An exciting opportunity for CryptoPunk non-fungible token (NFT) holders was revealed in an announcement on October 26. These NFT owners now have the chance to acquire physical prints of their beloved digital artworks. This collaboration brings together online art store Avant Arte and Yuga Labs, the owner of the CryptoPunks brand. The special sale window for this venture is limited to 48 hours, commencing on October 26 at 3:00 PM UTC and concluding on October 28 at 3:00 PM UTC.
Two distinct versions of the CryptoPunks physical collectible are being offered on Avant Arte. The first edition, known as "Punk-On-Chain," allows each owner of the on-chain Punk to commission a printed copy. However, verifying ownership is a prerequisite for obtaining the printed copy, meaning those without the on-chain version cannot purchase its physical counterpart.
The second collection is aptly named "10,000 On-Chain," offering a printed compilation of all 10,000 CryptoPunks, and this edition is open to all collectors. Even if individuals do not possess the original on-chain version, they can still acquire a print edition of the 10,000 on-chain Punks.
These two variants of each printpunk are distinguishable through various characteristics. For instance, the 10,000 On-Chain piece is an archival pigment print featuring a screen varnish seal, while the Punks-On-Chain piece is a UV pigment print with a white base. Both versions of each CryptoPunk include Yuga Labs' holographic stickers, providing irrefutable proof of their authenticity.
Punks-On-Chain items additionally incorporate a blockchain-based digital Certificate of Authenticity (CoA) accessible via a QR code on the back. In contrast, the 10,000 on-chain pieces include a physical CoA with a QR code leading to a digital CoA, although this QR code is not present on the print itself. CryptoPunks stand as one of the earliest art collections generated algorithmically and distributed using blockchain technology. Created by Larva Labs, CryptoPunks were introduced in June 2017 and were initially intended to be free for any Ethereum network user wanting to mint them.
As of the latest data, the lowest selling price for CryptoPunks stands at approximately $78,000, and the series as a whole has a market capitalization exceeding $782 million, according to CoinGecko. In March 2022, Larva Labs sold the CryptoPunks rights to the NFT development team Yuga Labs.
