• CryptoPunks: pixelated avatars that the wealthy are snapping up for millions of dollars

    12 days ago - By Business Insider

    Image: CryptoPunks / Larva Labs
    Image: CryptoPunks / Larva Labs
    Millionaires are clamoring to buy CryptoPunks, the funky digital avatars shaking up the art world.
    These 10,000 unique characters are worth almost $400 million - the cheapest CryptoPunk costs $37,638.
    Billionaire Shalom Meckenzie just bought a rare "Covid Alien" avatar for over $11.7 million .
    See more stories on Insider's business page .
    These pixelated avatars, known as "CryptoPunks," were first released in 2017 by creators Matt Hall and John Watkinson as an experiment. The characters, initially available for free, are now...
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