Key Takeaways:
- The Infinite Node Foundation has acquired IP rights to CryptoPunks from Yuga Labs and received a $25M endowment.
- An advisory board including CryptoPunks’ creators and digital art figures will oversee the collection’s preservation.
- CryptoPunks, with over $3B in total sales, is recognized as a cornerstone of digital art and NFT culture.
The Infinite Node Foundation (NODE), a nonprofit focused on digital art preservation, has acquired the intellectual property (IP) rights to the CryptoPunks NFT collection from Yuga Labs.
Announced on May 13, the deal includes a $25 million endowment, making NODE the most well-capitalized nonprofit dedicated solely to digital art in the U.S.
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
Financial terms were undisclosed.
NODE also formed an advisory board that includes CryptoPunks creators Matt Hall and John Watkinson, a Yuga Labs representative, and other digital art leaders.
NODE aims to establish a networked architecture where digital art like CryptoPunks can thrive in both the digital and art-historical spheres.
Launched in 2017 by Larva Labs, CryptoPunks is one of the most influential NFT collections, with over $3 billion in total sales and a market cap of $1.2 billion.
Its most expensive sale reached nearly $24 million in 2022.
Yuga Labs, which bought CryptoPunks and Meebits in 2022, recently sold Meebits and announced that the SEC closed its investigation, calling it a win for NFTs.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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