These collectibles developed the idea of profile pictures –PFPs– as a collectible digital item later adopted by succeeding NFT projects. The CryptoPunks collection comprises of 10,000 unique avatars with different and blended traits, or attributes, that defines their respective rarity.ĬryptoPunks NFTs were released on June 23, 2017. The characters generated later become a model for other NFT projects.
SPACE PUNKS NFT SOFTWARE
Initially, the duo wanted to create mobile apps or video games, but they resolved to develop software that could generate thousands of different characters that would sum up to a collection and revolutionize digital arts. The collection was created by Larva Labs, a software company co-founded by two former Google employees, John Watkinson and Matt Hall, in 2017. What are CryptoPunks NFTs?ĬryptoPunks can be regarded as the premier of NFTs on the Ethereum blockchain. One of the first NFTs minted on the Ethereum network is the CryptoPunk NFTs. By 2017, NFTs started prevailing, with the Ethereum blockchain being the hub for minting NFTs. NFTs’ genesis begins with Kevin McCoy, who minted “Quantum,” the first NFT, in 2014. They’re tokenized units of data stored on the blockchain to maintain an immutable record of ownership for all NFTs, including their transaction history as they are traded. NFTs are unique crypto assets that can’t be exchanged for their equivalent.
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