Yuga Labs Transfers CryptoPunks IP to Infinite Node Foundation
The IP behind the CryptoPunks collection has been transferred to the Infinite Node Foundation. The nonprofit will steward the project with a $25 million endowment and a newly formed advisory board.
On this page
Yuga Labs has officially transferred the intellectual property of CryptoPunks to the Infinite Node Foundation, a nonprofit focused on preserving digital art.
The initiative aims to ensure long-term stewardship of one of the earliest NFT series.
- Backed by a $25 million endowment, the foundation will develop a global curatorial program in collaboration with major art institutions.
- A newly formed advisory board, composed of prominent figures in the space, will help deepen the academic and collector engagement with the CryptoPunks legacy.
According to the announcement, the foundation plans to launch a series of exhibitions and educational initiatives in the coming years.
Created by Larva Labs in 2017, CryptoPunks consists of 10,000 unique pixel avatars that sparked a true digital art revolution.
Related: CryptoPunks Seller Pleads Guilty to Tax Fraud Over NFT Windfall
Acquisition Terms and Strategic Goals
While the deal’s financial terms remain undisclosed, the Infinite Node Foundation aims to combine museum-grade preservation with sustainable funding. The $25 million endowment will serve as a “perpetual fund,” ensuring long-term care for the collection and supporting broader initiatives in digital art.
Related: BAYC and ApeCoin Creators Acquire Tokenproof Tech Team
Additionally, the foundation stated that, with its current endowment ($25 million), it is now the most well-capitalized nonprofit in the U.S. dedicated solely to digital art.
CryptoPunks sparked a cultural movement that blended code, community, and commerce,
said Micky Malka, chair of the Infinite Node Foundation, emphasizing the importance of pairing preservation with academic exploration.
Advisory Board and Key Figures
The newly formed advisory board includes:
- Matt Hall and John Watkinson, co-founders of Larva Labs and creators of CryptoPunks in 2017
- Wylie Aronow, co-founder and CEO of Yuga Labs
- Erick Calderon, founder of Art Blocks
When Yuga acquired CryptoPunks’ IP, it wasn’t just about ownership—it was about honoring a cultural icon we believed in,
said Wylie Aronow, highlighting the company’s long-term vision to preserve and protect the brand’s legacy.
Related: Daniel Alegre: An Interview With the CEO of Yuga Labs
Natalie Stone, current General Manager of CryptoPunks at Yuga Labs, will join the advisory board as an adviser and will oversee the transfer of assets and communication between Yuga Labs and the Infinite Node Foundation.
Market Reaction and Future Plans
Following the announcement, the floor price of CryptoPunks NFTs surged over 19% in a week (around $124,000), boosted in part by a 45% rise in ETH (CryptoPunks are minted on Ethereum).
The foundation plans to debut the first exhibition showcasing all 10,000 CryptoPunks at a dedicated venue in Palo Alto, U.S. In parallel, it will launch a global museum partnership program aimed at research sharing and international curation.
The Infinite Node Foundation views preservation, community engagement, and contextual expansion of digital art as the three pillars of a new era for NFTs.
Related: OpenSea Seeks SEC Guidance on NFT Marketplace Legal Status
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
