Juliet BWell, we had to talk about it. Absolutely.
Are you also wondering what a "crypto punk" is? Well, you are not alone, rest assured.
Crypto-punk is actually several things at once. On the one hand, it is a non-fungible token (an NFT) from the famous CryptoPunks collection.
Here is the official definition found on the page of the organization behind it, namely Larva Labs.
CryptoPunks is 10 unique collectible characters with proof of ownership stored on the blockchain Ethereum. This is the project that inspired the modern CryptoArt movement. The first “non-fungible token” and an inspiration for the Ethereum ERC-721 standard that powers most digital art and collectibles.
A cryptoPunk is therefore a digital work of 24×24 pixels that are automatically generated by an algorithm. A digital work of art that we now call “crypto art”.
In fact, the CryptoPunk collection represents, as you can see, human beings who have the punk look. Each punk is unique and has its own particularities. On each punk's profile, you can see their entire sales history and see who owns it. We are on the blockchain after all and everything is recorded as you know.
There are rare cases like animals and aliens. The latter also sell for more…
On Saturday, January 23, it caused quite a stir because a cryptoPunk was sold for 605 ETH (or approximately $750) upon purchase. An Alien punk…
Yes, yes, you read correctly and I didn't add too many zeros. A digital work called CryptoPunk was sold for more than $700.
It was a punk Alien which was sold at this price and it was the FlamingoDAO organization which became the happy owner. This is an organization specializing in the investment of blockchain projects in art. For them, it is not only an investment in a rare and unique digital work at first. But, it is also a way of showing that it is also indirectly the future of intellectual property...
This makes you think…
The paintings of the great masters will soon blush... We could very well in the future acquire precisely a Picasso via an NFT. The advantages are numerous and at least the falsifications would be zero…
If cryptoPunk are so well known in the cryptosphere, it is because, in fact, they are considered the pioneers in the field.
Behind Larva Labs, there are two people named Matt who designed the CryptoPunk into a total collection that has allowed them to generate the equivalent of 26 million dollars since creation.
Cryptopunks were the precursors of a real phenomenon. We can see this with the multiplication of record sales of digital works as was the case for example with NyanCat. NFTs are becoming the new trend after Yield Farming DeFi protocols for example.
So as precursors, crypto punks will certainly maintain significant popularity.
How to buy and sell CryptoPunk?
The system put in place is rather well done, technically speaking.
There are some of the 10 crypto punks that are put up for sale and others that are put up for auction.
In fact, to have a simpler and more understandable vision, the colors of the backgrounds have a meaning:
- Red background: for sale
- purple color: auctions
- blue color: sold
How to buy :
Here is the simplest solution (there is another solution for advanced users that you can consult on the site, here)
- Download and install the wallet Dappradar. If you don't know how to do it, we have a Metamask tutorial.
- You will need to buy ETH if this is not the case. You can buy them everywhere like on Binance for example or directly on Coinbase via the MetaMask plugin.
- Once you have the wallet, when you go to the LarvaLabs website, you will be asked to log in directly. .
- All you have to do is click on a Punk crypto that interests you and you will see the “buy” or “bid” buttons.
There you go, now you know what a CryptoPunk is or at least you know the basics.
Also, I would like to end on the fact that we also talk about cryptoPunk to talk about a general movement which would represent a sort of new generation of entrepreneurs. The latter would put individual freedom and decentralization as the engine of a more just and progressive humanity.
If the subject interests you, you can also read the manifesto of the cryptopunks declared here.
To buy cryptocurrencies (simple way):
- Public chat Bitpanda (Simple and accessible platform)
- Public chat Coinbase (Earn €10 by buying 100 euros of cryptos)
- Public chat Binance (Complete crypto trading platform)
To generate interest on your cryptocurrencies:
To secure your cryptocurrencies:
To have fun and play
- The best for Esport and sports betting: CloudBet
