CryptoPunk non-fungible token (nft) holders are being offered the opportunity to obtain physical prints of their digital art items, according to an October 26 announcement. The items are offered as part of a partnership between online art store Avante Art and CryptoPunks brand owner Yuga Labs. The sale will last only 48 hours. It started on October 26 at 3:00 pm UTC and will end on October 28 at 3:00 pm UTC.
Our printed collaboration with @avant_arte is officially available, only for 48 hours.
Punk On-Chain is available exclusively to CryptoPunk holders at https://t.co/skT1FKTJgB pic.twitter.com/X657IqdgUT
– CryptoPunks (@cryptopunksnfts) October 26, 2023
Avante Art offers two different versions of the CryptoPunks physical collection. The first one is called “Punk-On-Chain”. Each punk owner can order a printed copy of Punk-on-Chain for each digital punk he owns. However, users will need to prove ownership to order a printed copy. This means that people who do not own the chain version cannot purchase its print version.
The second collection is called “10,000 On-Chain”, which is a printed collection of the 10,000 CryptoPunks that is open to everyone. Collectors can purchase the printed version of a 10,000 On-Chain punk even if they do not own the original on-chain version.
The two different versions of each printed punk are distinguished from each other by a variety of characteristics. For example, the 10,000 On-Chain pieces are archival pigment prints with screen-printed varnish stamp, while the Punks-On-Chain pieces are UV pigment prints with white supports. Both versions of each punk contain a holographic Yuga Labs sticker to prove their authenticity.
Punks-On-Chain items also feature a QR code on the back of the print, leading to a digital, blockchain-based Certificate of Authenticity (CoA). As for the 10,000 On-Chain pieces, they are shipped with a physical CoA containing a QR code that leads to the digital CoA, but this QR code is not on the print.
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CryptoPunks was one of the first algorithmically generated art collections to be distributed via blockchain technology. It was developed by the Larva Labs studio and released in June 2017. The pieces were originally free for any user of the ethereum network who wanted to mint them. At the time of this publication, the lowest priced CryptoPunks are selling for approximately $78,000, and the entire collection nft/cryptopunks” target=”_blank” rel=”noopener nofollow”>has a market capitalization of more than $782 million, according to Coingecko data.
Larva Labs sold the CryptoPunks copyright to nft development team Yuga Labs in March 2022.