The Infinite Node Foundation (NODE) has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, according to a May 13 announcement. Alongside the acquisition, NODE also received a $25 million endowment, positioning it as the most well-capitalized nonprofit dedicated solely to digital art in the United States.
The Infinite Node Foundation (NODE) is pleased to announce the acquisition of the intellectual property of @cryptopunksnfts from @yugalabs.
— NODE (@nodefnd) May 13, 2025
Launched by Larva Labs in 2017, CryptoPunks are widely regarded as the catalyst for the modern digital art movement. Their $3.07B in sales… pic.twitter.com/RQ6apT8A3o
Advisory Board to Oversee CryptoPunks Collection
NODE has established an advisory board to manage the CryptoPunks collection, including Matt Hall and John Watkinson — the original creators of the NFT series — as well as a representative from Yuga Labs. “Our role is to build a networked architecture that allows digital art like CryptoPunks to thrive within both digital and art-historical canons,” NODE stated in its announcement. However, the financial terms of the acquisition were not disclosed.
Also Read: R0AR NFT Holders Prepare for $1R0R Airdrop Snapshot as Token Surges 900%
CryptoPunks: The Most Valuable NFT Collection
CryptoPunks, launched in 2017 by Larva Labs, is widely recognized as the most valuable NFT collection, with a market cap of nearly $1.2 billion as of May 13, according to CoinGecko. The collection has amassed over $3 billion in sales, including a record-breaking $24 million sale for a single CryptoPunk NFT in 2022.
Yuga Labs initially acquired the collection in 2022, alongside Meebits, another Larva Labs creation. While Yuga Labs sold Meebits earlier this year, CryptoPunks now falls under NODE’s control, marking a new era for one of the NFT sector’s most iconic collections.
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