CryptoPunks

CryptoPunks is one of the oldest and most iconic non-fungible token (NFT) collections; each NFT in the collection represents ownership of a unique item that is different from the others and cannot be replaced with other tokens, unlike cryptocurrencies.

Created by John Watkinson, Matt Hall, and Andy Milenius in 2017 under Larva Labs, CryptoPunks was inspired by the London punk scene, cyberpunk movement, and electronic dance music artist Daft Punk. Launched on the Ethereum blockchain, each image can represent an alien, robot, or ape in punk style.

The CryptoPunks project has experienced significant growth in the space and even permeated into more mainstream culture, with companies like Visa and celebrities like Jay-Z owning them. They are arguably one of the most sought-after collections in the NFT space, with some selling for millions of dollars.

Key Takeaway

CryptoPunks is a generative art collection of over 10,000 ‘punks’ as non-fungible tokens (NFTs) on the Ethereum blockchain.

Related Words

Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

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Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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