Last Updated: Feb 15, 2022


New York, United States


Visit Website
  • CryptoPunks Review
  • Profile
  • Contact
  • User Review

CryptoPunks NFT Collection Review


Kresimir Ilicic

Expert Analyst & Reviewer


icon Updated on: Feb 15, 2022

CryptoPunks is the most popular NFT collection. It has inspired the creation of the ERC-721 standard for NFTs. So, if you want to learn more about the collection responsible for all the hype NFTs got, keep reading our CryptoPunks NFT collection review.

This collection was featured everywhere, from Mashable to New York Times. The funny thing is that the whole collection was free when it was released, and now the cheapest one is over $300k. This shows the power of blockchain and how there are more people involved every day.


Total Items 10,000
Total Owners 3,234
Floor price 83.95 ETH
Volume traded $ 2,221,092,022
Blockchain Ethereum
Author LarvaLabs
Date created 2017-06-23


Visit Website

About CryptoPunks NFT collection

So, what are CryptoPunks, and why are they so popular? CryptoPunks are 10,000 unique characters that live on the blockchain. Each character is an NFT (Non-Fungible Token) and you can check the ownership in real-time on the Ethereum blockchain.

The creators behind CryptoPunks are LarvaLabs, also known as Matt Hall and John Watkinson. They have since founded LarvaLabs where they develop new blockchain projects.

Since the collection was already completely minted, you can only purchase CryptoPunks NFT collection from a secondary marketplace now. These marketplaces include most major Ethereum marketplaces like OpenSea.

One of CryptoPunks
CryptoPunks 8348

CryptoPunks wasn’t made on any of the NFT standards commonly used today and it wasn’t possible to buy them on secondary marketplaces. However, that’s when WETH was introduced. WETH or Wrapped Ethereum has the exact same value as Ethereum.

However, WETH is an ERC-20 token that has more functionalities for NFTs.

For example, with WETH you can bid on multiple NFTs, and if you win one auction, your other bids are withdrawn automatically. You cannot do that with regular Ethereum.

LarvaLabs has worked together with ArkGalleryDAO to transfer CryptoPunks into WETH format so they can be traded on secondary markets. Nowadays, you can purchase them on OpenSea or other Ethereum based marketplace.

Wrapped CryptoPunks can be traded without gas fees
Wrapped CryptoPunks

You can always convert Ethereum to WETH and vice-versa. Simply use the convert feature on the marketplace you are using (if available) or use an exchange to do it. Some NFT wallets also have that option.

Initially, CryptoPunks was just an experiment to see how to generate unique characters by a program. Little did they know, their collection helped to improve blockchain technology.

Art Style

CryptoPunks are unique characters in a pixel-art style. Each CryptoPunk has certain traits that actually make them unique. There are 5 different punk types and each punk fits only one type: Alien, Ape, Zombie, Female, Male

Punks can also have from 0 to 7 different attributes. There are 87 different attributes each one can have. Some of these are:

  • Beanie
  • Wild White Hair
  • Cowboy Hat
  • Gold Chain
  • Hoodie
  • Cigarette

Obviously, the rarer the attribute, the higher the punk price will be. Many people argue that the art behind CryptoPunks is too simple to cost that much. However, they are missing the big picture.

CryptoPunks was amongst the first NFT projects on the Ethereum blockchain. You can think of CryptoPunks in the NFT world as BTC is in the crypto world. The most expensive CryptoPunks sold at the moment is CryptoPunks #3100 which sold for 4,200 Ethereum.

Cryptopunk #3300 is very rare
Cryptopunk #3300

About the author

As previously mentioned, Matt Hall and John Watkinson are the authors of CryptoPunks. They have started this collection as an experiment to see if they can create software that will generate unique characters.

Luckily, they have managed to create such software and that’s how the CryptoPunks collection was born. Matt and John are behind a software company called LarvaLabs, and that company is listed as the “author” of this collection.

LarvaLabs has released multiple NFT collections since. One of those collections is Meebits and this collection is also super popular. In a fact, it’s one of the most valuable NFT collections out there.

Think that’s crazy? What if we told you they also made the NFT collection “Autoglyphs” that has a total sales volume of over $71 million?

It seems every NFT collection from LarvaLabs is a hit. Keep an eye on their website and get in early if you want to flip their NFTs for a profit. Note: This is not financial advice, just something we would do.

What blockchain is CryptoPunks collection on?

CryptoPunks’ collection is on the Ethereum blockchain, and there are 10,000 punks in total. 9707 of them are available through the LarvaLabs website. You can buy the remaining 293 punks with WETH on most Ethereum NFT marketplaces.

Those remaining punks were converted through ArkGalleryDAO, so they can be bought with WETH. It’s worth noting that CryptoPunks were out before the NFT standard ERC-721. If you want to auction your punk or sell on an NFT marketplace such as OpenSea, you’ll need to convert it through ArkGalleryDAO.

In fact, this collection was the inspiration for new NFT standards.

That’s why the only primary market is the LarvaLabs website.

However, anyone can make a website for trading CryptoPunks because blockchain is public, but you can’t trade them on the best NFT marketplaces because they follow a different standard (ERC-721 and ERC-1155).

You can buy any of the 294 punks on Ethereum marketplaces though. So, how do you convert a CryptoPunk? Through the ArkGalleryDAO website, just connect your wallet to the website and convert your existing punks to WETH Punks.

Afterward, you’ll be able to trade it on any Ethereum marketplace that supports importing existing smart contracts such as OpenSea, NFTrade, Rarible, and others.

How to buy CryptoPunks NFT?

When we first started with NFTs, it was hard getting a direct answer to this question. Everyone was explaining how to get ETH and how to create an NFT wallet, yet nobody explained the steps for minting. If you want to buy CryptoPunks NFT, follow these steps:

  • Create an NFT wallet
  • Transfer enough ETH to it
  • Go to LarvaLabs official website
  • Check the “For Sale” section – You can expand it by selecting “click here to see all…”
  • Find the punk that you like the most
  • Place your bid on it
  • Wait for the owner to accept your bid – There is a chance that the owner won’t like your offer

As you can notice, you cannot buy CryptoPunks outright. That’s because the collection is pretty valuable and everyone wants to get maximum for their NFTs. Also, it’s the way LarvaLabs has structured its website.

However, you can also bid on any existing punk. You can simply send an open offer and if the owner likes it, he can accept it.

If you want to buy one of the 294 wrapped CryptoPunks, use any NFT marketplace you find them at.

Does CryptoPunks collection have any utility?

Right now, CryptoPunks mostly serve as a store of value. When we compare this collection to some others, it’s easy to see how CryptoPunks doesn’t have any complex utility. However, it will always hold its value just because it was amongst the first NFT collections ever.

You can always use them as your avatar on social media platforms. It’s still unclear what are the exact commercial rights, but what we know from their Discord server is this:

  • You can use CryptoPunks you own for personal, non-commercial projects.
  • Create merch with the “punk” you own and earn up to $100 thousand a year freely.
  • You cannot modify the art
  • You cannot sell a third-party product with your punk on it.

The fact that CryptoPunks are not natively ERC-721 token limits the collection in creating some utility that other projects have. However, if every CryptoPunk owner would decide to wrap it with WETH, perhaps we would see a better utility cause for it.

Right now CryptoPunks are valuable because they are amongst the first NFT collections ever.

Manage Your Listing

Respond to Reviews


December 27, 2021

Sorare NFT Collection Review – December 2021

Sorare is a different NFT collection than what we are used to because it combines real-life and blockchain. Users can collect sports cards with real footballers on them and earn points based on their real-life performance. We’ll do a full review of Sorare NFT collection, so keep reading. Also, users can compete against each other, …

December 22, 2021

Meebits NFT Collection Review – December 2021

Meebits is an NFT collection created by Larva Labs, the same company that’s behind CryptoPunks. There are 20,000 unique 3D Meebits characters. If you want to find out what’s so special about them, keep reading our Meebits NFT collection review. Some people call them 3D punks, and they are indeed similar. However, there are more …

December 18, 2021

0N1 Force NFT Collection Review – December 2021

If you are looking for NFTs with cool art design, 0N1 Force is your answer. These 7,777 uniquely generated collections have more than 100 different assets. If you want to know why it’s one of the most popular collections, keep reading because we are doing a 0N1 Force NFT collection review. 0N1 Force has more …

December 16, 2021

Loot NFT Review – December 2021

This is one of the best community-driven NFT projects out there. Loot is a collection of 8,000 unique items left for anyone to interpret. The developer didn’t define what you can do with it, yet the community found purpose. If you want to learn more, keep reading because we are doing full Loot NFT review. …

December 13, 2021

Bored Ape Yacht Club NFT Review – December 2021

Bored Ape Yacht Club is one of the main reasons why NFTs are so popular right now. It all started when famous people started putting BAYC as their profile picture on social media. Take a look at our boring ape yacht club NFT review and learn what’s the fuss about. Everyone was wondering, why Mark …

December 09, 2021

Axie Infinity NFT Collection Review – December 2021

Axie Infinity is one of the largest NFT collections by sales volume, but also one of the first blockchain games. Users can collect, breed, trade, train and compete against other players with their Axies. If this sounds interesting, keep reading because we are doing an Axie Infinity NFT collection review. This awesome blockchain game was …

December 07, 2021

CryptoKitties NFT Collection Review – December 2021

CryptoKitties is an NFT collection that was so popular at one point that it clogged the Ethereum blockchain. It’s one of the earliest blockchain games and the first NFT breeding game. If you want to know more about this collection, stick around as we are doing a CryptoKitties NFT collection review. If it wasn’t for …

December 02, 2021

Art Blocks NFT Collection Review – December 2021

Art Blocks is more than an NFT collection, it’s a platform. Verified artists can submit their work to the “curated” collection that’s available on the majority of Ethereum NFT marketplaces. We have decided to do art blocks NFT collection review to tell you more about it. Each Art Block collectible is a unique piece generated …

November 29, 2021

CryptoPunks NFT Collection Review – December 2021

CryptoPunks is the most popular NFT collection. It has inspired the creation of the ERC-721 standard for NFTs. So, if you want to learn more about the collection responsible for all the hype NFTs got, keep reading our CryptoPunks NFT collection review. This collection was featured everywhere, from Mashable to New York Times. The funny …

November 26, 2021

NFTrade NFT Marketplace Review – December 2021

NFTrade is the first cross-chain NFT marketplace. What does that mean? Basically, you can buy and sell NFTs from four different blockchains, while almost every other marketplace supports only one blockchain. Keep reading if you want to see a full NFTrade NFT marketplace review. NFTrade Marketplace Specifications Pros and Cons NFTrade NFT marketplace PROS We …

Notify of

Inline Feedbacks
View all comments

You may also be interested in



New York, United States

About CyberKongz NFT collection CyberKongz is an NFT collection built....

View Company


New York, United States

About Sorare NFT collection Sorare is an NFT blockchain fantasy....

View Company


New York, United States

About Meebits NFT collection It all started after the massive....

View Company


New York, United States

About 0N1Force NFT collection What’s the 0N1Force NFT collection? It’s....

View Company