CryptoPunks NFT Sold to Nonprofit for Digital Art Legacy
Yuga Labs sells iconic CryptoPunks NFT to NODE Foundation to preserve digital art. Here's what it means for the future of NFTs.
Matilda
CryptoPunks NFT Sold to Nonprofit for Digital Art Legacy CryptoPunks NFT Sold to Nonprofit: What It Means for the Future of Digital Art What happened to CryptoPunks? If you’ve been searching for the latest update on the iconic NFT collection, here’s the news: Yuga Labs , the powerhouse behind Bored Ape Yacht Club, has officially sold CryptoPunks to the NODE Foundation , a nonprofit dedicated to preserving and advancing digital art . This move is being seen as a significant moment in the evolution of NFTs— shifting focus from speculative trading to long- term cultural value. While financial terms remain confidential, the transaction marks a new chapter for one of the most valuable and culturally influential NFT collections ever created. Image Credits:CryptoPunks The CryptoPunks NFT collection , originally launched by Larva Labs and later acquired by Yuga Labs in 2022, has played a pivotal role in shaping the NFT landscape. At its peak, one CryptoPunk sold for nearly $ 24 million in crypto assets— solidifying its place as a blue- chip d…