Infinite Node Foundation (NODE), a nonprofit focused on digital art, has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, NODE said in a May 13 announcement.
The acquisition of CryptoPunks, plus its additional $25 million endowment, establishes NODE as “the most well-capitalized nonprofit dedicated solely to digital art in the United States,” the foundation said in an X post.
The terms of the deal were not disclosed.
The nonprofit said it has assembled an advisory board to oversee the CryptoPunks collection. It comprises Matt Hall and John Watkinson — the artists behind the NFT collection — and a representative of Yuga Labs, among others.
“Our role is to build a networked architecture that allows digital art like CryptoPunks to thrive within both digital and art-historical canons,” NODE said.
The highest-grossing CryptoPunks NFTs. Source: <a data-ct-non-breakable="null" href="https://cryptopunks.app/cryptopunks/topsales" rel="nofollow noopener" target="_blank"