Explore the Growing Digital Art Scene of Cryptopunks and NFTs
CryptoPunks is a non-fungible token (NFT) with a 24*24-pixel, 8-bit style unique avatar. They are regarded as a piece of artwork as well as a new form of digital asset tokenization that is extremely valuable on the NFT marketplace selling for millions of dollars at times. There will be 10,000 of these images, which also are pixelated, punky-looking images of male and female characters, and also zombies, apes, and aliens. Each punk is unique and is sold by individual owners as well as at prominent auction houses such as Christie's and Sotheby's, sometimes for really high prices. The most recent record sale occurred in February 2022. Deepak Thapliyal, the CEO of cloud blockchain infrastructure startup Chain, paid approximately $24 million (at the time), and maybe 8,000 ether (ETH), for CryptoPunk 5822. CryptoPunk 2924 was sold for nearly $4.5 million in ETH in September 2022. In total, the Ethereum NFT collection has produced more than $2.4 billion in trades. On the Ethereum