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Bored Apes Parent Company Yuga Labs sells CryptoPunks to Infinite Node Foundation for $20M
Yuga Labs has transferred the intellectual property rights of the iconic CryptoPunks NFT collection to the Infinite Node Foundation (NODE), a non-profit focused on supporting digital art. Alongside the IP transfer, NODE received a $25 million endowment—an amount it claims surpasses the total digital art funding of all major U.S. cultural institutions. NODE emphasized that this move represents a “liberation” of the CryptoPunks ethos, enabling a more decentralized, community-le
May 151 min read
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