The CryptoPunks collection keeps collecting massive sales
The pixelated avatar depicting an alien with bloodshot eyes and green skin is part of the collection of 10,000 digitally scarce faces that managed to revolutionize the NFT sector.for an eye-watering $23.7 million by Chain CEO Deepak Thapliyal.
The Ethereum-powered project was launched back in 2017 when NFTs were still an arcane concept that was only known to some cryptocurrency aficionados. Initially, Larva Labs, the company behind the groundbreaking collection, released some CryptoPunks for free as an experiment before the project slowly started gaining traction.
The popularity of the collection reached enormous proportions in 2021, with high-profile celebrities, such as rapper Jay-Z, buying them for clout. Suddenly, whimsical pixelated images became a status symbol.CryptoPunks, one of the earliest NFT projects, led the creation of other successful collections such as Doodles. It has now surpassed more than $2 billion in trading volume.
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