'Demystifying CryptoPunks - The Conceptual Leap in Non-Fungible Tokens' cryptopunk cryptopunksin2022
To say that CryptoPunks instituted a conceptual change in 2017 is an understatement. It means - any NFT project must emulate CryptoPunks like NFT to taste success.
CryptoPunks are Ethereum-linked uniquely generated characters that are 10,000 in number. It was nothing but a stroke of brilliance when the two Canadian software developers, Matt Hall and John Watkinson, came together. Why because - they prioritized what most of us overlook/disregard - the conceptualization.
To be clear, these are mostly computer-generated artpunks - not actual artworks. Bidders/buyers can use them in their virtual worlds and gaming environments. For instance, the celebrities who bought their favorite art punks are flaunting them as display pictures on their social media accounts.
Unlike Bored Ape Yacht Club , Larva Labs Studio does not offer intellectual property rights to CryptoPunks’ owners. As a result, thebored apes are all over the web. Even though Larva Labs do not offer ownership rights, CryptoPunks’s owners can commercialize the merchandise of their punks and earn considerable profit every year. The agreement, however, is not to modify punk’s art or commercialize .
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