US EditionNFT phenom CryptoPunks was just sold to a nonprofit
- On May 13, 2025, the Infinite Node Foundation, a recently formed nonprofit organization, secured ownership of the CryptoPunks intellectual property from Yuga Labs, based in Palo Alto, California.
- Yuga Labs previously bought CryptoPunks' IP in 2022 and transferred it to NODE to protect long-term value, community interest, and guard against third-party exploitation amid debate among digital asset investors.
- Launched by the team at Larva Labs in 2017, CryptoPunks is a collection of 10,000 distinctive pixel art characters recognized for their lasting impact on digital culture, pioneering role in NFTs, and inclusion in prominent museum exhibitions and academic study.
- The Infinite Node Foundation announced a $25 million endowment to steward CryptoPunks through preservation, community, and expansion, with advisors including Yuga co-founder Wylie Aronow and Larva Labs founders Matt Hall and John Watkinson.
- This acquisition positions NODE as a leading nonprofit in digital art conservation, aiming to future-proof CryptoPunks while prompting calls from leaders like Julian Klymochko to create a publicly traded entity for broader access and capital into NFTs.
24 Articles
24 Articles
CryptoPunks Find New Home
Yuga Labs, the powerhouse behind popular collections like Bored Ape Yacht Club, has transferred the intellectual property (IP) of the iconic CryptoPunks NFT collection to the Infinite Node Foundation. The move marks a new chapter for one of the most influential projects in the history of digital art, placing its stewardship in the hands of a non-profit organization dedicated to its long-term preservation.While the exact financial terms of the de…
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BlockworksYuga Labs sells CryptoPunks to new nonprofit in focus shift
This is a segment from The Drop newsletter. To read full editions, subscribe. Once a behemoth in the NFT world, Yuga Labs has been gradually selling off the IP it owns. It’s already said goodbye to the Meebits, Legends of the Mara, and HV-MTL. The latest? Yuga has sold the CryptoPunks to a new foundation, dubbed the Infinite Node Foundation, roughly three years after acquiring the rights from Larva Labs in 2022. Last month, Node was created and …
Infinite NODE Foundation Acquires CryptoPunks IP – #CryptoUpdatesGNIT
Infinite Node Foundation (NODE), a newly formed nonprofit based in the United States, has acquired the intellectual property rights to the popular NFT collection CryptoPunks. NODE has announced plans to exhibit the full 10,000-piece collection in a new physical space in Palo Alto, California. The transition marks a change in governance from private ownership to nonprofit management, with NODE aiming to focus on preservation and public access rat…
CryptoPunks Acquired for $20M—Floor Price Skyrockets on Surprise Sale - Crypto Economy
TL;DR CryptoPunks changed hands for the second time in three years; NODE acquired the collection from Yuga Labs for around $20 million. NODE plans to open an exhibition space in Palo Alto and will run a full Ethereum node to ensure digital preservation. The community welcomed the acquisition, but doubts remain about whether NODE will maintain the current holders’ commercial rights. CryptoPunks, one of the most iconic collections in the NFT ecos…
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