Despite the cancellation of 104 CryptoPunk sales, bidders and live streamers listened to a group of NFT experts sharing their love for Punks.
When asked about the early history of Larva Labs and CryptoPunks, Sherone Rabinovitz, a technologist and CryptoPunk expert, praised CryptoPunks as the first project. “To Make Things Right” From Aesthetics to Market, Larva Labs “casts its magic” in an experiment to test digital ownership. And he added that the beauty of CryptoPunks is “beyond pixel and culture” and that the code is “beautiful” enough to print, frame, and hang on the wall.
In 2017, Larva Labs announced its launch on Ethereum with an algorithm to generate random pixel CryptoPunk characters. And since then, CryptoPunk has been recognized by the mainstream as one of the most valuable NFTs in the world. It is currently the most traded collection in terms of volume on OpenSea.
“I think one of the most important things in life is to build relationships and try to understand why you don’t like what you don’t,” he said, adding that he eventually learned to fall in love with CryptoPunks.
“They have changed the paradigm in the history of culture. which is a cross between fine art and collectibles.”
“If you focus too much on rarity, you might miss the point. Remember what CryptoPunks are, they are ambassadors of a new era and a new movement.”
Last year, Sotheby set a world record with $11.8 million in sales for a single CryptoPunk and Bored Apes Yacht Club, the second most traded NFT collection. Overturned the base price of CryptoPunks, at the time of its publication, the lowest-cost Punk was 59.95 ETH, or $148,223, while the lowest-priced Bored Ape was 80 ETH, or $201,549.
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