The digital art world witnessed a significant shift today as the Infinite Node Foundation (NODE), a non-profit dedicated to digital art, acquired the intellectual property rights for CryptoPunks from Yuga Labs. This acquisition marks a pivotal moment for the NFT landscape and promises a new era for one of the most iconic collections in history. The news was announced via NODE’s official X account, revealing that they received a substantial $25 million endowment along with ownership of the CryptoPunks IP. 10,000 algorithmically-generated pixel art avatars known as CryptoPunks have enjoyed immense popularity and success since their launch in 2017. The collection’s market capitalization now nears $1.2 billion according to CoinGecko data and has achieved a staggering $3.07 billion in total sales. To ensure the future of this iconic NFT collection, NODE has assembled an advisory board featuring CryptoPunks’ original creators Matt Hall and John Watkinson, along with Yuga Labs representatives and other prominent digital art stakeholders. The foundation aims to preserve and promote CryptoPunks as a significant figure in digital art history while fostering its continued evolution within the broader art world.