Bored Apes Parent Company Yuga Labs sells CryptoPunks to Infinite Node Foundation for $20M

NFTist Team
May 15
1 min read

Updated: May 19

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-led future for the collection.

To guide this transition, NODE established a “Punks advisory board” led by the collection’s original creators, Matt Hall and John Watkinson, alongside key figures from Yuga Labs and Art Blocks. The foundation plans to debut a full exhibition of all 10,000 CryptoPunks at its new permanent headquarters and gallery in Palo Alto, which will also house an Ethereum node for long-term digital preservation. This shift underscores NODE’s commitment to preserving CryptoPunks as a cornerstone of digital art history while expanding its influence through institutional and decentralized stewardship.

This story was written with the help of Ai.

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