The market for crypto collectibles released as non-fungible tokens (NFTs) exploded in 2021, with $2.5 billion in transaction volume in the first six months as NFTs entered the mainstream.
The boom has also seen NFT enthusiasts rediscovering some of the earliest non-fungible tokens, propelling the value of these crypto collectibles to hitherto-unknown highs.
One of these early NFT projects is CryptoPunks: a set of randomly generated pixel-based avatars. Some of the rarest, most desirable CryptoPunks have sold for millions of dollars. Seriously!
Here’s what you need to know about one of the most popular NFT collections around.
What are CryptoPunks?
Created by development studio Larva Labs, CryptoPunks are a series of 10,000 images tokenized as NFTs on the Ethereum blockchain. An NFT is effectively a deed of ownership to a digital item, and in this case, holding a CryptoPunks NFT means that you are the sole owner of a one-of-a-kind pixel avatar.
Non-Fungible Tokens (NFT): Beginner’s Gui
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