How Can Create NFT Like Cryptopunks? First, you need to learn to create an NFT, and second, you need to understand the value of Cryptopunks and learn to promote your NFT.
Cryptopunks are different in the eyes of different people. Some people regard it as a hyped pixel jpg picture, which is of no use except for speculation and hype. Some people regard it as the original classic application of generative art in the blockchain, and think that CryptoPunks is a new kind of artwork, some people regard it as a collectible, and some people regard it as a status symbol of the circle. There are many ways to create cryptopunks NFTs.
How can create NFT like Cryptopunks? Easy steps
Most of them follow the same steps outlined below.
Step 1: Choose your property
The first step in making your own NFT is to choose an asset. The assets you turn into NFTs can be just about anything: digital music albums, 3D models of characters, passes to events, or even real-world items like stocks or gold bars. When you’re brainstorming NFTs that your item might represent, remember that the best collectibles are unique and rare.
If your asset is too common, it has no value, because anyone can easily create an NFT to represent it, and no one will want to buy yours.
Step 2: Determine the functionality of your token
The next step is to decide how you want your NFT to function within its network. To do this, you need to consider: how people will interact with the NFT (what functions will it be able to perform). How other projects interact with it (how your NFT interacts with others). This largely depends on the blockchain network you want to host your NFT on.
For example, if you want to use your tokens in a decentralized game, it is important that users can use NFTs to generate and store in-game currency. Otherwise, players will not be able to purchase or collect resources.
Step 3: Set up your wallet
Once you start trading, you will need a digital wallet to store your NFTs. You can quickly set up a wallet and load it with passwords on many different platforms, including: MetaMask,
Alpha Wallet, Trust Wallet, Coinbase Wallet. Once you have set up your wallet, make a note of your wallet address. You will need this later to create your NFT.
Step 4: Register as a property owner
To create an NFT, you will need the private key of the wallet that represents the asset you want to tokenize. You can then head to the NFT marketplace to mint your NFT on the blockchain. You need to register your wallet and then follow the steps to properly register your NFT.
Ethereum and Ethereum-based NFTs are widely available, but if you use a different blockchain platform, you may need to do some research on the best market for your asset.
Each marketplace attracts different buyers and sellers, so you will want to choose a marketplace that has a proven track record and meets your requirements.
Step 5: Set up your NFT
When you register with NFT Marketplace, you will be asked to enter some information about your NFT features, numbers and dates.
You’ll also need the wallet’s address (which you created in step 3) and the wallet’s private key (which you created in step 4).
Updating your NFT is as easy as visiting the marketplace, uploading your NFT information and updating its metadata. You can then list it on the marketplace of your choice to start trading right away!
Step 6: Bid your NFT
Some makers just want to create and display their NFTs without trading them, but if you want to start buying and selling your NFTs ASAP, you can list them in an auction.
These blockchain auctions work similarly to real-world auctions. When you put your NFT up for bidding, it will be sold to the highest bidder at the end of the auction. You will then receive the winning bid purchase price in cryptocurrency minus the market’s transaction fees.
Step 7: Celebrate your new NFT success
Congratulations, you are now an NFT creator!
Once you have set up the process for the first time, creating and minting new NFTs is simple. You can create as many projects as you want, and you can use your projects to explore new business models, test existing ones, or even create games with blockchain-powered currencies.
What are Cryptopunks?
CryptoPunks was completed by two software developers (Matt Hall and John Watkinson) using a pixel art generator. It has random features, including skin color, hair, sunglasses, etc., and a total of 10,000 punk avatars with 24*24 pixels are generated. Of those, 6,039 were men, 3,840 were women, 696 wore lipstick and 303 had muttonchops. There are 286 punks with 3D eyes, 128 with red faces, 94 with braids, 78 with teeth, 44 with beanies, and 8 punks with no obvious features, and one is very scarce and has 7 attributes, it is #8348, has a big beard, buck teeth, smokes, wears earrings, a mole, wears a classic color, and a top hat. In addition to human punks, CryptoPunks also has 88 green-skinned zombie punks, 24 long-haired ape punks, and 9 light blue-skinned alien punks.
Each of the 10,000 Cryptopunks is unique, but there are random characteristics, and some punks are even rarer. For example, there are only 9 alien punks.
When it was launched in 2017, through the introduction of KOL, within 20 hours, 8,600 Cryptopunks were claimed, and these were claimed for free.
Judging from its debut process, it is far less famous than CryptoKitties, which caused congestion in Ethereum at that time. But these CryptoPunks have an important feature: there are only 10,000 of them, which conforms to the crypto community’s instinctive preference for non-inflation, and is also given a cultural interpretation by the community. CryptoPunks had a certain popularity among the early crypto art circles, and most people who participated in it: either already had one or wanted one. This was an important support for the early development of CryptoPunks.
Some people set these punk pixel avatars as Twitter avatars, which remind them of themselves, family members, friends or famous people. These associations can have a significant impact on their purchases. There are also some users who simply like these punk avatars very much. They think that these avatars make them excited, so they just like them.
Back then, Matt Hall and John Watkinson were conducting a small experiment on the Ethereum blockchain: personal ownership of digital goods. They chose the password friend pixel avatar as the practice direction. In their view, the spirit of punk is independent and nonconformist. Its aesthetic core comes from the punk movement in London in the 1970s. Some movies and novels have also deepened these aesthetic connotations, such as the movie “Blade Runner” and William Gibson The novel “Neuromancer” and so on.
The two founders also mentioned when talking about generative art: “The advantage of generative art is that once the process starts, it will produce results that surprise us. We run the generator hundreds of times, look at the results and make adjustments.” After the contract was later deployed on Ethereum, the last CryptoPunks were set in stone.
The reason why Cryptopunk becomes an encrypted collectible is that it is different from Cryptokitties or other game collectibles. It has a fixed upper limit of only 10,000. At the same time, like other NFTs, each one is different, cannot be tampered with and verifiable.
It is also different from traditional collectibles. Its transaction records run on the chain and cannot be faked. In addition, it was endowed with the cultural core of the crypto community, and driven by the crypto community, it eventually became a groundbreaking work of crypto generative art.
How to make your NFT as valuable as Cryptopunks?
If you are lucky enough to own a CryptoPunks and set it as the avatar of your social media account, it will definitely attract the envy and onlookers of many people. Because there are only 10,000 such avatars, with it, you have the same capital as Shopify founder Tobi Lutk and Dallas Mavericks owner Mark Cuban.
As one of the most expensive NFTs, CryptoPunks has rich and diverse sources of value, an important aspect of which is its historical status. It is necessary to understand the pioneering value of CryptoPunks and its impact on later NFTs.
CryptoPunks was born in June 2017 and is one of the earliest NFT projects in Ethereum. The CryptoPunks NFT contains 10,000 pixel images generated by an algorithm, and each NFT is randomly composed of several different properties. At present, the market value of CryptoPunks has risen from US$60,000 when it was launched to US$1.66 billion, and its cumulative sales have reached US$2 billion.
Operating basis
CryptoPunks runs on Ethereum, a platform that allows anyone to execute computer code on the blockchain and store the results permanently. The CryptoPunks development team has written code that exists on Ethereum, and anyone can use the code to trade Punk with other people in the world; but the CryptoPunks development team cannot control the operation of the CryptoPunks code. Once the team publishes the code on the blockchain, it is permanently embedded in the chain and can no longer be modified by anyone. Therefore, this system allows users to verify the only 10,000 Punks in the blockchain, ensuring that the development team cannot transfer the corresponding Punks from users, and to a large extent guarantees the authenticity of the relevant code content.
Discord chat community
The Discord Chat community supports all CryptoPunks NFT holders to speak in it, while visitors cannot participate in discussions and ask questions, but can only browse user discussion records. In this forum, users frequently discuss various NFT projects, which is an important channel to understand how NFT traders think. Larva Labs also designed a bot in the forum that publishes its NFT bids, offers, and transactions in real time.
Value analysis
CryptoPunks has always been respected as the veteran of the NFT industry. At present, the price of CryptoPunks NFT generally reaches six to seven figures, which is in great contrast to the free claim when it was first launched. As of October 10, 2022, the lowest price of CryptoPunks NFT on sale has reached 66.6ETH (approximately $87,800).
Since NFT is a non-fungible encrypted token, which means that NFT has unique attributes, each NFT has a different price. Generally speaking, the following factors will be considered when evaluating the value of CryptoPunks NFT.
Scarcity
Much of the value of NFTs comes from their scarcity, and the same goes for CryptoPunks. The total number of CryptoPunks NFT available for purchase is only 10,000, which has caused the price to rise from the perspective of supply and demand. Also, no two Punks are the same in CryptoPunks. Although CryptoPunks NFT has a variety of character types, most of them are based on humans, and only a few are based on apes, zombies and aliens. Therefore, from the perspective of character scarcity, compared with relatively scarce non-human characters, human-themed CryptoPunks are more common, and the selling price is relatively low. And there are only 9 alien characters, and their average selling price within 90 days And the lowest selling price are much higher than other types.