Bitcoin NFTs are the talk of the Web3 world right now, thanks to a new way to “mint” media and assets on the layer-1 blockchain through the Ordinals project. And, as with many past NFT network launches, cloned versions of Ethereum’s early and influential CryptoPunks are dominating the early buzz around Ordinals. CryptoPunks, created by Larva Labs in 2017, is a seminal NFT project that set the template for the modern profile picture (PFP) trend. The 10,000 Ethereum assets were initially released via a free mint, well before there was a thriving NFT market, but have gone on to generate almost $2.5 billion worth of trading volume in the years since.

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