CryptoPunk NFTs are Rare and Exclusive Character Collectibles
Josh Thompson-Persaud — May 17, 2021 — Business
CryptoPunk NFTs by Larva Labs is a collection of one-of-a-kind pixelated portraits of "punks" that are sold through the Ethereum blockchain. Each CryptoPunk has a set of unique physical characteristics that makes it stand out from its neighbors. The CryptoPunk NFTs are comprised of 10,000 of these retro-inspired 24 by 24-pixel collectible characters.
The value of specific CryptoPunks varies according to the rarity of their traits. Some traits, like the alien face, are extremely exclusive with only nine out of 10,000 in existence. By sorting by traits, consumers can find a CryptoPunk NFT that they identify with and bid on the collectible through the open market using the digital currency Ethereum. In the last year, there were just under 10,000 unique sales of CryptoPunks, indicating a profitable new market for artists, entrepreneurs, and digital collectors alike.
Image Credit: Mashable, CryptoPunks
The value of specific CryptoPunks varies according to the rarity of their traits. Some traits, like the alien face, are extremely exclusive with only nine out of 10,000 in existence. By sorting by traits, consumers can find a CryptoPunk NFT that they identify with and bid on the collectible through the open market using the digital currency Ethereum. In the last year, there were just under 10,000 unique sales of CryptoPunks, indicating a profitable new market for artists, entrepreneurs, and digital collectors alike.
Image Credit: Mashable, CryptoPunks
Trend Themes
1. Exclusive NFT Collections - Opportunity for artists and entrepreneurs to create exclusive and rare NFT collections similar to CryptoPunks.
2. Personalized Nfts - Opportunity to create NFTs with personalized physical characteristics that resonate with consumers.
3. Retro-themed NFT Collectibles - Opportunity to create NFT collectibles that have a nostalgic and retro appeal like CryptoPunks.
Industry Implications
1. Art and Photography - Artists and photographers can create and sell exclusive NFT collections that are rare and unique.
2. Gaming - Opportunity for game developers to create NFT collectibles that can be used in the game and traded among players.
3. Advertising and Branding - Opportunity for brands to create NFTs with personalized traits that resonate with their customers and can be used in influencer marketing.
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