The $PUNKS token represents 16 CryptoPunks NFTs, which served as the inspiration for the main characters in the Punks comic series. These 16 CryptoPunks have been fractionalized so that the community can own a piece of NFT history. The CryptoPunks have been bundled and collateralized, and are now represented by 100 million ERC-20 fungible $PUNKS tokens on fractional.art.