What is a cryptopunk and how does it work?

A CryptoPunk is a non-fungible token or NFT. NFTs are unique digital items that are issued on a blockchain which in many ways hold similar qualities to items in the real world. Think about physical goods like limited-edition trainers or clothing, collectible baseball cards, or original artwork.

What is cryptopunk NFT?

Created by the New York-based software firm Larva Labs in 2017, CryptoPunks is a collection of 10,000 algorithmically generated 24×24, 8-bit-style tokenized and pixelated art images. Each CryptoPunk NFT is randomly generated from several different attributes, effectively allowing them to be unique as no two CryptoPunks are exactly alike.

How to buy a crypto punk?

It’s easy to buy a CryptoPunk if you can afford their prices. Step 1: Convert your cash into ETH and send it to your digital wallet so you have the means to buy a punk. Step 2: Transfer your ether to your blockchain wallet. One example of a blockchain wallet is MetaMask, which CryptoPunk supports. Step 3: Buy a CryptoPunk from Coinbase or an owner.

How much is a cryptopunk worth?

The value of a CryptoPunk depends mostly on how uncommon its attributes are. There are only nine alien punks so they tend to be worth more in the marketplace than male punks, of which there are 6,039. Which Celebrities Own CryptoPunks? Celebrity ownership of CryptoPunks can increase the tokens’ value.