How to Buy Cryptopunks
Frequently Asked Questions
At the time of this writing, the lowest current price for an available punk is 99 ETH (according to the Larva Labs website). Many have been sold for millions of dollars. The most expensive Cryptopunk was $11.7 million (USD), sold in a Sotheby’s auction in June 2021. A group of 9 were sold in a Christie’s auction for $16.9 million USD in May 2021.
Cryptopunks were generated by Larva Labs, a studio based in New York City. Each was randomly generated from a list of attributes, such as race, gender, whether or not they wear a beanie, etc. 9,000 were released to the public for free in 2017. The company held on to the rest.
Cryptopunks are rare non-fungible tokens available on the Ethereum blockchain. Inspired by the ERC-721 standard, these assets are collector’s items and are highly sought-after by serious NFT investors.
Only 10,000 official Cryptopunks are in existence and no more can be made. Each is tracked on the Ethereum blockchain and is completely unalterable. This rarity is what makes each of the assets so valuable.
Cryptopunks are valuable because they were one of the first NFT projects. Only 10,000 were released and each one is completely unique. Only 9 alien punks were generated and, as the rarest, they usually are valued higher. Zombies and apes are also highly sought after.
Luci is a novelist and active blogger. She loves learning new things and tackling new and interesting industries. Her inquisitive nature makes her the perfect writer and researcher.
While she’s relatively new to the NFT space (as most people are) she’s loved diving in and providing great resources for beginners and intermediate traders.