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What are Cryptopunks and what makes their randomly generated 8-bit appearance so valuable?

In this video we take an in-depth look into why these digital misfits are being auctioned for millions of dollars and you will discover why Cryptopunks kick started the NFT CryptoArt movement.

00:00 Intro
00:20 What are cryptopunks?
01:42 Why are cryptopunks selling for millions?
02:45 Unique attributes
03:33 Top 3 cryptopunk auctions
04:26 How to buy cryptopunks?
04:52 Where to buy cryptopunks?

CryptoPunks are collectible pieces of digital art that have been algorithmically generated, each with their own traits and distinctive attributes.

There are a total of 10.000 Cryptopunks and each punk is completely unique because of the combination of certain accessories and traits.

Some attributes are shared only with a few other Cryptopunks which makes certain punks more valuable than others.

The concept of Cryptopunks started as an experiment into the value of Non-Fungible Tokens and digital art. And more importantly: Could a few lines of computer algorithm code translate to a feeling of meaningful ownership?

Cryptopunks launched in 2017 at a time when the NFT hype was non-existent and were initially given away for free. Over the years, the set of eccentrics gradually became more popular and reached its famed status after auction sales reached 7,5 million dollars in 2021.

Cryptopunks is the brainchild of New York-based Larva Labs, founded by Matt Hall and John Watkinson, who were inspired by the rebellious punk rock scene, which at the time resembled the upcoming blockchain revolution.

As one of the first famous NFT projects, Larva Labs inspired digital artists to offer their works as NFTs, putting Cryptopunks at the forefront of the CryptoArt movement.

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In todays video we go over the NFT project called Animated Punks which is collection of crypto punk looking characters that are animated.

Animated Punks NFT Review
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All of my content, including but not limited to my cryptocurrency videos, streams, investments, stocks, strategies, news coverage, and top NFTs videos are for entertainment purposes only, reflect only my personal views, ideas, and opinions, and should not be construed as personal investment advice. While the information is believed to be accurate, it may include errors, inaccuracies, or omissions. No representations or warranties are made in connection therewith and you should never take any of this information as guidance for buying or selling any type of investment. Nothing herein or therein shall be construed to be financial, legal, or tax advice. Purchasing cryptocurrencies, NFTs, or stocks can be highly speculative and pose considerable risk of loss of your entire investment. You should always conduct your own due diligence and seek the advice and/or counsel of qualified and licensed professionals and advisors. I will not and cannot be held liable for any actions you take as a result of viewing and/or reading any of my content and/or any losses in connection therewith.

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