Why Are CryptoPunks So Popular? Can you make NFT collections like CryptoPunks?

Top Non-Fungible Tokens (NFT) Projects: CryptoPunks is a set of 10,000 unique digital collectible characters that are 24×24 pixel, 8-bit unique avatars.

CryptoPunks was one of the earliest non-fungible token projects, paving the way for other popular NFT projects such as CryptoKitties, Bored Ape Yacht Club and CrypToadz.

Why Are CryptoPunks So Popular?

It was one of the first NFT collections to move from internet forums to prestigious auction houses such as Sotheby’s and Christie’s.

The collection has become well known among prominent art critics, who see it as an important historical artifact from the early days of blockchain and cryptocurrencies. For many NFT enthusiasts, the collection marks a turning point in the mass recognition of NFTs and a change in how people view digital ownership.

Launched in 2017, CryptoPunks was developed using the ERC-20 token standard.

Originally intended for use in games and applications, CryptoPunks have since inspired a number of other Profile Photo (PFP) NFT collections (including Bored Ape Yacht Club) with their aesthetic treatment of portrait images.

In the early days, anyone with an Ethereum wallet could get CryptoPunks for free as long as they were prepared to pay the small coin fee. During the 2021 bull run, the collection’s price exploded, with some CryptoPunks selling for tens of millions of dollars.

Market prices have helped legitimize the importance of NFTs as a technological and aesthetic trend.

Also Read: Top Sub-$1 Altcoins to Bet on Before 2023-24

Can you make an NFT collection like CryptoPunks?

CryptoPunks belongs to the PFP (Profile Picture) category of NFTs. They usually have thousands of editions, if not more. The concept is to construct an avatar by programming it for different qualities, such as head, face, etc., with certain editions having the more rare qualities, which may be worth more.

However, you must have a programming background to perform the following steps.

Step 1: Create the NFT images and metadata

The project designer must create an image for each feature, such as eye, head, etc., to produce an NFT with random features.

To create metadata, see this guide from OpenSea: How to add rich metadata to your ERC721 or ERC1155 NFTs

Step 2: Host the images and metadata

You can use several cloud storage platforms, such as AWS (paid) or IPFS (free). This will ensure that your collection is “live” regardless of who owns your digital collectibles.

Step 3: Implement the smart contract.

There are several tools available for this. Please refer these guides for the same

Step 4: Mint NFTs

After the smart contract is deployed, you can start minting the NFTs. Please refer this guide for the same.

This is how you coin on OpenSea

If you don’t have a programming background, you can use NFT generator platforms like Genfty and NFT Art Generator to generate NFTs like CryptoPunks.

Also Read: Here’s How Much Your $100 Cardano Investment Will Be Worth If ADA Hits $1

Dhirendra is a writer, producer and journalist who has worked in the media industry for more than 3 years. A technology enthusiast, a curious person who loves to research and know about things. When he’s not working, you can find him reading and understanding the world through the lens of the Internet. Contact him at [email protected]

The content presented may include the author’s personal opinion and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication has no responsibility for your personal financial loss.

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