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NFT phenom CryptoPunks was just sold to a nonprofit

  • Yuga Labs, the creator of Bored Ape Yacht Club, sold CryptoPunks to the nonprofit NODE Foundation, focused on preserving digital art.
  • The deal details remain undisclosed, and a $25 million grant was received by NODE Foundation in April to develop the future of digital art.
  • Yuga Labs acquired CryptoPunks in 2022 amid the NFT craze, where the highest-priced NFT sold for nearly $24 million.
  • Malka mentioned that CryptoPunks sparked a cultural movement and NODE aims to make this landmark work more accessible for people.

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