$72,000Initial Offering Marketing Cap
$10.00Initial Offering Share Price
09/2021Initial Offering Date
In 2017, Larva Labs released 10,000 CryptoPunks — computer-generated 24×24 pixelated characters stored on the blockchain. Originally these Punks, known as one of the earliest NFTs, were available for free to anyone with an ETH wallet. In the years since, almost $400 million has been spent in the CryptoPunk marketplace. Each Punk has its own unique characteristics of varying rarity, which plays a large role in their valuation. #PUNK9670 is a Female CryptoPunk numbered 9670. As 1 of 3,840 Female Punks, #PUNK9670 has two characteristics: Crazy Hair (1 of 414) and Nerd Glasses (1 of 572).
“Punks reside at the heart of the NFT and crypto ecosystem.”— Sotheby’s | June 2021
Larva Labs release 10,000 CryptoPunks available for free to anyone with an Ethereum wallet. Ethereum address 0xcbd482 claims #PUNK9670.
The New York Times asks, “Will Cryptocurrencies Be the Art Market’s Next Big Thing?” The piece explains that at the time of the writing, “Coveted “punks” are now selling for 10 Ether, or about $13,500.”
PBS publishes a story titled: “How blockchain technology could revolutionize the art market.”
0xcbd482 tranfers #PUNK9670 to Ethereum address 0X577ebc.
0X577ebc sells #PUNK9670 to Ethereum address Pranksy for 9 ETH ($14,775).
Bloomberg cites a report from NonFungible.com claiming the overall NFT market was worth $250 million in 2020, a 299% increase from 2019. Larva Labs co-founder Matt Hall says, “The miracle of digital is that copying was perfect and free. This is reversing part of that — which is kind of weird.”
Pranksy sells #PUNK9670 to Ethereum address 0xef784c for 29.99 ETH ($54,026).
NFTs arrive in popular culture with a splash as the artist Beeple sells “Everydays — The first 5,000 Days” for $69 million at Christie’s Auction House, the third-highest auction price ever achieved by a living artist. In their coverage of the sale, the New York Times calls CryptoPunks the top-sellers in the NFT art world.
Rally enters into an agreement to acquire #PUNK9670 and offer it on the Rally platform.
The CryptoPunk aesthetic was inspired by the London punk movement of the ‘70s — a reflection of the countercultural origins of the early blockchain movement.Invest Now
|Initial Offering Share Price||$10.00|
|Number of Shares||7,200|
|Initial Offering Market Cap.||$72,000|
|Storage Location||Rally Metamask Wallet|
|Type Rarity||1 of 3,840 (Female)|
|Accessories||Nerd Glasses, Crazy Hair|
|Accessory Rarity||1 of 414 (Crazy Hair)|
|Accessory Rarity||1 of 572 (Nerd Glasses)|
|Date of 1st Claim||June 23, 2017|
|Proof of Ownership||Ethereum Blockchain|