What are CryptoPunks?
CryptoPunks is an NFT collection issued on the Ethereum blockchain. It was first introduced by the Larva Labs studio in 2017. Later, the collection was acquired by Yuga Labs in 2022, the company behind Bored Ape Yacht Club. Larva Labs was one of the pioneers to use the ERC-721 standard to issue NFTs.

There is a total of 10,000 unique characters of CryptoPunks that are 24x24 pixel images. In the collection, no two images are generated with the same appearance. They were issued and stored on the Ethereum network. First, the collection was free to claim then the CryptoPunks were traded on blockchain-based marketplaces.
Each CryptoPunk has different attributes, originally generated by an algorithm designed by the Larva Labs team. Therefore, having one CryptoPunk in the blockchain wallet can grant its owner the unique feeling of a collector.

CryptoPunks not only revolutionized the NFT space but also showcased the potential of blockchain for digital ownership. Their unique attributes and scarcity make them a fascinating example of how art and technology can intersect in innovative ways.