The Infinite Node Foundation (NODE) announces the acquisition of the intellectual property of Cryptopunks from Yuga Labs

The Infinite Node Foundation (NODE), a nonprofit focused on digital art, announced that it has acquired the full intellectual property rights to CryptoPunks from Yuga Labs. NODE said the deal includes an additional $25 million endowment to support its mission, while multiple reports said the purchase price was around $20 million, though the exact terms were not disclosed. CryptoPunks, created by Larva Labs in 2017, is one of the earliest and most influential NFT collections and is widely seen as a foundational project in the modern digital art movement. NODE said it plans to preserve and contextualize the collection through museum partnerships, a major exhibition of the full 10,000-piece set, and a permanent space in Palo Alto; the foundation also assembled an advisory board that includes the original creators Matt Hall and John Watkinson, along with figures tied to the project’s later history. The acquisition matters because it moves stewardship of a historically important internet-native artwork from a commercial NFT company to a nonprofit dedicated to long-term preservation and exhibition.

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• NODE (x.com)
• The Infinite Node Foundation Acquires CryptoPunks IP from Yuga ... (businesswire.com)

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