Build Millions Worth NFTs Like CryptoPunks: Extend Your Business Scope
Today, the world of NFTs has exploded in popularity, with artists and musicians embracing the technology to showcase their work to the audience. But it’s not just art and music taking the NFT world by storm — digital collectibles have also emerged as a significant player. In particular, unique collectibles like CryptoPunks have captured the imaginations of collectors and enthusiasts alike, with the value of these distinctive creations skyrocketing to millions of dollars.
Wondering how to start creating CryptoPunks-like NFTs? Here, we’ll look into the step-by-step process of creating NFTs like CryptoPunks, so one can join the exciting world of NFTs and create their own unique digital collectibles. Let’s dive in!
Cryptopunks & Their Popularity
Digital collections have become a popular way to make money with the latest trends, and CryptoPunks are leading the way. One of these NFTs recently sold for $11.8 million in 2021, driving up the value of NFTs and opening up new profit opportunities.
It is arguably the most popular and valuable NFT collection today. Each of the 10,000 unique avatars in the CryptoPunks collection is a one-of-a-kind digital artwork with distinctive features. They are highly sought after by collectors and investors alike, driving up their value and making them a hot commodity in the NFT market.
CryptoPunks are also significant in that they were developed before introducing the ERC-721 standard on the Ethereum blockchain. This means they were among the first NFT projects to emerge, paving the way for many others.
Also, the association with the profile picture (PFP) trend is yet another diamond to CryptoPunk’s crown. PFPs have become a popular way for people to express their personalities online. The unique nature of CryptoPunks’ avatars has made them a highly desirable choice for users. As a result, they have become a status symbol among collectors and investors, with some of the rarest avatars fetching millions of dollars at auction.
Types of CryptoPunk NFTs
The charming Cryptopunks collection, based on its accessories and features, comes in 5 types.
- Male
- Female
- Ape
- Alien
- Zombie
And it is also notable that they aren’t just limited to these 5 types and come with many other distinct characters as well!
How Are CryproPunks’ Value Determined?
To state the potential market value of a CryptoPunk NFT, the following needs to be taken into account
- NFT rarity
- Value estimators
- Selected NFT type
- Demand & supply in the market
How to Create NFT Like CryptoPunks?
Below are some basic steps to help create an NFT like CryptoPunks.
- Select an Art
Choose art that is really liked or preferred. Like CryptoPunks uses avatars, alien faces, etc., making sure what kind of art to use for the NFT is the major part.
2. Have Some Ether Handy
To bring immense success to the NFT project, it is necessary to have sufficient Ethers in hand. Creating NFTs like CryptoPunks might cost a lot. But holding the right amount of Ethers and consulting the best NFT development company will make things both time and cost-efficient.
3. Choose a Marketplace
There are several NFT marketplaces, such as OpenSea, Mintable, etc., where one can feature the created NFT. According to the funds and NFT genre created, choose a suitable platform for the created NFTs.
4. Develop NFT like CryptoPunks
Next, connect the wallet to the selected platform. This will allow minting the Cryptopunks-like NFT tokens and saving the preferred artwork. Make sure to upload the unique artwork in every NFT token created.
5. Trade CryptoPunks Clone Tokens
Present the created artwork to the audience that will let them purchase it and thereby enable credit gaining. Thus, it is possible to have a passive income by creating and trading NFTs like CryptoPunks!
Celebrities Owning Crypto Punks
Snoop Dogg: Snoop Dogg is the proud owner of nine CryptoPunks, one of the earliest and most valuable NFTs. His wallet contains about $17 million worth of Ethereum NFTs, including his collection of CryptoPunks.
Logan Paul: Logan Paul owns five CryptoPunks, with the most expensive one, #2294, selling for $163,003 in February 2021.
Serena Williams: At the 2021 Met Gala, Serena Williams caused a stir with her partner Alexis Ohanian’s lapel pin featuring her goat-themed Cryptopunk NFT, valued at $280,000.
Marshmello: Marshmello managed to keep his interest in NFTs hidden for some time, but fans discovered his collection of various NFTs when he changed his Twitter profile picture to feature his Punk #8274. Eventually, he sold this Punk for 130 ETH, equivalent to $504,068.
Business Scope of Creating NFTs Like CryptoPunks Effortlessly
Cryptopunks started as a playful and entertaining concept. Still, their value skyrocketed, attracting more investors interested in NFT collectibles. With a market value of nearly $400 million and one of its pieces, 3100, being sold for over $7 million, Cryptopunks has reached unprecedented popularity and support.
Compared to the early days of CryptoPunks, many advanced features and companies now provide NFT token development services, making it easier for anyone to launch a successful NFT business with expert assistance.
So, what next? Enjoy the lucrative benefits by generating NFTs like CryptoPunks soon!
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