Yuga Labs, often called the creator of Bored Ape Yacht Membership and different notable NFTs, bought its iconic CryptoPunks to the nonprofit NODE Foundation, which focuses on preserving digital artwork. The deal particulars are undisclosed, and a consultant declined to remark. Again in April, NODE introduced it obtained a $25 million grant to “construct the way forward for digital artwork” from investor Micky Malka and Becky Kleiner. The previous is chair of the muse.
Yuga Labs bought CryptoPunks again in 2022 from Larva Labs amid the digital token craze that noticed NFTs promote for thousands and thousands of {dollars}. The best-priced CryptoPunk NFT bought for practically $24 million price of crypto, in accordance with the CryptoPunks website.
The markets have slowed since then, nonetheless. Malka said that CryptoPunks “sparked a cultural motion,” and that NODE will “future-proof this landmark work,” to make it extra accessible for individuals to interact with.