summary: Wrapped Cryptopunks are ERC721 tokens that are 1:1 backed by original Cryptopunks created by Larva Labs, allowing for easy conversion into cash and listing on m...
content: Wrapped Punks are ERC-721 tokens, each one backed 1:1 by an original Cryptopunk by Larva labs. Wrapped Cryptopunks is a smart contract that converts the original Cryptopunks by Larva Labs into standard ERC-721. Once a Cryptopunk is wrapped, it can be converted into cash, and also be listed in marketplaces like Opensea and Rarible or NFTfi. An ERC-721 CryptoPunk can be easily converted back into its original ERC-20 form. The wrapping and unwrapping processes take place on Wrapped PUNKS and can be done with a MetaMask wallet containing a CryptoPunk. Cryptopunks Cryptopunks are Non-Fungible Token (NFT) collections created on Ethereum (ETH) and inspiration for the ERC-721 standard that powers most digital art and collectibles. The collection was founded by software developers Matt Hall and John Watkinson in 2017. The CryptoPunks are 24x24 pixel art images that were generated algorithmically. Most are punky-looking guys and girls, but there include a few rarer types mixed in apes, zombies, and even the Alien CryptoPunk. Every punk has its own profile page that shows its attributes as well as its ownership/for-sale status. In March 2022, Yuga Labs acquired Cryptopunks and Meebits from Larva labs. 