Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

A 500K BTC -Dump is coming? The volatility of Bitcoin stands for a new test!

2025-05-21

Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

2025-05-21

Texas Strategic Bitcoin Reserve Bill is progressing to definitive approval

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Decrypt’s NFT Project of the Year 2024: CryptoPunks
NFT

Decrypt’s NFT Project of the Year 2024: CryptoPunks

2024-12-31No Comments6 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Earlier this month, Pudgy Penguins came within striking distance of dethroning CryptoPunks as the most expensive NFT collection in the world.

It had been a very long time since any other brand had even come close to achieving this feat, and Pudgy had the wind in its sails: building on the momentum of an upcoming symbolic air dropthe collection soared to incredible heights, exploding from a rock-bottom price of $19,000 in early November to more than $138,000 in mid-December.

It looked like the turnaround was going to happen. Then the PENGU token airdrop went live and – in typical crypto fashion – Pudgy Penguins collapsed in value by over 55% within hours.

Untouched, at the top of the heap, was CryptoPunks. The episode perfectly summed up the prevailing NFT narrative of 2024: while other collections were working overtime to meet demand via incentives And the promise of tokensCryptoPunks seemed to effortlessly float up in cultural significance, social cachet and, of course, value.

Tokens launched and/or confirmed:

Chubby penguins ✅
Azuki✅
Doodles ✅
Creepz✅
Cool cats ✅

Moonbirds?

– seedphrase (@seedphrase) December 19, 2024

“While other projects struggle to justify themselves with comprehensive roadmaps, CryptoPunks still stand out as cultural icons,” shared Daniel Rosario, CryptoPunks holder and MetaMask ecosystem engagement manager. Declutter.

“Owning a Punk has come to represent a pure, decentralized form of digital identity – untethered by corporate influences, and celebrated for what it is, rather than what it could one day become,” he added.

As crypto becomes increasingly intertwined with Wall Street, Washingtonand the pillars of global power it once eschewed, CryptoPunks has emerged as an increasingly powerful time capsule of the industry’s fundamental values: decentralization, authenticity and true novelty.

See also  Snoop Dogg teams up with STEPN GO to take Web3 Fitness to the next level

Words that have since become empty marketing slogans in the NFT ecosystem – like community and utility – have undeniable meaning in the case of Punks. The collection, originated as an experiment in 2017 and offered for free to coiners, came years before NFTs were a coherent asset class.

An exhibition about CryptoPunks at the Museum Francisco Carolinum in Linz, Austria in the fall of 2024. Credit: Rainer Hosch Studio

In those early days, CryptoPunks embodied not only the promise of non-fungible digital tokens, but also of works of art that lived and traveled safely across the internet – a concept that has since brought about a revolution the art world. And in the years that followed 2017, the CryptoPunks online community provided a place for holders to interact and exchange ideas that would take over the crypto world.

One of those early adopters, the pseudonymous fashion entrepreneur moneysays the Punks community was a formative influence on his crypto journey in late 2020. In mid-December, Gmoney’s crypto-infused luxury and fashion label, 9dcc, launched its latest offering, a series of mysterious “Black Box” NFTs. Naturally, one of those boxes contained a rare CryptoPunk.

Gmoney told Declutter he decided to associate CryptoPunks with his latest sought-after collection – and not with any other NFT brand – because Punks represent the essence of his access to and relationship with crypto.

“What better way to hopefully enter the next bull market than with something similar, a tribute to that,” he said.

Major players in the luxury and art worlds continue to flock to CryptoPunks for similar reasons. Earlier this year, jeweler Swarovski debuted one tribute to CryptoPunks supported by auction house Christie’s. That flashy collaboration built on previous Punks projects and showcases from, among others Tiffany & Co. and some of the world’s most prestigious art institutions.

See also  Weekly NFT Sales Dip – Ethereum Surpasses Record Gains for Bitcoin, Solana, and Avalanche

Prominent CryptoPunks holders, including Gmoney and Erick Calderon, aka Snowfro, at a signing for a new book on CryptoPunks, released in 2024 by Yuga Labs. Credit: Yuga Labs

Over the course of 2024, that intangible but steadily increasing cultural value helped CryptoPunks post record sales, even as the rest of the NFT market remained under pressure. In March, a rare CryptoPunk sold for $16 millionduring the collection’s second-largest sale ever. Weeks later, another Punk sold for $16 million. The following month a third received a price tag of $12.4 million.

Perhaps ironically, the defiantly independent brand CryptoPunks currently falls under the stewardship from Yuga Labs, NFT’s largest company in the world.

In May, Yuga courted controversy after launching an “Artist in Residence” program designed to create new NFT collections that riffed on CryptoPunks. The resists to the program’s debut collection, designed by celebrated contemporary artist Nina Chanel Abney, was fast and resounding. Much of the backlash claimed that Yuga had no place in making money from CryptoPunks, and that such moves would diminish the essence of the collection.

Complicating that story, however, was the fact that much of the negative attention generated by Abney’s CryptoPunks project consisted of an “anti-woke” objection to the project’s celebration of racial and gender diversity.

Natalie Stone, Yuga’s leader at CryptoPunks, said that while she still stands behind Abney’s project on its artistic merits, the negative reactions it generated caused Yuga to reevaluate the CryptoPunks strategy.

“I think the response has clarified the reverence people feel for CryptoPunks,” Stone shared Declutter. “Generating revenue from the collection feels like an erosion of the principle of what punks mean.”

See also  Dogecoin now has its own version of Buzzy Bitcoin Ordinals Project Runestone

Since May, Stone says, Yuga has taken a more cautious approach to the collection, moving away from attempts to expand or innovate it. Instead, the company has redoubled its efforts to strengthen CryptoPunks’ legacy, especially in the realm of mainstream arts and culture.

“I want a CryptoPunk to be in every art history book you read that examines the great works of art of our time,” she said.

Yuga’s CryptoPunks leader Natalie Stone will speak at NFT Paris in February 2024. Credit: Yuga Labs

In the upper echelons of the traditional art world, it is becoming increasingly clear that CryptoPunks are in a class of their own compared to other NFT projects. Punks have been featured on the Center PompidouEurope’s largest museum of modern art, and the Los Angeles County Museum of Art; they are consistently auctioned alongside cultural treasures Sotheby’s And Christie’s.

Stone points to a new one book Released this year by Yuga, it chronicles the history of CryptoPunks as evidence of the kind of cultural footprint the company can help develop for the NFT collection that would otherwise be difficult to create for a decentralized community.

But ultimately, Stone says she is now acutely aware that CryptoPunks’ unique value proposition lies in its coveted status as “effortlessly cool.”

“Every time you try to make it cool, you fail,” she said.

“Trust me,” she added. “I tried.”

Source link

CryptoPunks Decrypts NFT Project Year
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Guild of Guardians leads with a huge volume of $ 796.62k

2025-05-20

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19

The most popular collections of the moment on blockchain

2025-05-18

Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

2025-05-17
Add A Comment

Comments are closed.

Top Posts

Dogecoin (DOGE) ready for big price increase

2023-11-26

Coinbase Earn is still at risk of being labeled as security, Berenberg’s analyst warns

2023-07-18

Jack Dorsey’s First-Ever Tweet NFT That Sold For $2.9M Ends Up With A Top Bid Of Just $96

2022-10-17
Editors Picks

OKX NFT Market Volume Surpasses Blur and OpenSea Amid Bitcoin Ordinals Frenzy

2023-12-18

Bitcoin Faces Bearish Divergence: Is a $60,000 Drop Coming?

2024-09-29

Sports Illustrated Embraces Ethereum for NFT Event Tickets

2023-05-02

Weekly NFT Sales Rise to $108.59 Million, Up 7.59%

2024-07-27
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

A 500K BTC -Dump is coming? The volatility of Bitcoin stands for a new test!

Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

Texas Strategic Bitcoin Reserve Bill is progressing to definitive approval

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$107,038.791.43%
  • ethereumEthereum(ETH)$2,557.020.66%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.36-0.14%
  • binancecoinBNB(BNB)$655.821.14%
  • solanaSolana(SOL)$169.030.59%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2278151.60%
  • cardanoCardano(ADA)$0.752.53%
  • tronTRON(TRX)$0.2717970.06%
  • suiSui(SUI)$3.86-0.52%
  • chainlinkChainlink(LINK)$15.89-0.83%
  • avalanche-2Avalanche(AVAX)$22.640.98%
  • stellarStellar(XLM)$0.2891591.83%
  • hyperliquidHyperliquid(HYPE)$26.25-1.06%
  • shiba-inuShiba Inu(SHIB)$0.0000150.44%
  • hedera-hashgraphHedera(HBAR)$0.1965820.59%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.18%
  • bitcoin-cashBitcoin Cash(BCH)$400.041.94%
  • the-open-networkToncoin(TON)$3.060.53%
  • polkadotPolkadot(DOT)$4.691.59%
  • litecoinLitecoin(LTC)$95.07-0.84%
  • moneroMonero(XMR)$363.744.09%
  • bitget-tokenBitget Token(BGB)$5.170.06%
  • pepePepe(PEPE)$0.0000143.18%
  • piPi(PI)$0.797.52%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.396.90%
  • aaveAave(AAVE)$259.66-2.34%
  • bittensorBittensor(TAO)$419.67-0.04%
  • nearNEAR Protocol(NEAR)$2.80-0.07%
  • aptosAptos(APT)$5.17-0.14%
  • okbOKB(OKB)$52.18-0.16%
  • ondo-financeOndo(ONDO)$0.950.53%
  • kaspaKaspa(KAS)$0.110319-0.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.3311.45%
  • internet-computerInternet Computer(ICP)$5.300.94%
  • ethereum-classicEthereum Classic(ETC)$18.520.30%
  • gatechain-tokenGateToken(GT)$21.620.61%
  • crypto-com-chainCronos(CRO)$0.096458-0.37%
  • mantleMantle(MNT)$0.751.82%
  • vechainVeChain(VET)$0.0285631.73%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232357-0.48%
  • render-tokenRender(RENDER)$4.670.25%
  • ethenaEthena(ENA)$0.3893943.47%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • algorandAlgorand(ALGO)$0.2260291.18%
  • arbitrumArbitrum(ARB)$0.3969680.89%
  • cosmosCosmos(ATOM)$4.922.26%
  • bitcoinBitcoin(BTC)$107,038.791.43%
  • ethereumEthereum(ETH)$2,557.020.66%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.36-0.14%
  • binancecoinBNB(BNB)$655.821.14%
  • solanaSolana(SOL)$169.030.59%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2278151.60%
  • cardanoCardano(ADA)$0.752.53%
  • tronTRON(TRX)$0.2717970.06%
  • suiSui(SUI)$3.86-0.52%
  • chainlinkChainlink(LINK)$15.89-0.83%
  • avalanche-2Avalanche(AVAX)$22.640.98%
  • stellarStellar(XLM)$0.2891591.83%
  • hyperliquidHyperliquid(HYPE)$26.25-1.06%
  • shiba-inuShiba Inu(SHIB)$0.0000150.44%
  • hedera-hashgraphHedera(HBAR)$0.1965820.59%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.18%
  • bitcoin-cashBitcoin Cash(BCH)$400.041.94%
  • the-open-networkToncoin(TON)$3.060.53%
  • polkadotPolkadot(DOT)$4.691.59%
  • litecoinLitecoin(LTC)$95.07-0.84%
  • moneroMonero(XMR)$363.744.09%
  • bitget-tokenBitget Token(BGB)$5.170.06%
  • pepePepe(PEPE)$0.0000143.18%
  • piPi(PI)$0.797.52%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.396.90%
  • aaveAave(AAVE)$259.66-2.34%
  • bittensorBittensor(TAO)$419.67-0.04%
  • nearNEAR Protocol(NEAR)$2.80-0.07%
  • aptosAptos(APT)$5.17-0.14%
  • okbOKB(OKB)$52.18-0.16%
  • ondo-financeOndo(ONDO)$0.950.53%
  • kaspaKaspa(KAS)$0.110319-0.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.3311.45%
  • internet-computerInternet Computer(ICP)$5.300.94%
  • ethereum-classicEthereum Classic(ETC)$18.520.30%
  • gatechain-tokenGateToken(GT)$21.620.61%
  • crypto-com-chainCronos(CRO)$0.096458-0.37%
  • mantleMantle(MNT)$0.751.82%
  • vechainVeChain(VET)$0.0285631.73%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232357-0.48%
  • render-tokenRender(RENDER)$4.670.25%
  • ethenaEthena(ENA)$0.3893943.47%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • algorandAlgorand(ALGO)$0.2260291.18%
  • arbitrumArbitrum(ARB)$0.3969680.89%
  • cosmosCosmos(ATOM)$4.922.26%