The Infinite Node Foundation, which recently purchased CryptoPunks’ intellectual property from Yuga Labs, has a new ownership structure. This is a big moment in the rapidly growing digital art and NFT space. This acquisition is intended to help CryptoPunks reach even more people and for even more people to experience and learn about this legendary collection.
One of many “creators, builders and thinkers” that make up the NFT community, Micky Malka resides in New York City. He underscored the cultural importance of CryptoPunks, stating that they “ignited a cultural revolution.” This simple phrase goes a long way to sum up just how much CryptoPunks have changed the face of the digital world since their creation.
In order to advance this transformative initiative, Malka was able to secure an equally impressive $25 million grant. This funding will allow NODE Foundation to continue their work “building the future of digital art”. In April, the announcement of the grant by investor Micky Malka and Becky Kleiner. That’s why their mission is to future-proof this landmark work. Using this funding, the foundation intends to use a combination of strategies to improve accessibility and encourage engagement with CryptoPunks.
The 10k CryptoPunks Collection has been in the news of late with many record-setting sales. One NFT in the collection sold for a staggering almost $24 million in cryptocurrency! This is an incredibly large number that shows the level of demand, interest, and opportunity available in this new NFT space. For those interested in tracking top sales within the collection, CryptoPunks maintains a dedicated website that provides real-time updates on sales data: CryptoPunks Top Sales.
This acquisition is an important step towards preserving the legacy of CryptoPunks. With the help of NODE, the foundation has been working to steward it for future generations. Malka and his team are on a mission to broaden access to this ever-evolving digital masterpiece. They are creating new programs to allow a wider range of people to experience these unique digital assets.
“build the future of digital art” – NODE Foundation