Yuga Labs Offloads CryptoPunks in $20M Power Move—Infinite Node Foundation Now Holds the Keys

NFT giant Yuga Labs just cashed out its crown jewels—the iconic CryptoPunks collection—for a cool $20 million. The buyer? The Infinite Node Foundation, a shadowy entity that probably has a PowerPoint deck titled ’Web3 Synergies.’

Who got the better deal? Depends who you ask. Yuga frees up capital (and regulatory headaches), while Infinite Node bags bragging rights—because nothing screams ’crypto credibility’ like paying eight figures for JPEGs.

One thing’s certain: in a market where ’utility’ is just a buzzword, this deal proves legacy NFTs still move needles. Or at least, bank accounts.

Read More

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.