Yuga Labs, generally known as the creator of Bored Ape Yacht Club and different notable NFTs, offered 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. Back in April, NODE introduced it acquired a $25 million grant to “construct the way forward for digital artwork” from investor Micky Malka and Becky Kleiner. The former 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 highest-priced CryptoPunk NFT offered for almost $24 million price of crypto, in line with the CryptoPunks web site.
The markets have slowed since then, nevertheless. Malka mentioned 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.
