Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and Otherside metaverse, has transferred the intellectual property (IP) of CryptoPunks, one of the most valuable NFT collections, to NODE, a California-based nonprofit organization dedicated to preserving digital art. Funding long-term preservation of the entire CryptoPunks collection. With this...
The sky isn't falling. The NFT market isn't dead. Yuga Labs transferring the CryptoPunks IP to NODE isn’t the death knell. It’s all good, hard, and exciting stuff, a long overdue shedding of skin, a strategic pivot in place, and maturity on display. Let's dig into why.Data Shows A Market...
Alright, let's talk Punks. You've probably seen the headlines: Yuga Labs dumped the CryptoPunks IP to NODE. Instant reaction? Most likely something like “RIP Punks,” or perhaps an even more colorful sentiment. What if this apparently apocalyptic gambit is the mother of all checkmates? Or it might be a strategic...
The custodianship, and ownership, of The CryptoPunks—the little pixelated avatars that launched a digital art movement—has changed hands. Last year, Yuga Labs purchased the rights to the entire collection. They have since passed the IP to NODE, a non-profit institute. This move raises some important questions: Is this a strategic...
The potential Non-fungible Tokens (NFT) market within the healthcare system is anticipated to reach $53 billion by 2030. So by 2024, it’ll have grown to a USD 177.3 million valuation. Revenues are projected to continue the same robust growth trend, bringing anticipated revenues to USD 934.1 million by 2034. That...
Charles Hoskinson, the founder of Cardano, has teased the chance at something pretty special. He proposes that Midnight, a privacy-preserving blockchain platform, would be able to provide free transactions by using NFTs. This Allied concept provides users with a fixed number of fee-free transactions per day. That’s the same thing...
NFT giant Yuga Labs – the founder of Yuga and controlling owner of Yuga – recently purchased the intellectual property (IP) of CryptoPunks, the first well-known Ethereum-based NFT collection. Both CryptoPunks and the Infinite Node Foundation publicly acknowledged the transaction on X.com. This announcement is arguably the biggest news yet...
The NFT world just witnessed a seismic shift: Yuga Labs, after weathering community discontent, offloaded CryptoPunks, the crown jewel of NFTs with a staggering $1.2 billion market cap, to the Infinite Node Foundation (NODE). The short-term response? A classic smash-and-grab price gouge, first more than 8%, now under an impressive...
The news hit like a rogue wave: Yuga Labs, after facing community backlash, sold the IP rights to CryptoPunks to the Infinite Node Foundation (NODE). Immediately, the CryptoPunks floor price jumped. But beyond the short-term market reaction, a far more interesting question emerges: Is this the start of a new...
The NFT space is full of twists and turns. The NODE Foundation’s recent purchase of CryptoPunks has most certainly made a splash! Unsurprisingly, the CryptoPunks floor price responded almost instantly. It saw a significant increase, rising as much as 10% in short order. What’s driving this pump, and is it...
