, the 10,000 profile picture NFTs quickly became popular among the crypto crowd and virtually exploded in value over the years. Today, the lowest price for a Punk currently for sale is 66 ETH, approximately $258 000 at the moment of writing.
But are there really 10 000 Punks available to the market today?
5 Punks are lost for sure
According to a tweet thread by @punk9863, as many as 300 CryptoPunks may be lost forever; five of these are definitely known to be lost due to the owner’s mistakes. Indeed, there are only five known “burnt” Punks in existence. One “alien” Punk was burnt inadvertently by @ArtOnBlockchain, two Punks were sent to the token contract (a grave mistake, in effect burning the token) and two Punks were sent to a malformed address and thus burnt (an equally bad mistake).
The reason why we can assume the rest of the 300 CryptoPunks a
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