It all began with a comic. Learn more about the digital tokens representing the PUNKS Universe.
The PUNKS PFP is a fast track to Origin City citizenship and bestows upon its owners instant street cred in the wildest town this side of web3. Dig deeper into the wacky personalities, neighborhoods and hotspots only a degen could love.
Meet the PUNKS! Our favorite misfit crew of collectors, rebels, and crypto degens. Born out of the desire to bring NFTs to life, PUNKS Comic gives names, bodies, backstories, and a colorful narrative to some of the metaverse’s most beloved NFT collections.
THIS STORY IS JUST BEGINNING TO UNFOLD... get ready to discover origin city.
New to web3? Below are helpful tips to introduce you to blockchain technology.
What is a blockchain?
A blockchain is a database of transactions, where updates are securely shared across a large network of computers. Transactions, or data, is added in periodic “blocks” which is where the name blockchain is derived from. Transactions on an established blockchain are unable to be modified, making them a secure system of record. Bitcoin and Ethereum are two of the most well-known blockchains.
What is a digital token?
Digital tokens can provide proof-of-ownership of a unique collectible, offer access to experiences, and allow participation in community governance. Digital tokens can be purchased and sold on a blockchain, using cryptocurrencies, ensuring a reliable system of record to confirm ownership of a digital token.
What is a seed phrase?
A seed phrase, also known as a recovery phrase, is a list of 12 to 24 words that provide the holder access to a digital wallet. The seed phrase is primarily used as a backup that can be used to recover a digital wallet in the event it is lost or access is otherwise no longer available. A seed phrase can also be used to transfer your digital wallet to a new device (e.g. if you replace a hardware wallet). Anyone who knows your seed phrase can access your digital wallet and its contents – it is imperative you are cautious and safely store your seed phrase so that only you can access it. One best practice is to never store your seed phrase digitally and to keep a hard copy in a secure location.
What blockchain does PUNKS use?
The PUNKS Universe uses the Ethereum blockchain, and the native cryptocurrency Ether (ETH).
What is a digital asset marketplace?
Marketplaces enable creators and collectors to safely buy and sell previously minted digital assets. This differs from minting new digital assets which would be a direct sale between a project and its collectors.
What is cryptocurrency?
Cryptocurrency, or crypto for short, is a fully-digital form of money that relies on cryptography to securely register transactions on a blockchain. Cryptographic techniques have been used for centuries to secure messages and financial transactions. Modern-day cryptocurrency allows goods and services to be exchanged between parties without a third party (e.g. a bank).
What is a digital wallet?
Digital wallets are applications that allow you to view and interact with your blockchain assets, including digital tokens and cryptocurrencies. A digital wallet allows you to view your balance, send transactions and connect to applications. Digital wallets are cryptographically generated, and keep your blockchain assets secure from unauthorized access. Most digital wallets allow for self custody, ensuring management of digital assets and cryptocurrencies are your responsibility.
Getting started with a digital wallet only takes a few minutes. One of the most popular wallets on the Ethereum blockchain is MetaMask, which can be downloaded as either a browser extension on your computer or as an application on your mobile device. Once set up, MetaMask provides an account number, secure login options, and a seed phrase necessary to recover your account in the event you lose access to your device. For additional security, you may opt for a hardware wallet, which requires access to a physical device to make transactions from your account. Popular hardware wallets include Ledger, Trezor and GridPlus.
What is self custody?
With a digital wallet, the responsibility of keeping assets secure falls on YOU! While digital wallets are cryptographically secure, you hold the keys and are in charge of your own digital assets. With the absence of a third party intermediary, blockchain transactions are irreversible, and it is important to take certain precautions to keep your digital assets safe.
- NEVER share your seed phrase unless you are willing to provide access to your digital wallet.
- NEVER send digital assets or cryptocurrencies to untrusted parties.
- ALWAYS use official channels to trade digital assets such as the Pixel Vault Marketplace.
- ALWAYS verify the individuals and businesses you are transacting with.
Remember, you have custody over your digital assets and cryptocurrencies. Your digital wallet is only a tool for managing what is yours.
How do I purchase Ether (ETH)?
Ether can be purchased through an online exchange such as Coinbase. After you have purchased Ether, it can then be transferred into your digital wallet. Please be aware that online exchanges have limits on the amounts of Ether that can be bought and sold, as well as certain hold periods before Ether can be transferred, depending on the amount and method of purchase.
Where can I buy PUNKS tokens?
Existing PUNKS digital assets can be bought and sold anytime on the official Pixel Vault Marketplace. From time to time, new digital assets may be minted directly from the PUNKS website.