From the Editor's Desk

CryptoPunks Proved People Will Pay Lots of Money for Digital Tokens

If you think about it too much, it seems kind of crazy that anyone would drop six figures for a digital rendering of a punk. But the surprise success of CryptoPunks showed that people will do exactly that and anticipated the rise of a new form of digital asset.

Created by artists John Watkinson and Matt Hall of Larva Labs, CryptoPunks are a set of 10,000 one-of-a-kind, pixelated illustrations of characters sporting mohawks, smoking cigarettes, and generally looking colorfully countercultural. On June 23, 2017, Larva Labs made non-fungible tokens (NFTs, or digital proof of ownership) representing each of the Punks available for free to anyone with an Ethereum blockchain wallet.


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