by Hodler Ash 
Just imagine a small image that is about 24 pixels by 24 pixels in size! It is not any bigger than the icons that you would see on good old Nokia phones and almost close to the images of super Mario that you would see on your eight-bit consults.
How much would you be willing to spend for one search image? Yes… You might have a figure in mind and let it stay!
What if we told you that the minimum price for such a creation is in the order of about $30,000 and the maximum price that people are willing to pay is somewhere close to $10 million?
Welcome to the world of CryptoPunks!
What are CryptoPunks? As you may have guessed from the description given above, CryptoPunks are unique characters that are mostly aliens wearing a signature headgear that exists on the blockchain. Every CryptoPunk is unique and you can be assured that there is no other CryptoPunk that exists similar to each other.
On the surface, it might seem like it is yet another creation but CryptoPunks hold a massive significance and one of its manifestations is making the world go crazy today! We are talking about non-fungible tokens, commonly abbreviated NFTs.
Looking back at CryptoPunks
It is only towards the end of 2020 that people started to recognize the awesomeness of NFTs. CryptoPunks, in this context, can be considered the Neanderthals of the NFT revolution.
CryptoPunks were created by two curious people Matt Hall and John Makinson. They never imagined that it would become such a phenomenon soon.
By most of them, it is considered to be the first NFT ever. It predates the “actual” NFTs by a few months at least as a concept, and it can be considered a mighty senior to the mini NFT manifestations like NBA top shots.
What do CryptoPunks signify?
The fact that people are willing to pay more than $30,000 for something as simple as a 576 Pixels is a resounding testimony to the uniqueness that you can create without any complications.
It can rightly be said that CryptoPunks TV for NFTs and artists. If NFTs can be considered the finest point of confluence between art and technology, then CryptoPunks NFTs should be given the credit for encouraging artists to create more of this art because if a CryptoPunk can be sold for more than $30,000, any crypto art could make a good sale!
It is to be noted that next to the legendary NFT sale of Beeple’s art, a couple of CryptoPunks were sold for $7.5 million each, and that too, within 20 hours of each other. It is probably important news that got buried into oblivion because there was some bigger news! There are more than 10,000 CryptoPunks that have been created so far, and this is a phenomenal number considering the fact that it was launched early in 2017 and the first few CryptoPunks were claimed for free.
What does this mean for crypto collectibles?
Earlier, a “collectible“ used to be defined by a plethora of attributes. Today, at least in the NFT world, there are many more dimensions to the status of a collectible than what would be in the real world!
CryptoPunks served to prove that anything better than them could survive and succeed in the world of NFT collectibles. An NFT Digital Collectible like CryptoPunk can be considered the epicenter of the NFT revolution and it is only from there that everything radiated. Whatever we see today in the areas of virtual real estate, sports, art, music, and even digital representation of physical art can all be considered offshoots of CryptoPunks.
What does this mean for a business?
CryptoPunks and the two manifestations are here to stay. If CryptoPunks can be sold for such high prices, developing your own NFT like Cryptopunks is surely a viable business idea bound to be profitable at least in the near future.
The infinite possibilities with NFTs in the field of sports, art, celebrities, collectibles, and real estate make it a great candidate for any aspiring entrepreneur to invest in.
Conclusion
All that is left for you to do is to invest in CryptoPunks Like NFT Development. You could consider specializing in a specific niche, so you gain depth rather than reach. Everything said, the market is still nascent which means it is wide and open.
It might not be possible to create another revolution like CryptoPunks but it does not mean that it is the end of the road. Since the entire technology itself is relatively new, every innovation can be considered the harbinger for many that will follow.
All said, building NFT Digital Collectibles like CryptoPunk will remain relevant. Just like how Amazon does not compromise its relevance irrespective of e-commerce taking different avatars, the Cryptopunks NFTs Platform will also remain to be a dependable and profitable business line, especially for anyone who wants to invest in the crypto space.
