What is CryptoPunks?

CryptoPunks are one of the most well-known and highly valued collections of non-fungible tokens (NFTs) in the crypto industry. CryptoPunks were released in 2017 on the Ethereum blockchain and are characterized by the cyberpunk and London punk genres. After several years of maturation, many CryptoPunks have been auctioned off for millions of dollars. Apart from a highly sought-after reputation, the collection is verifiably limited to 10,000 punks. CryptoPunks were one of the first ever tokenized collections that initiated the ERC-721 standard for NFTs.