What Are CryptoPunks: Popularity Explained
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We will try to answer these questions in this video:
- What are the CryptoPunks?
- What are CryptoPunks?
- How Did Cryptopunks Start?
- What are the best crypto punks?
- What are the best NFTs?
- What is the CryptoPunks' future?
- How to buy CryptoPunks?
- What are the most expensive CryptoPunks?
- Which kinds of CryptoPunksare the best ones?

CryptoPunks was made by Larva Labs, a two-person team working on a wide range of projects from digital design and art to mobile games and utilities to web infrastructure. The team made a pixelated figure generator with inspiration from cyberpunk novels and movies and the London punk scene.
F) In 2017, they created 10,000 unique characters and put them on the Ethereum blockchain. Anybody interested could have a CryptoPunk for free. They would only need to pay the gas fees to cover the computing energy, which was much lower before DeFi and NFTs took off. Larva Labs actually kept a thousand portraits for themselves, but the rest were immediately claimed. The only way to get CryptoPunks today is to buy them directly from their owners.
CryptoPunks’ Popularity
G) Over time, CryptoPunks has gained popularity in the NFT industry. It’s a factor that plays a significant role in the valuation of an NFT. As the punks got attention, they recorded a rise in value, which increased their demand and fueled FOMO, causing a spike in their value. But how did they get all that attention and popularity? Well, here we look through the main factors:
H) Limited Availability: Only 10,000 CryptoPunks are available, and no more will be added to the NFT collection. When they were all gone, CryptoPunks' prices started to increase. With the price increase came more and more popularity.
I) Different Features: All 10,000 CryptoPunks that are currently available have special qualities. You can see the CryptoPunks’ profile attributes. Due to a different combination of traits, each of the 10,000 is completely unique. This uniqueness of CryptoPunks plays an important role in their popularity. Each holder has their own unique piece of art, not just one out of some identical NFTs.
J) Auctions: CryptoPunks were sold for millions of dollars at many auctions. These auctions have attracted a great deal of market attention and become rather famous. The top three CryptoPunk auctions were CryptoPunk 5822 (23.7 million dollars), CryptoPunk 4156 (10.2 million dollars), and CryptoPunk 5577 (7.7 million dollars).
K) Celebrity Influence: Celebrities significantly impact market sentiment, and some of them have shown interest in and purchased CryptoPunks. This also encouraged more people to invest in CryptoPunks. As a result, the NFT collection grew in popularity, and its supply and demand increased.
L) Age: The age of CryptoPunks plays a really important role here. Because CryptoPunks is one of the oldest NFTs, it has become famous. This also increased its social and cultural significance. Besides, it has the first mover’s advantage since it was one of the first NFT collections to hit the market.

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