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Yuga Labs sells CryptoPunks rights to Infinite Node Foundation
By: cryptosheadlines|2025/05/14 12:15:05
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Yuga Labs, the Web3 company behind Bored Ape Yacht Club, has sold the intellectual property rights of the CryptoPunks NFT collection to the Infinite Node Foundation. The move, announced by the foundation on Tuesday, marks a significant shift for one of the most iconic NFT collections. Originally created in 2017 by Larva Labs, CryptoPunks consists of 10,000 pixel-art characters that have become synonymous with early digital art culture and the rise of blockchain-based ownership.The Infinite Node Foundation is a nonprofit focused on the preservation and exhibition of digital art. The foundation said it plans to expand the legacy of CryptoPunks through preservation, academic study, and physical exhibitions. Museum-partnership programIt will launch a new museum-partnership program and debut a curated show featuring all 10,000 Punks at its upcoming permanent exhibition space in Palo Alto, California. The space will also include a live Ethereum (ETH) node to emphasize the on-chain nature of the works.“With this acquisition, we’re building an architecture that allows CryptoPunks to be understood and studied as part of both art history and internet culture,” said NODE chair Micky Malka.NODE’s advisory board includes key figures such as Matt Hall and John Watkinson (the creators of CryptoPunks), Yuga Labs co-founder Wylie Aronow, and Art Blocks founder Erick Calderon. The foundation is the first nonprofit to fully acquire the IP of a major internet-native artwork.Yuga Labs acquired CryptoPunks from Larva Labs in 2022 but had signaled from the start that its goal was long-term preservation, not commercialization.“We always knew Punks needed a permanent home built for preservation,” said Aronow.Despite generating over $377 million in secondary sales in 2024 alone, CryptoPunks have remained largely outside the traditional art world. Source link
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