NFT phenom CryptoPunks was just sold to a nonprofit

Yuga Labs, known arsenic the creator of Bored Ape Yacht Club and different notable NFTs, sold its iconic CryptoPunks to the nonprofit NODE Foundation, which focuses connected preserving integer art. The woody details are undisclosed, and a typical declined to comment. Back successful April, NODE announced it received a $25 cardinal grant to “build the aboriginal of integer art” from capitalist Micky Malka and Becky Kleiner. The erstwhile is seat of the foundation. 

Yuga Labs purchased CryptoPunks backmost successful 2022 from Larva Labs amid the integer token craze that saw NFTs merchantability for millions of dollars. The highest-priced CryptoPunk NFT sold for astir $24 cardinal worthy of crypto, according to the CryptoPunks website.

The markets have slowed since then, however. Malka said that CryptoPunks “sparked a taste movement,” and that NODE volition “future-proof this landmark work,” to marque it much accessible for radical to prosecute with.