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In 2017, months before the first ERC-721 non-fungible token was introduced, Larva Labs released CryptoPunks. These on-chain generated character artworks have all kinds of randomly assigned attributes, some are rare, others are super rare. However, there are only 10.000 CryptoPunks ever created, and they are considered the first ever digital collectibles on the blockchain.

CryptoPunks is a crypto art initiative that generated ten thousand different 24×24 punk-looking avatars. There are a few rares ones, like apes, zombies and aliens. Besides being a digital collectible, the project doesn’t offer any additional usage. However, Cryptopunks are often part of digital art galleries in virtual worlds like Cryptovoxels and Decentraland.

The value of these CryptoPunks has been increasing tremendously in late 2020 and early 2021. While these punks were trading for hundreds or a few thousand dollars in early 2020, top trades are happening in 2021 for more than 1 million dollars.

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