Yuga Labs sells CryptoPunks IP to Infinite Node Foundation
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The foundation is a nonprofit devoted to "safeguarding internet-native culture." The sale price is undisclosed.
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.
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