Yuga Labs Enters New Chapter with Sale of CryptoPunks to NODE Foundation

Yuga Labs, the pioneering company behind the popular Bored Ape Yacht Club (BAYC), has recently offloaded its ownership of the iconic CryptoPunks NFT collection to the Infinite Node Foundation (NODE). This move signals a significant shift in the digital art landscape as Yuga Labs seeks to ensure the long-term preservation and cultural significance of the CryptoPunks series. 🌳 🎨 The sale, reported by The Block, follows community criticism regarding Yuga Labs’ recent project management and raises hopes for a more stable future for the iconic collection.