Yuga Labs Transfers CryptoPunks IP: End of an Era for NFTs?

Yuga Labs has transferred Cryptopunks IP to the Infinite Node Foundation. With the negotiation volume 170% at $ 2.8 million in 24 hours, is this the end of NFT or a bold movement to preserve digital art?

Cryptopunks are among the most valuable NFT. Duration The 2020-2021 bullish market, mainly driven by the defi and NFT activity, each of the 10000 Cryptopunks was very coveted. Those “lucky” enough to buy them paid millions of dollars in ETH.

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Yuga Labs hands on Cryptopunks to the node

In August 2021, the collection generated $ 691 million in monthly sales volume. As the NFT fever increased, a collector spent $ 23.7 million to acquire Cryptopunk #5822 in February 2022, which makes it the most exensive fourth NFT in history.

(Fountain)

For Crypto and NFT enthusiasts, the 2021 boom was euphoric, but such assessment peaks may not return for years. Recognizing that the NFT negotiation volume may not recover thousands of millions per month, Yuga Labs, the Beed Burened Yacht Club (Bayc) team, announced On May 12, 2025, the transfer of complete intellectual property rights (IP) for Cryptopunks to the Infinite Node Foundation (Node).

Rumors in January suggested that the agreement was imminent, pushing the highest floor price. Despite the confidence that the agreement would be final within a couple or week, you were touching to materialize. Duration this time, some of the The best coins of Meme SolanaIncluding Trump, he shot higher, dominating cryptography holders.

Now I am sure enough to share it with all of you after listening to several sources close to the matter:

Yuga Labs could be in the process of selling Cryptopunks IP.

They bought the IP + more than 400 NFT Cryptopunk of Larva Labs in March 2022.

Who is the buyer? …

– Wale.moca (@waleswoosh) January 14, 2025

The financial details of the agreement remain private and have not been disclosed by NODE, a non -profit organization based in California dedicated to preserving digital art, or by Yuga Labs. Even so, the decision has lit the debate on whether the transfer of IP rights to the Buries Cryptopunks node or serves the long -term interests of the collection.

Yuga Labs is an IP transfer ring of Cryptopunks to the node in the middle of a NFT market with difficulties, with a negotiation volume more than 90% from 2021 peaks. After the announcement, Cryptopunks’s negotiation volume increased 170% to $ 2.8 million in 24 hours, with 21 registered sales transactions.

The average sale price in May 2025 is $ 121,605, and total sales reach more than $ 9.7 million. In August 2021, the collection registered $ 691 million in total sales, but the volumes constantly decreased, reaching a minimum of $ 7.7 million in average monthly sales in September 2023. Autum The best crypts to buy contracted.

What follows?

Are Yuga laboratories disinflating since NFTs face their disappearance as a speculative asset class? If so, the movement is a quite a recount, since Yuga acquired Cryptopunks of Larva Labs in 2022. Less than three years later, the collection to the node are transferred.

As part of the agreement, Node will debut an exposure of Cryptopunks cured in its permanent space in Palo Alto, helping to educate the masses. The exhibition will have a live Ethereum node to guarantee accessibility in the chain.

“Cryptopunks caused a cultural movement that combines code, community and commerce,” said Micky Malka, president of the Node Foundation. “By combining museum’s conservation with a perennial leaf endowment, we intend to prepare this historical work and make it easier than ever than academics, curators and collectors get involved with it.”

If Yuga Labs is changing focus on Bayc, this is not his first IP divestment. In early 2025, they sold Meebits IP before announcing a restructuring and layoffs of a company.

1/ the @MebitcompanyA, a @1 Confirmation-Vensed Venture, is pleased to announce its acquisition of the Meebits of @Ugalabs And the launch of a new chapter for the third and ambitious NFT project of Larva Labs. We hope to preserve the rich history of this collection … pic.twitter.com/0hlyej9zr

– Meebits (@mebitsnfts) February 14, 2025

If they are illuminating their load, it still is clear. It should be noted that Yuga Labs was sued by the United States Stock Exchange and Securities Commission (SEC) last year. However, the case closed in March 2025. Although this eliminated legal obstacles, it did not stop skepticism.

Some think that the acquisition by node is the correct movement since the punk “never want to sit on a shelf next to the apes.”

Yuga passing the IP Cryptopunks to @Nodefndd It is the movement.

It is not that @Ugalabs I did something wrong, but the punk never intended to sit on a shelf next to the apes.

This IP deserves its own attention center, its own tempo, its own team totally committed to culture.

With Matt and John … pic.twitter.com/4ci3z9avzj

– Djani (@djaniwhaleskul) May 13, 2025

In his opinion, the agreement is more like a “realignment”, not a sale.

Meanwhile, others Think The punk community will get much more than Node, including the possibility of renewing the procedure.

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