CryptoPunks is one of the earliest collections of NFTs on the Ethereum blockchain. Think of these 10,000 avatars as a collection of digital art characters. So what are cryptopunks used for and whether The most expensive CryptoPunk NFT ever sold? If you do not know yet, let's read the article below.
What are CryptoPunks used for?
CryptoPunk is an NFT project that displays special pixel glyphs. Check out the pictures below! CryptoPunk is a collection of 10,000 pixel images, each image showing a different personality, combination, and randomly created special unique character.
Who is the creator of CryptoPunk?
CryptoPunk was one of the first NFT projects on the Ethereum blockchain launched in 2017. This NFT project was developed by the American studio Larva Labs. Larva Labs is a company founded by Canadian software developers Matt Hall and John Watkinson.
Interestingly, the project was inspired by Punk London, a cyberpunk community that includes Neuromancer novel William Gibson, movie Blade Runner and music artist Daft Punk.
The most expensive CryptoPunk NFT ever sold?
Sports company shareholder and council member Shalom Meckenzie bought the most expensive CryptoPunk NFT at a Sotheby's auction for $11.8 million. Sales of this artwork have already surpassed the previous record of Alien CryptoPunk #7804, which sold for $7.7 million in March 2021.
In addition to these two masterpieces, credit card mogul Visa has also acquired CryptoPunk for a staggering $150,000. It didn't stop there. CryptoPunk returned its sales to a Chinese investor at $380,832 at the highest price.
So I hope now you will understand what are cryptopunks used for and the most expensive cryptopunk NFT ever sold. While all CryptoPunks are sold in large amounts of ETH, those with rarer properties may be more valuable. These properties, also known as traits, refer to the accessories and physical characteristics of CryptoPunks.
