The Beginner's Guide To Metaverse by Armstrong Mike

Author:Armstrong, Mike
Language: eng
Format: epub, azw3, pdf
Published: 2022-01-22T16:00:00+00:00

14° Chapter: What Is Cryptopunks And What Are CryptoKitties?

10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. This is the project that inspired the modern CryptoArt movement.

Cryptopunks are the first "non-fungible token" in history on Ethereum and the inspiration for the ERC-721 standard that powers most digital artwork and collectibles.

CryptoPunks are precisely 10,000 uniquely generated characters. No two are exactly alike, and each can be officially owned by a single person on the Ethereum blockchain. Initially, they could be claimed for free by anyone with an Ethereum wallet, but all 10,000 were quickly claimed. Now they have to be purchased by someone through the marketplace that is also embedded in the blockchain. Through this marketplace you can buy, bid and offer punks for sale. Punks with a blue background are not for sale and do not have any pending bids. Punks with a red background are available for sale from their owner. Finally, punks with a purple background have an active bid on them.

There is a code on the blockchain that anyone can use to buy and sell Punk with anyone else in the world. An interesting aspect of this system is that there is no longer any control over the code that runs CryptoPunks. Once it is released on the blockchain, it has been permanently embedded there, where it can no longer be modified by anyone.

How do I get Punks?

Download and install a Chrome browser plug-in called MetaMask. This will allow websites (that you authorize) to access your Ethereum account.

If you have created a new account, purchase some Ethereum. The MetaMask plugin has a button that will allow you to purchase Ethereum from Coinbase.

Once the plug-in is installed, this site will recognize it and add buttons that will allow you to bid, buy and sell punk directly in the interface.

For example, you can buy Punk # 2648 for 21.75 ETH.

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