Infinite Node Foundation announces acquisition of crypto stamps from Yuga Labs

The Infinite Node Foundation announced Tuesday that it has acquired "full intellectual property" from Cryptopunks, one of the oldest and most famous NFT series.

The two agencies announced Tuesday that the Infinite Node Foundation has acquired Cryptopunks' "full intellectual property" from Yuga Labs, one of the oldest and most famous NFT series.

The two agencies announced Tuesday that the Infinite Node Foundation has acquired Cryptopunks' "full intellectual property" from Yuga Labs, one of the oldest and most famous NFT series.

Infinite Node Foundation is an emerging arts nonprofit founded by venture capitalists Meyer "Micky" Malka and Becky Kleiner, dedicated to protecting digital art. The organization has an advisory board with members including key figures in the Web3 field, such as Wylie Aronow, co-founder of Yuga Labs, Erick Calderon, founder of Art Blocks, and Matt Hall and John Watkinson, founders of larva Labs, who are also the original creators of Cryptopunks.

Infinite Node Foundation is an emerging arts nonprofit founded by venture capitalists Meyer "Micky" Malka and Becky Kleiner, dedicated to protecting digital art. The organization has an advisory board with members including key figures in the Web3 field, such as Wylie Aronow, co-founder of Yuga Labs, Erick Calderon, founder of Art Blocks, and Matt Hall and John Watkinson, founders of larva Labs, who are also the original creators of Cryptopunks.

Cryptopunks is an NFT series created by Hall and Watkinson in 2017 on the Ethereum blockchain. The series consists of a set of punks that can be used by the owner as avatars for social media accounts, and is one of the first NFTs to attract public attention and is known for the 2021 NFT boom.

Cryptopunks is an NFT series created by Hall and Watkinson in 2017 on the Ethereum blockchain. The series consists of a set of punks that can be used by the owner as avatars for social media accounts, and is one of the first NFTs to attract public attention and is known for the 2021 NFT boom.

In 2022, Yuga Labs, the parent company of the Bored Ape Yacht Club NFT series (which is undoubtedly the next major collection to enter the mainstream vision), acquired the rights to Cryptopunks, and the transaction amount was not disclosed. Since then, the NFT market has experienced a total collapse.

According to a report released by Nftevening last August, the NFT market has been in a severe recession since 2023, with 95% of NFTs considered "death", and an average of NFT holders lost 44.5% of their investments.

Although Infinite Node did not disclose the purchase price of Cryptopunks, Crypto News website NFT Now reported that multiple sources said the nonprofit paid about $20 million.

Although Infinite Node did not disclose the purchase price of Cryptopunks, Crypto News website NFT Now reported that multiple sources said the nonprofit paid about $20 million.

“Cryptopunks has sparked a cultural movement that blends code, community and business,” Malka said in a press conference. “By combining museum-level conservation with evergreen donations, we intend to make this landmark work easier for scholars, curators and collectors to interact with.”

“These punks were created for real decentralization and have become a defining example of digital permanence and online network effects,” Hall and Watkinson said. “The Node Foundation was created to explain and promote these ideas as a new medium of art and is an ideal long-term home for punk.”

“These punks were created for real decentralization and have become a defining example of digital permanence and online network effects,” Hall and Watkinson said. “The Node Foundation was created to explain and promote these ideas as a new medium of art and is an ideal long-term home for punk.”

Cryptopunks are already in the collection of some museums, including Miami, LACMA and Pompidou Center.

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