We Bought a CRYPTOPUNK!!! Why we did it? | Animation
If you’re not sitting down, it is time you do it because we have amazing news: We now own a Cryptopunk!
Since our team has added a cryptopunk to our treasury, we thought we should make an episode in which we look in detail at this collection, finding out how did it appear, how did it get to be worth so much, and, finally, why did we decide to join this community as well.
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The main topics of the video are:
▶ What Are Cryptopunks?
▶ How Is the CryptoPunks Collection Organized?
▶ Why Does A CryptoPunk Cost So Much?
▶ Why Did the Cryptomatics Team Buy A CryptoPunk?
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🟡 What Are Cryptopunks?
The collection was launched on 23rd June 2017 by Larva Labs, a New York-based company founded by Matt Hall and John Watkinson. The two created a soft which allowed NFTs to be generated algorithmically and randomly, each one with different features.
This means that each and every one of those 10,000 cryptopunks is a unique piece of digital art recorded on the blockchain.
🟡 How Is the CryptoPunks Collection Organized?
The collection is divided into five categories: male, female, alien, zombie, and monkey. The value of each of them is derived from the category it is part of, but also from how unique its features are.
For example, there are 24 ape punks, 88 zombie punks, 6,039 male punks, and 3,840 female punks.
🟡 Why Does A CryptoPunk Cost So Much?
Ok, now we know how CryptoPunks appeared, but why are they so expensive? There are several elements to talk about.
First and foremost is the fact that this is the first NFT collection ever created. In 2017, Larva Labs laid the basis for the way NFTs will work.
🟡 Why Did the Cryptomatics Team Buy A CryptoPunk?
As we established, Cryptopunks is the mother of all for any NFT collection that will follow, the Alpha and Omega of this niche.
This is one of the reasons why we decided to add a punk to our collection especially since we don’t believe NFTs to be a bubble and that they will be here for a long time.
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CHAPTERS –
0:00 Intro
0:43 What Are Cryptopunks?
1:35 How Is the CryptoPunks Collection Organized?
2:32 Why Does A CryptoPunk Cost So Much?
3:20 Why Did the Cryptomatics Team Buy A CryptoPunk?
5:08 Outro
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⛓️ 🔗 Useful Links 🔗⛓️
► https://en.wikipedia.org/wiki/CryptoP...
► https://opensea.io/collection/cryptop...
► https://www.larvalabs.com/
► https://cryptorobin.com/
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#CryptoPunks #NFTs #Animation #Cryptomatics #Blockchain #Crypto #FinancialEducation