CryptoPunks is a collection of 10,000 pixelated NFTs that was launched in June 2017.
The collection was initially free to claim for any user with an Ethereum wallet. As one of the first NFTs on the Ethereum blockchain, many NFT collectors assign a notable historical significance to the collection.
Learn more about the project and its rise to success below.
Now one of the most sought-after NFTs, CryptoPunks was not instantly a hit when released in 2017.
“When we first started this, we didn’t even know if anyone would care at all,” Larva Labs and CryptoPunks co-founder Matt Hall said. “At first, it felt like, ‘Oh my god, we have 10,000 of these things and people have taken 30? It’s going to be stupid, right?’ But then they all went.”
In the process of creating CryptoPunks, Hall and co-founder John Watkinson also inspired the ERC-721 standard. Though an afterthought for most non-technical NFT collectors, the ERC-721 standard is a foundational piece of nearly all…