CryptoPunks Becomes Second Ethereum-Based NFT Project

On August 28, CryptoPunks, a popular non-fungible token (NFT) project, broke the $1 billion mark in all-time sales, becoming only the second NFT project to do so. According to NFT aggregation site, CryptoPunks, which consists of 10,000 Ethereum-based NFTs, is currently in second place with an all-time sale of $1.16 billion. CryptoPunks is now ranked second, behind heavyweight Axie Infinity, with $1.65 billion in sales.

Only weeks after Axie Infinity reportedly surpassed the $1 billion sale mark on August 8, CryptoPunks surpassed it.

CryptoPunks have made sales worth $25 million in the last 24 hours, according to data from CryptoSlam. Only Art Blocks ($28 million) outsold the others. CryptoPunks' dominance in the NFT market is also evident in the figures from the last seven days, with chart-topping sales of over $408 million.

Larva Labs, a software company run by American developers Matt Hall and John Watkinson, founded CryptoPunks in 2017. Originally, the NFT characters, known as Punks, were intended to be used in a videogame, but they were later released as NFTs. There are currently over 10,000 Punks on the platform, with 6,039 males and 3,840 females. There are 88 Zombie Punks, 24 Ape Punks, and 9 Alien Punks among the Punks. Hall and Watkinson kept 1,000 of the Punks for themselves and gave the rest to the community.