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If you are a VC 💵, Angel 👼🏻 or founder 👷🏻♂️ and want to help build the Gateway to the NFT economy get in touch!
Larva Labs
CreatorRank #1
3Total projects
8Creator sales
$829,808,384NATIVECreator market cap
$421,808NATIVECreator volume
What is Larva Labs?
Larva Labs is a creative technology company that serves as a hub for both professional and experimental projects. The team has an impressive range of experience in developing various software, including large-scale web infrastructure, genomics analysis software, 8-bit roleplaying games, and blockchain-based art projects, among others. Their projects have been recognized by reputable media outlets such as The New York Times and Mashable.
The company has also established long-term relationships with top companies in the industry, including Google and Microsoft, and has spoken at prestigious venues like MIT Media Lab, Harvard Business School, and Christie's Auction House in London. These achievements demonstrate the team's expertise and innovation in the technology industry.
In recent years, Larva Labs has gained attention in the blockchain and cryptocurrency space for its popular line of CryptoPunks NFTs, which may be the most NFT collection ever. Additionally, they offer 3D characters called Meebits and other blockchain and gaming projects. While their NFT selection is limited compared to major marketplaces, their unique offerings and lack of service fees make them an attractive option for collectors and NFT lovers.
Larva Labs can be defined as a dynamic and versatile technology company that has made a significant impact in various industries. Their impressive portfolio of projects, partnerships with major companies, and innovation in the blockchain and cryptocurrency space make them a company to watch in the coming years. The world is always expecting Larva Labs next step.
Who is behind Larva Labs NFTs?
Larva Labs is the company behind one of the most successful NFT projects to date, CryptoPunks. The project was an experiment conceived by Canadian software developers and Larva Labs founders Matt Hall and John Watkinson. Unlike many recent NFT projects, the team didn't set out to create a community, and the project initially started slow.
The collection went live in June 2017, and initially, the NFTs were given away for free to whoever wanted them. However, because you needed an Ethereum wallet to collect one, supply was limited to those who were already invested in crypto. Despite this, an organic community quickly grew around the project, and it has since become one of the world's most expansive and well-known NFT projects.
Early supporters of CryptoPunks, such as now top-tier NFT influencers Pranksy, DaveDave, and SeedPhrase, were quick to realize the value of digital ownership on-chain. Today, many of those who were patient enough to hold onto their CryptoPunks have become multi-millionaires, and the project is regarded as one of the most influential in the NFT space. The success of CryptoPunks has put Larva Labs on the map in the blockchain and cryptocurrency industry and has cemented its position as one of the leading innovators in the space.
Which are the Larva Labs Projects?
One of their most popular projects is CryptoPunks, a unique collection of 10,000-pixel art characters that are represented as non-fungible tokens on the Ethereum blockchain. These collectable tokens are highly sought after by collectors and have become a cultural phenomenon and a way to prove users' status on the Web3 world.
Another project that the Larva Labs team has developed is Meebits, a collection of 20,000 3D characters that were generated randomly and also live on the Ethereum blockchain. These characters are, of course, represented as NFTs. The Larva Labs team has created these characters with an eye for detail, making each one unique and special.
In addition to these two popular projects, Larva Labs has also developed Autoglyphs, which are the first on-chain generative art on the Ethereum blockchain. This project consists of 512 unique glyphs that were created through a collaborative process involving the entire Ethereum community. These glyphs are also represented as NFTs and can be bought and sold on various marketplaces.
Apart from these blockchain-based projects, the Larva Labs team has worked on a variety of software projects, including an endless driving game called Road Trip, an Android Experiment called Boo!, and a chat room app called AppChat. They have also developed a new Android launcher called FlowHome that stylishly organizes system notifications and social network streams into one feed. Another notable project they have developed is Androidify, which started as a small internal project with Google but grew to become the face of the Android global brand. Finally, they have developed BreathPacer, a breathing trainer for iOS with dynamic animations and sound.
Does larva Labs have a Marketplace?
Larva Labs operates marketplaces for both its flagship NFT project, CryptoPunks, and its other NFT project, Meebits. The Larva Labs website is not just a marketplace for NFTs, but it also showcases the company's other projects, including apps, gaming, and blockchain art. Unlike other NFT marketplaces, the layout of the Larva Labs website and the CryptoPunks marketplace is unique, and it may take some time to get used to it.
When purchasing NFTs on the CryptoPunks marketplace or the Meebits marketplace, Larva Labs does not charge any service fees. However, since the marketplaces are built on the Ethereum blockchain, there are gas fees charged by Ethereum for transactions and depending on the activity on the blockchain they can be quite expensive, however, this fact is not related to the Larva Labs Marketplace. The Lava Labs Marketplace, apart from showing the Larva Labs Cryptopunks for sale, features collages of different characters that users can sort based on their types and attributes.
Again, it is important to remark, that the Larva Labs website and the CryptoPunks marketplace are different from other NFT marketplaces, and they may not be beginner-friendly. Nonetheless, if you are interested in browsing CryptoPunks and Meebits, or you want to check out Larva Labs' other projects, then the CryptoPunks marketplace may be the right fit for you.
Does Larva Labs have a token?
Larva Labs, the team behind the popular CryptoPunks and Meebits NFT projects, don’t have a token. Moreover, right now, they don't even have their two most popular NFT projects anymore. The year 2022 saw the sale of the intellectual property rights of these collections to Yuga Labs, the creators of Bored Ape Yacht Club. Definitely, the Yuga Labs Larva Labs deal left everyone speechless and many wonder what is now the Larva Labs valuation.
This move comes at a time when these two avatar projects were seen as fierce rivals in the NFT space. Despite being the leading NFT avatar projects, they have taken different approaches to their collections. While Larva Labs was largely hands-off with its 2017 collection, Yuga Labs has created a membership club with significant benefits and a growing celebrity cachet.
As part of the sale, Yuga Labs acquired a trove of NFT Larva Labs or NFTs owned by Larva Labs. With this acquisition, Yuga Labs plans to shake things up in response to longstanding complaints from some CryptoPunks Larva Labs owners. It's worth noting that Larva Labs doesn't have a token and no longer owns the rights to their two popular NFT collections. This sale marks the end of an era for Larva Labs, however, we cannot say right now that Yuga Labs buys Larva Labs as many people have said. Now, Yuga Labs will focus on developing its other projects, including blockchain art, gaming, and apps. Additionally, there are not a few users that are waiting for the Larva Labs wallet.
What was the Larva Labs Cryptopunk more expensive ever sold?
The world of non-fungible tokens has seen some astronomical sales in recent years, and Larva Labs' CryptoPunks are among the most coveted. In fact, CryptoPunk 7523 holds the title for the most expensive Larva Labs NFT ever sold. This particular NFT sold for a whopping $11.75 million at a Sotheby's auction.
Larva Labs Cryptopunk, the 7523, is one of the rarest alien punks in the collection, with three unique attributes that only 4501 other punks share. Of these, 419 punks, including 7523, wear a knitted cap, and 175 also wear a medical mask. However, it's the gold earring that truly sets CryptoPunk 7523 apart, as it's shared by only 2459 other punks in the collection.
Interestingly, a bid of 20.4K Ethereum, equivalent to $87.64 million, was made and later withdrawn on October 29th, 2021, suggesting that even higher prices can be on the horizon for the rarest Larva Labs CryptoPunks. The sale of CryptoPunk 7523 at Sotheby's is seen as a major milestone in the mainstream adoption of NFTs as a legitimate medium, and it has helped cement the reputation of Larva Labs as a leading player in the NFT market.