Wrapped Punks are ERC-721 tokens, each one backed 1:1 by an original Cryptopunk by Larva labs. ^[2]

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^[1]. ^[3]

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^[6] and can be done with a MetaMask wallet containing a CryptoPunk. ^[5][7]

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. ^[9]

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. ^[10]

In March 2022, Yuga Labs acquired Cryptopunks and Meebits from Larva labs. ^[8]