Ecosystem or Project Analysis

    Cryptopunk in 2023

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    CryptoPunks

    What is a CryptoPunk?

    The CryptoPunks are 24x24 pixel art images, generated algorithmically. Most are punky-looking guys and girls, but there are a few rarer types mixed in: Apes, Zombies and even the odd Alien. Every punk has their own profile page that shows their attributes as well as their ownership/for-sale status

    10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement. Selected press and appearances include MashableCNBCThe Financial TimesBloombergMarketWatchThe Paris ReviewSalonThe OutlineBreakerMagChristie's of LondonArt|BaselThe PBS NewsHourThe New York Times in 2018 and again in 2021. The Cryptopunks are one of the earliest examples of a "Non-Fungible Token" on Ethereum, and were inspiration for the ERC-721 standard that powers most digital art and collectibles.

    What exactly is going on here?(constructive words)

    Cryptocurrency was made famous by Bitcoin, but Bitcoin is designed just to transact and store ownership of Bitcoin itself. We are using a successor to Bitcoin called Ethereum which allows for arbitrary computer code to be executed on the blockchain and the results of the execution to be stored forever. This is pretty cool! Normally code is run on a server somewhere and you basically need to trust the person running the server. Ethereum lets everyone execute the code, show each other what result they got, and agree that the code was executed properly and fairly.

    We have written code that lives on the blockchain that anyone can use to buy and sell Punks with anyone else in the world. An interesting aspect of this system is that we no longer have any control over the code running CryptoPunks! Once we released it onto the blockchain it became permanently embedded there and can no longer be modified by anyone. This is scary for us as developers because we worry about bugs, but it is also a very powerful feature of the system. It allows a user verify that there are indeed only 10,000 punks, check that we can't steal them from you, and basically make sure that everything we told you about the code is true.

    How do I get a Punk?

    Download and install a Chrome browser plugin called MetaMask. This will allow websites (that you authorize) access to your Ethereum account. If you made a new account, buy some Ether. The MetaMask plugin has a button that will allow you to buy Ether from Coinbase. Once you have the plugin installed, this website will recognize it and add buttons that allow you to bid on, buy and sell punks directly in the interface. For example, you can buy Punk #7938 for 67.49 ETH ($99,682.73 USD).

    What does NFT mean?

    NFT stands for "non-fungible token" At a basic level, an NFT is a digital asset that links ownership to unique physical or digital items, such as works of art, real estate, music, or videos. NFTs can be considered modern-day collectibles

    Is it worth buying an NFT?

    Some of the advantages of investing in NFTs include: Anyone can invest in NFTs. Investing in tokenized assets is accessible to everyone. Asset ownership that is tokenized into an NFT can more easily and efficiently be transferred among people anywhere in the world.

    Can I create my own NFT?

    yes , If you want to create a series of NFTs, you can use a collection to do so — on Rarible, you can create one right from the NFT creation screen, which the NFT you're making will be added to. On OpenSea, you'll have to go to your profile picture in the top right, then go to My Collections > Create a collection.

    Are NFT really just pictures?

    Image result

    NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell

    Is selling NFT easy?

    So in short: Yes, it is hard to sell an NFT unless you already have an audience. As with anything, you need to find your buyers, and they don't come just because you uploaded something on a marketplace or website.

    What kind of art sells on NFT?

    The short answer is: any kind of art can be sold as a non-fungible token. These can be easily minted on NFT marketplaces and sold to willing buyers as soon as the artwork is available. Minting an NFT involves converting your art into crypto collections or digital assets recorded on the blockchain.

    Who decides the price of an NFT?

    The mint price for an NFT is determined by the creator or creators of the NFT. Creators have the ability to set the minting price at whatever they choose. As a general statement, minting prices are often below . 1 ETH for most projects so a wider number of purchasers can afford to buy.

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    The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain. Via this market you can buy, bid on, and offer punks for sale.

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    I have extracted some information from the FLIPSIDE tables and displayed it for you here

    In the charts below, the number of NFTs sold is shown on a daily basis.

    On jan 19, 14 nfts were sold, which is the highest number of NFTs sold per day.

    in August 2021, **2726 nfts** were sold, which is the highest number of nfts sold for **cryptopunk** to date.

    The chart below shows the average (price per NFT) and total NFTs sold in USD

    The chart below is very interesting and attractive. On feb 6, the total number of NFTs sold was over $2.3 million and the average was over 292000 usd .

    In October 2021, a total of over $671 million worth of cryptopunk NFTs were sold, with an average sale of $1.87 million.

    In the chart below you can see the price of NFTs sold daily, in USD and ETH

    On the daily chart of feb 6, over 2.3 million cryptopunks have been sold, and over 1.44 thousand Ethereums were paid to buy cryptopunk nfts.

    In October 2021, a total of over $671 million NFTs were sold and over 161 thousand Ethereums were exchanged to buy NFTs.

    Well now let's look at the buyers and sellers on a Daily basis

    This is also a very interesting statistic and a very good comparison

    In the chart below, we can see the many fluctuations that cryptopunk buyers and sellers had in June and February .

    On JAN 8 , 5, the largest number of buyers and sellers was recorded, with 11 buyers and 12 sellers.

    On August 23, 2021, the largest number of buyers and sellers was recorded, with 251 buyers and 233 sellers.

    The chart below shows the buyers and sellers and the total ETH exchanged daily

    On February 6, there were 8 buyers and 6 sellers The total amount of purchases and sales was more than 1.44 Ethereum

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    Top 10 buyers

    BUYER_ADDRESSNFT_SALESCOUNT(DISTINCT TOKENID)PRICE_USD
    10x26206caca89d7047dad7e3a15f18f0614a4b82d2111385743.29
    20xd082239e2592dd3ae19727fc25783f0ad0bf69a755948835.86
    30x51eac3daa1c34f5c2874aa62097ac9965a180b6d66709337.73
    40xe0cc6ab3c0b5c12c53836a4b94589be4a857317b55594533.56
    50xbbaec56b725a0b9501a655d7d1b48555af637b7055526927.78
    60x95b2917b823bafd819acec46f45c6744b9c545a555483076.76
    70xb1e5cfe3ce44422f5a1124875dfe7c15320cd7fa11455619.92
    80x90ce73cad357e796703df77c5d7762bc0602624644439569.33
    90x18f2368ab4816dd390e894a9a5b14a5e6dabf88c11420754.08
    100xc9ff792d842ce164478d810437834725e4aa330e11390230.4

    > order by price_usd DESC

    Top 10 sellers

    SELLER_ADDRESSNFT_SALESCOUNT(DISTINCT TOKENID)PRICE_USD
    10x0232d1083e970f0c78f56202b9a666b526fa379f45425548369.51
    20x8721cf071c5e68ad361fc7f3f988483f80818505772152134.85
    30x1919db36ca2fa2e15f9000fd9cdc2edcf863e68517171703770.17
    40xe0cc6ab3c0b5c12c53836a4b94589be4a857317b55999088.89
    50xcc2a855946a3c20683858fe6ee15acf8b836f0b388853388.75
    60xbbaec56b725a0b9501a655d7d1b48555af637b7077799944.66
    70x04657e98fc090e57624e29bae92139a439cd542977687103.84
    80xd082239e2592dd3ae19727fc25783f0ad0bf69a755571719
    90xe15a6630445ba0975de2c5a3a9ad45b15f7d4c7e22485184.38
    100xc52650d88793cf5fc0295bee9ae49284e67fecb111480979.58

    > order by price_usd DESC

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