"Yuga Labs' sale of CryptoPunks to NODE Foundation marks a significant move to preserve digital art amidst a slowing NFT market."
"Malka emphasized that CryptoPunks sparked a cultural movement and NODE aims to future-proof this landmark work, enhancing accessibility."
Yuga Labs, the creator of the Bored Ape Yacht Club, has sold CryptoPunks to the NODE Foundation, which is dedicated to preserving digital art. The details of the transaction remain undisclosed, but it comes after NODE had received a significant grant of $25 million to support its mission. Yuga Labs had previously acquired CryptoPunks during the height of the NFT market, when some individual pieces sold for extraordinary sums. With the current slowdown in markets, NODE aims to ensure these iconic NFTs remain culturally relevant and accessible.
Read at TechCrunch
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