Who are crypto punks?

While many Crypto Punks were born and raised in a digital world, some of the early pioneers in the crypto space are from the Oregon Trail generation. They were born to an analog world, but grew up simultaneously alongside the birth of home computing, the Internet, and mobile computing.

What are cryptopunks & how do they work?

CryptoPunks are made up of 10,000 unique characters and features focusing on the 8-bit-style punks. As one of the first NFT projects in the Ethereum network, despite the lack of utility of these virtual characters, sellers still made immense profits by trading CryptoPunks. But, how exactly is that achieved?

Are cryptopunks free?

Believe it or not, CryptoPunks were released for free back in 2017. Ethereum’s ERC-721 non-fungible token standard wasn’t even a thing at that point, and the two-person team at Larva Labs released them as an experiment. Ethereum wallet owners snatched up the 9,000 CryptoPunks that were released to the public, while Larva Labs held onto the rest.

Can You Wrap crypto punks?

You can also “wrap” CryptoPunks. This process requires that you use wrapped contracts, whereby you wrap your punks and keep them in custody. Doing so can earn you an ERC-721 token that can be used for trading or DeFi purposes. You can unwrap your token whenever you want.