Digital collectibles are the new money-minting concept bagging humongous revenue.. CryptoPunks is one of the pioneers of this new phenomenon. The story began when Bitcoin created a revolution in the processing of transactions in January 2009 and granted 100% ownership of assets to investors.. Ethereum uplifted it to the next arena in July 2015 by permitting arbitrary computer code to be executed on the blockchain. Larva Labs made use of this robust technology and created unique digital assets named CryptoPunks in June 2017.
We know the rest of the story. CryptoPunks like NFT development evolved to be one of the biggest news in the blockchain world. The CryptoPunk #7523 was sold for $11.8 million in June 2021, which is the highest sale value for a CryptoPunk for now. It is also claimed that CryptoPunks are the sole reason for the $900 million profits raked by NFTs in August this year.
It is also to be noted that CryptoPunks is not the only pixelated collectible that is doing wonders in the market. The other digital assets that are doing great are Bored Ape Yacht Club, CryptoKitties, Blitmaps, Polkamon, Vee Friends,etc. With all these virtual collectibles doing great in the market. You can also create an NFT marketplace and trade digital collectibles in a flash.
CryptoPunks clone is a platform to buy and sell pixelated digital collectibles created automatically by an algorithm. As a techpreneur, you can build a marketplace with an attractive storefront. Robust blockchain technology will help investors to buy and sell virtual assets. In addition to this, you can also create your own unique collection of digital artwork and list them as well for sale. It is time to remind yourself of the proverb, 'Make hay while the sun shines' and launch CryptoPunks like NFT Marketplace.
Did you know that CryptoPunks are the first non-fungible tokens? It was a project kicked off as fun by John Watkinson and Matt Hall. Initially, it was about entertaining the audience, but today, these digital collectibles are being sold for millions of dollars. They are even set to be displayed in traditional art galleries.
The CryptoPunks are simple 24*24 pixelated portraits of human faces that were inspired by the Punk counterculture. Each and every portrait is unique. The difference between each face is solely about the attributes of the face. Some of them have a beanie; some have welding goggles, choker, pigtails, orange side, buck teeth, and more. In addition to these human faces, there are some rare versions of punks like apes, aliens, and zombies. To put in simple words, "this is a cool stuff that took over the blockchain world for a ride it was never ready for."
Today, the highest sale value for punk is $7.58 million. It may sound unbelievable, but without a doubt, CryptoPunks are here to stay as assets every individual desire to own a rare asset.
It is imperative for an entrepreneur to be well-informed about the features of an NFT marketplace before stepping into this lucrative arena.
Store ExhibitoryWelcome the art collectors to your platform with a dapper storefront displaying a virtual asset collection along with options like preview, buy, and sell.
Sophisticated Search OptionsBestow the investors with sophistication to find the Non-Fungible Token (NFT) they are looking for from a plethora of digital art pieces by feeding in their requirements on the search tab.
Stack ListingEliminate the artists from the toil of listing their non-fungible tokens one by one. And present them with an opportunity to list them all as a bundle or a stack.
IPFS The InterPlanetary File System [IPFS] enables sharing and storing of data on a decentralized cloud system efficiently.
EtherScanWe integrate EtherScan, a decentralized block explorer with the CryptoPunks Like marketplace for enhanced search and analytics.
Multiple Token StandardsThe white-label NFT Digital Collectibles Clone Script is developed to be compatible with multiple token standards. The artists can opt for ERC-721 standard or ERC-1155 standard.
Digital WalletThe connoisseurs can integrate their digital wallet with the NFT Digital Collectibles Platform like CryptoPunks in a wink.
Bidding OptionThe users with a dire love for art can place their bid on digital creations. However, the highest bidder gets to own the exclusive work.
Bidding HistoryWhen a creator lists their work for sale as NFTs, it is susceptible for the aesthetes to bid on it with an urge to own them. The bids placed by all the collectors are recorded on the blockchain network and are made visible for everyone, along with the listing of the art.
Instant Sell/BuyAn artist can also opt for an instant selling option without going for a bid. They can enlist the price for speedy sale, and any investor interested in buying it for the price can purchase it swiftly.
NFTs For MortgageThe digital assets owned by the collectors can be exchanged for money as collateral for a loan. The NFTs get locked on a smart contract and are released once the owner pays back the debt.
Multi-Device SupportNow, the NFT traders can buy or sell crypto assets on more than one device. Left the laptop back at home? they can now pick up their smartphone and enjoy trading seamlessly.
AuthenticityThe word authenticity goes hand in hand with NFT trading platforms. It offers digital artworks credibility and validates the work with proof of ownership rights.
UniquenessThe one word that keeps resonating every time someone asks why NFTs are worth so high is uniqueness. It is a well-known fact that crypto collectibles are indivisible, interchangeable, and cannot be duplicated in any case.
RarenessEvery digital art minted as a non-fungible token is original and is one of a kind. Thereby making it desirable and scarce for the aesthetes.
TransparencyEvery data regarding an NFT is stored in a distributed ledger and can be viewed by any individual, thus providing a high level of transparency.
LiquidityA marketplace for tokenized digital assets will witness huge trading. Liquidity is not a question when there is limitless buying and selling of collectibles.
Providing detailed stats on the collectibles listed on the platform insights the collectors to plan on their next asset to conquest. The stats available on our platform are,
Bids made by investors that are presently open
Current Lowest Price Artwork Available
Number of Sales
Recently Sold Algorithmically generated artworks
The digital collectibles available for sale
Top 10 Pixelated Arts (Highest Sale)
Total Value Of Sales
Values of Sales (24 hrs, week, four weeks)
Wrapped digital assets for sale
The punk images were created in different types along with numerous attributes. These pixelated heads are an inspiration of the Punk subculture from the mid-1970s. Undoubtedly it was a huge scene back in those days. And there are still fans lurking around listening to the best bands of those times.
As an entrepreneur, you could also come up with a unique idea like this to generate algorithmically generated heads. And list it in your own marketplace to relish all the benefits of both NFTs and, of course, your idea. Anyways, insight yourself into the different types of digital punks and get some inspiration.
6039 virtual heads in numbers
3840 in total
just 24 ape heads
88 zombie faces
only nine aliens
There are a lot of stats that can lure you into launching a digital asset like punks. But you should also know it's about the uniqueness of the idea and the already existing fan following for the counterculture. So, in addition to the power of NFTs, you also need to mix up some creativity there.
A total of 10,000 punk heads are only available throughout the blockchain space
The highest price paid for a digital punk is $7.57 million
The lowest price at which a pixelated punk is sold is $39,000.65
The average bid placed on these digital characters in the last year is $137,375.74
Currently, the average open bid amount is $13,853.18
The average sale price of all the digital heads from the last year is $140,543.61
The total sales value of these punk heads for the last year is $1.8 billion
The numbers seem so lucrative, right? What makes you wait anymore? Give us a call, and let's start to harness your business idea.
The punks are usually ERC-20 tokens. They are to be wrapped as ERC-721 tokens as a first step.
The wrapping process is initiated on a separate website.
The original images of the crypto heads are too large to store on the Ethereum blockchain network. Therefore a hash of the actual image is backed up in the smart contract.
To verify the authenticity of the virtual punks, generate the SHA256 hash by using the command line, let's say, < openss1 sha - sha256 punks.png > and equate it with the hash embedded in the contract.
The creator of the virtual collectibles can now enable the listing by choosing the auction or instant sale option.
Once the pixelated heads are out for sale, the aesthetes start bidding on them. Once the auction is over, the bid amount is transferred to the creator, and the proof of ownership is sent to the highest bidder.
Wrapping is the process of upgrading a digital asset following certain token standards to other token standards for processing transactions seamlessly.
In this case, CryptoPunks were released as ERC-20 tokens in June 2017 and were introduced to the market before the advent of the ERC-721 standard in January 2018. To adapt to the advancement in the standards and to avoid complexities in transactions, the punks were wrapped as ERC-721 tokens. These wrapped tokens are sold as NFTs. To redeem the original token, they can unwrap it.
In today's scenario, you may not need wrapping as you can directly mint tokens that follow the ERC-721 or ERC-1155 standards.
CryptoPunks are widely known for their punk looks inspired from the mid-1970s. There are a total of 10,000 punk heads. Each digital head is unique, with different features added to the face. These features include different genders, hairstyles, lipsticks, and more.
Check out the different characteristics of the original CryptoPunks.
696 punks are seen with lipsticks onto them
303 faces have mutton chops
286 digital faces sport a look with 3-D glasses
128 crypto heads have rosy cheeks
94 of them have pigtails
78 of the punk faces are spotted with buck teeth
44 of the punks wear beanies
As an entrepreneur and a creative person, your idea should also be built in this way. Each digital asset must have a unique attribute that interests the collector.
Generating a limited number of pixelated arts increases the demand for the digital assets. Eventually, their value skyrockets in a short time.
Create unique digital portraits and ensure that the supply is limited—the rarer the asset higher the anticipation for owning it.
Liquidity is a must-to-consider factor when it comes to launching an NFT marketplace. Investors can swiftly convert their digital assets into cash without influencing the market price.
When you launch pixelated portraits, it is important to be aware of the value they can create. CryptoPunks are valued ranging from $331,503 to $7.58 million. There are a few online NFT value estimators.
The value of digital collectibles like CryptoPunks is way too high today compared to the cost of creating a White-label CryptoPunks clone. This promises a high Return on Investment.
Bitcoin was the first blockchain to be created. However, it was more transaction-oriented. This led to the advent of its successor Ethereum, the contemporary and one of the most popular blockchains with various use cases. After the gigantic success of Ethereum, a number of blockchains started to enter the cryptoverse with diverse motives. Each blockchain has its own pros and cons. It's up to you to choose the right one.
Binance Smart Chain (BSC)
Appdupe are proficient partners to look upto in terms of blockchain technology, DeFi, DApps, and NFTs.
Creative TeamOur team not only helps with the back-end development but also tips you with ideas that can attract both artists and aesthetes.
On-Time DeliveryWe structure a road map and stick to it. With Appdupe as your trusted service provider, you can launch ahead of your competitors and sweep off all the audience.
Go Cost-EffectiveYou need not be a multi-millionaire to dream about launching a platform to buy and sell pixelated portraits anymore. Appdupe offers the most cost-effective solution.
Round The Clock SupportQueries are dealt with instantly with no further delay. Any day of the week or hour of the day, you get them resolved.
ExperienceAppdupe has worked relentlessly on blockchain technology for years, sharpening its expertise. When you partner with us, you are signing up with a prolific team.
White-Label SolutionWhen we say "CryptoPunks like marketplace," it does not mean your platform is also going to look the same way. It is completely customized as per your business idea and the pixelated portraits you have generated to trade.
We are available to discuss your project 24x7x365. Once we have an alignment about the details of the project, you are invited to see your requirements designed in front of your eyes at our development centre. Interact with our project manager, developers and designers regarding your platform. We will help you through the visa process and other travel hurdles.