CryptoPunks is a generative art collection and one of the first digital art projects that use NFTs. Only 10,000 Punks are known to exist, and some are considered to be lost forever.

What happened: CryptoPunk #1189 was recently sold for 49.00 ETH ($95,754 USD). Punk’s qualities influence the worth of CryptoPunks, with the hoodie, beanie, and pilot helmet features being the most valued. Other Punk species (Zombies, Apes, and Aliens) are extremely rare and command a high price.

Here’s a list of its characteristics, along with how many other Punks share them:

Male gender (6,039)
Mohawk Thin Accessory (441)
Spots (accessory) (124)
2 Attributes Accessory (2,082)

Why Does It Matter? For NFT collectors, Cryptopunks are the ideal rookie card. In 2021, CryptoPunks have grown in power, with hundreds of celebrities openly displaying their punk ownership on Twitter. Cryptopunk sales are a leading signal for the rest of the NFT industry, demonstrating that some people are ready to spend a lot of money on blockchain-based art.

Ethereum is presently trading at $1,955.35, a 4.58 percent decrease in the last 24 hours.

You may also like

Leave a reply

Your email address will not be published.