CryptoPunks, one of the first non-fungible tokens (NFTs) on the Ethereum blockchain, has reached a significant milestone as it celebrates its sixth anniversary.
Since its launch in June 2017, CryptoPunks has taken the world by storm with its 10,000 digital holdings, leaving an indelible mark on the NFT world as the largest NFT pool by market cap.
According to data compiled by blockchain analytics firm Nansen, CryptoPunks currently has an estimated market capitalization of over 806,801 ETH, worth over $1.53 billion.
flight so far
in Tweet topicNansen explained that CryptoPunks had a “humble start” on June 23, 2017, when just 287 wallets got digital collectibles for free once they were released. Canadian software developers Matt Hall and John Watkinson made up the two-man team from the Larva Labs studio that launched the suite.
By the end of the launch date, CryptoPunks had 291 unique wallets after early claimants sold some of the assets. A week later, the NFTs reached an average price of 0.5 ETH with a volume of 124 ETH. Ether was worth $300 at the time.
Nearly a year later, in April 2018, fewer than 500 unique wallets were held by CryptoPunks, and by November 2020 the number had risen to 1,000. The growth can be linked to the appearance of wraparound punks in September 2020.
Twisted bads are ERC-721 NFTs, backed by original ERC-20 bads, and can be traded on marketplaces like OpenSea and Rarible. To date, 770 punks are still encapsulated, and Contract is the largest holder of punk, followed by NFT subsidiary Yuga Labs with 422 punks.
Most Expensive CryptoPunk Transaction
In 2021, the value of CryptoPunks is rising rapidly along with the number of new collectors. While wallets containing at least one coin reached 3693, the prices of collectibles increased, especially those with rare attributes such as exotic and monkey.
By February 18, 2021, CryptoPunks weekly volume reached 24,969 ETH ($48 million). On the same date, punk #4156 sold for 650 ETH ($1.25 million), marking the first time a collectible has sold for more than $1 million.
CryptoPunk’s most unusual transaction occurred a year later when punk #5822 was sold for 8,000 ETH ($23.7 million), making it the most expensive transaction to date.
Yuga Labs to publish the CryptoPunks book
In celebration of its sixth anniversary, Yuga Labs, owner of CryptoPunks partners With The Zak Group to publish the official documentation of the NFT collection in a first-of-its-kind book.
The catalog will bring to life the untold stories of the group, detailing each punk rock, pixel by pixel.
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