Yuga Labs sells CryptoPunks IP to Infinite Node Foundation

Quick Summary:

Infinite Node Foundation (NODE), a nonprofit focused on digital art, has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, NODE said in a May 13 announcement. The acquisition of CryptoPunks, plus its additional $25 million endowment, establishes NODE as “the most well-capitalized nonprofit dedicated solely to digital art in the United States,” the foundation said in an X post. The terms of the deal were not disclosed. The nonprofit said it has assembled an advisory board to oversee the CryptoPunks collection.

It comprises Matt Hall and John Watkinson — the artists behind the NFT collection — and a representative of Yuga Labs, among others. “Our role is to build a networked architecture that allows digital art like CryptoPunks to thrive within both digital and art-historical canons,” NODE said. The highest-grossing CryptoPunks NFTs.

The CryptoPunks collection was launched in 2017 by Larva Labs, an NFT designer co-founded by Hall and Watkinson. Since then, the NFTs have clocked upward of $3 billion in sales, according to NODE.

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Article Details

Author / Journalist: Cointelegraph by Alex O’Donnell

Category: Crypto

Markets: United States

Topics: Foundation According Yuga Nonprofit Node Collection Cryptopunks Nfts Labs Digital

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 17:04:01 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28681878

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