CryptoPunks is one of the most popular and one of the oldest NFTs which are now the most desirable as well as expensive non-fungible tokens (NFT). They are digital avatars that are trading in millions as of now. When defining a CryptoPunk, it is a 24×24 pixel, 8-bit-style unique avatar developed by software developers Matt Hall and John Watkinson in the year 2017.
Matt Hall and John Watkinson wanted to develop a program that could generate thousands of unique avatars. Finally, they created a program that generated 10,000 digital avatars. Each of the avatars is quite different. A single person can own each one of them on Ethereum (ETH) blockchain.
According to Sotheby’s, the auction of a single lot of 104 CryptoPunks NFTs will take place on February 23, 2022, at a live evening auction in New York. In the event, there will also be a panel discussion on the history of NFTs and CryptoPunks.
The current owner of the set of 104 CryptoPunks is an anonymous collector “0×650d” who acquired them at a price of $7 million last July. The anonymous collector acquired them through a single blockchain transaction. However, in the upcoming auction, the lot could fetch anywhere between 20 and 30 million dollars.
To own the set of 104 CryptoPunks, the winning bidder can make the final payment through different payment options including Ethereum (ETH), Bitcoin (BTC), USD Coin (USDC), or fiat currencies. All the transactions would be carried out subjected to laws and regulations.