CryptoPunks Shatter Expectations as Digital Art Market Goes Supernova

NFT blue-chips roar back as Ethereum’s OG collectibles notch record sales—just as traditional art investors finally ’get it.’

Subheader: From internet meme to Sotheby’s darling in 5 messy years

The pixelated pioneers—once dismissed as a crypto fad—now command prices that make Warhols look thrifty. Yesterday’s 9,000% gains have hedge funds scrambling to explain why they dismissed ’cartoon JPEGs’ in their 2021 investor letters.

Closing jab: Meanwhile, your financial advisor still thinks ’blockchain’ is a type of Peloton accessory.

CryptoPunks Transaction

Introduced by Larva Labs in 2017, CryptoPunks catalyzed the modern digital art movement. The 2021 bull market saw prominent figures and artists adopting these NFTs as their profile images, creating notable buzz. With over $3 billion in sales, creators Matt Hall and John Watkinson became leading figures among living artists who have achieved high sales and revenue.

The collection, an algorithmically generated array of 10,000 unique pieces, has been acquired by Infinite Node Foundation (NODE), who now holds the intellectual property rights.

Future of CryptoPunks

CryptoPunks, a beacon of freedom on the internet, is poised to enter a new phase. NODE aims to propel this brand forward by implementing an advanced governance model based on three pillars.

Firstly, by utilizing advanced blockchain infrastructure, they intend to ensure the technological integrity and longevity of CryptoPunks. The aim is to build a participatory ecosystem by bridging with art enthusiasts. Additionally, they aspire to create environments to explore, exhibit, and appreciate CryptoPunks as both technological innovations and artistic achievements.

To achieve these expansive goals, NODE has formed an advisory board. Among its members are Matt Hall and Watkinson from Larva Labs, Wylie Aronow (gordongoner) from Yuga Labs, and Erick Calderon from Art Blocks.

“With over $377 million in secondary sales this year alone, CryptoPunks has surpassed all living contemporary artists but is absent from mainstream art world rankings and discourse. NODE actively seeks to bridge this cultural divide by redefining how digital art is experienced.

This vision kicks off with the opening of NODE’s permanent center and exhibition space in Palo Alto, presenting a comprehensive exhibition of the 10,000-piece collection. Here, NODE will host a full Ethereum$2,578 node to enhance the accessibility and permanence of the housed artworks.” – Infinite Node Foundation (NODE)