Owners of CryptoPunk nonfungible tokens (NFTs) have been presented with the opportunity to obtain physical prints of their digital artworks as a result of a collaboration between online art retailer Avant Arte and CryptoPunks brand owner Yuga Labs, as announced on October 26. This exclusive sale is set to last 48 hours, commencing on October 26 at 3:00 pm UTC and concluding on October 28 at 3:00 pm UTC.
Two distinct versions of the physical CryptoPunks collection are available for purchase on Avant Arte. The first, titled “Punk-On-Chain,” allows punk owners to commission a print copy of each digital CryptoPunk they possess, on the condition that they can verify ownership. This stipulation ensures that only actual punk owners can acquire the corresponding print version.
The second collection, named “10,000 On-Chain,” is an assemblage of prints of all 10,000 CryptoPunks, available for purchase by anyone, irrespective of whether they own the original on-chain version or not.
There are distinct features that differentiate the two versions of printed punks. For instance, the 10,000 On-Chain prints are archival pigment prints with a silkscreen varnish seal, whereas the Punks-On-Chain prints are UV pigment prints with white underpins. Both versions include a Yuga Labs holographic sticker as a mark of authenticity.
Additionally, the Punks-On-Chain items are furnished with a QR code on the reverse side of the print, linking to a blockchain-based digital Certificate of Authenticity (CoA). In contrast, the 10,000 On-Chain prints come with a physical CoA containing a QR code that directs to the digital CoA, but this QR code is absent from the print itself.
CryptoPunks, released in June 2017 by Larva Labs, was among the first algorithmically generated art collections distributed via blockchain technology. Initially, Ethereum network users could mint the pieces for free. At present, the lowest-priced CryptoPunks are valued at approximately $78,000, with the entire collection boasting a market capitalization exceeding $782 million, as per CoinGecko data.
In March 2022, Larva Labs transferred the copyrights for CryptoPunks to fellow NFT development team Yuga Labs.
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