CryptoPunk owners offer physical versions of their NFTs for 48 hours.
Holders of CryptoPunk's non-perishable tokens (NFTs) are being offered access to physical prints of their digital artwork, according to an announcement on October 26. The items are being offered as part of a partnership between online art store Avante Art and CryptoPunks brand owner Yuga Labs. The sale will last for 48 hours only. It started on October 26 at 3:00 pm UTC and ends on October 28 at 3:00 pm UTC.
Our print collaboration with @avant_arte is officially live – for 48 hours only.
Punk On-Chain is only available to CryptoPunk owners at pic.twitter.com/X657IqdgUT.
— CryptoPunks (@cryptopunksnfts) October 26, 2023
Two different versions of the physical CryptoPunks collection are being offered at Avante Art. The first one is called “Punk-On-Chain”. Each punk owner can give each digital punk a copy of the Punk-on-Chain print. However, users must verify ownership to reserve a print copy. This means that individuals who do not own the on-chain edition cannot purchase the print edition.
The second collection is called “10,000 On-Chain”, which is a public collection of all 10,000 CryptoPunks open to anyone. Collectors can purchase a print version of the 10,000 On-Chain Punk even if they don't own the original on-chain edition.
Two different versions of each printed punk are characterized by different features. For example, the 10,000 On-Chain pieces are archival ink prints with a silkscreen varnish seal, while the Punks-on-Chain pieces are UV ink prints on white backs. Both versions of each punk have a Yuga Labs holographic sticker to ensure authenticity.
Pnks-On-Chain items also feature a QR code on the back of the print, which leads to a blockchain-based Certificate of Authenticity (CoA). About 10,000 On-Chain pieces will be shipped with a physical CoA that has a QR code that leads to a digital CoA, but this QR code is not on the printout.
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CryptoPunks is one of the first algorithmically generated art collections to be distributed via blockchain technology. It was developed by Larva Labs Studio and released in June 2017. The coins were initially free to any user of the Ethereum network. At the time of publication, the lowest price of CryptoPunks sold is about $78,000, and the entire collection has a market value of more than $782 million, according to data from Coingecko.
Larva Labs sold the CryptoPunks copyright to NFT development group Yuga Labs in March 2022.