OpenSea has delisted CryptoPunks v1 as a legal battle rages on

Due to a legal issue with Larva Labs, OpenSea, the world's largest NFT marketplace, has delisted CryptoPunks V1.


The 10K collectibles are derived from the same smart contract as Larva Labs' collection, and are very similar to the legendary CryptoPunks NFTs.
CryptoPunks NFT | Image: NiftyZone

The 10K collectibles are derived from the same smart contract as Larva Labs' collection, and are very similar to the legendary CryptoPunks NFTs.


V1 CryptoPunks was blacklisted by Larva Labs as more collectors flocked to the project. OpenSea controversially delisted the whole collection, and the community is outraged.


In the ongoing CryptoPunks V1 vs V2 conflict, the V1 has once again been delisted from Opensea following a takedown notice from Larva Labs.


While it is still unclear whether CryptoPunks V1 is what it claims to be legally, many members of the community appear to have made up their minds.



Since its publication alongside the more popular CryptoPunks v2 collection, some have questioned the veracity of CryptoPunks v1. However, as whales boosted volume on LooksRare and other rival sites, CryptoPunks v1 has gained traction in recent weeks.


OpenSea's attempt to overcome the prohibition appears to have backfired in the midst of the present court battle, adding to a string of occurrences that have recently eclipsed the primary NFT marketplace.


For a long period, OpenSea had the CryptoPunks v1 series removed. The series, on the other hand, has only recently premiered on sites like LooksRare.


The original ban was revoked by OpenSea as a result of this gaining recognition. The entire volume of the wrapped CryptoPunks v1 series had hit 315.44 ETH ($974,000) and was still operating at the time of writing.


The debate over the authenticity of this NFT series appears to be heating up. Creator Velinova.eth commented in the official CryptoPunks v1 Discord:


“We have been in contact with a top-tier IP Attorney from the US who has advised us that we are lawfully able to carry on in the trade of these CryptoPunks."

In addition, the statement says, "Given we have now been publicly threatened with legal action by Larva Labs, and that we have been advised that their legal options are slim and perhaps frivolous, we wish to inform that we will challenge vehemently any attempt to bully, intimidate or cause damage to V1 or V2 CryptoPunk holders.”