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Yuga Labs Sells CryptoPunks IP to Infinite Node Foundation in $20M Deal
Yuga Labs Sells CryptoPunks IP to Infinite Node Foundation in $20M Deal
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Yuga Labs, the creator behind the Bored APE Yacht Club NFT collection, has transferred the intellectual property rights of CryptoPunks to the Infinite Node Foundation (NODE) for $20 million. The non-profit organization, dedicated to advancing digital art, also received a $25 million endowment—reportedly surpassing the cumulative digital art funding of major U.S. cultural institutions.
Launched in 2017 by Larva Labs, CryptoPunks is credited with igniting the modern NFT movement, amassing $3.07 billion in lifetime sales. The acquisition underscores the growing institutional recognition of blockchain-based art as a cultural and financial asset.
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