What is CryptoPunks?
CryptoPunks is an NFT powered by Ethereum. In fact, it is the first NFT to be issued on the Ethereum blockchain network and is the pioneer NFT that ushered in the modern CryptoArt movement.
There are 10,000 CryptoPunks in all and each crypto punk is a uniquely generated character. In the initial phases, these CryptoPunks were freely available to be claimed by anyone with an Ethereum wallet. At the time of writing the review, all CryptoPunks were claimed. Now they can only be purchased from some other user in the CryptoPunks NFT marketplace.
Who created CryptoPunks?
The CryptoPunks project is a project by the New York-based mobile software company, Larva Labs. The company was founded in 2005.
Early in May 2021, the company launched a new NFT project called Meebits.
What is an NFT?
NFT is an acronym for “Non-Fungible Tokens”. Something which is fungible is replaceable. For instance, one kilo of 24 karat gold is – at least in theory – replaceable with any other kilo of 24 karat gold. When something is non-fungible, it means that it is unique, and not replaceable with any other item out there.
Although NFTs are conceptually similar to cryptocurrencies, these digital assets might represent antiques & artworks, collectables like trading cards, and other items with unique features. These tokens are stored cryptographically in a blockchain network for authentication and validation. Even when transacting, each token is sold as a whole, unlike cryptocurrencies which are divisible into smaller units. NFTs lose their value when split into smaller portions, however, they can be duplicated by the artist and each additional copy can be sold separately (but the total number of duplicates will then always be known).
Is investing in CryptoPunks a good investment?
It is impossible to speculate about whether investing in CryptoPunks NFTs are a good investment or not. The best answer we can give you is to show a picture of the price development so far. But remember, the historic return on investment is under no circumstances a guarantee of the future return on investment.
The following picture shows the price development for CryptoPunks NFTs as of 8 March 2022. The picture is obtained from OpenSea.io.
As is evident from the above picture, as of 8 March 2022, the all-time average price is ETH 44.1141 and the all-time volume in the market of CryptoPunks NFT is 853,520.0628 ETH.
How many CryptoPunks NFTs are out there today?
There are 10,000 CryptoPunks in circulation and no new CryptoPunks can be created.
How expensive is the most expensive CryptoPunks ever sold?
Of all the CryptoPunks, the most expensive NFT ever sold was the “CryptoPunk #9998” priced at ETH 124,457.0675, as per OpenSea.io. Here’s a snapshot:
Where can I buy CryptoPunks NFTs?
There are numerous NFT marketplaces out there where you can buy NFTs. The biggest of them all is OpenSea.io. CryptoPunks can of course also be bought there.
To find all other NFT marketplaces where you can buy CryptoPunks, please visit or NFT Marketplace List (the largest, most updated and most comprehensive such list in the world).