<ul><li>CryptoPunks, one of the oldest and most valuable NFT brands, is being sold to Infinite Node Foundation, a non-profit focused on preserving digital art, by Yuga Labs, the creator of Bored Ape Yacht Club.</li><li>The terms of the deal between Yuga Labs and Infinite Node Foundation have not been disclosed. Despite the high sales of CryptoPunks in the past, the NFT market has now stagnated.</li><li>Yuga Labs will not integrate the CryptoPunks token collection into their gamified Otherside metaverse. The focus now is on making CryptoPunks relevant in the mainstream art industry.</li><li>Node Foundation intends to showcase all 10,000 CryptoPunks tokens at their permanent exhibition space in Palo Alto and at the Toledo Museum of Art to make them more accessible for scholars, curators, and collectors.</li></ul>

The CryptoPunks NFTs are being sold to a non-profit as their value continues to fall

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