DeFI News by Thebittimes.Com

Yuga Labs, the digital asset incubation studio and the team behind the popular Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token collections, has finally sold the intellectual property (IP) for the CryptoPunks NFT collection. The digital asset firm, which acquired Punks IP in 2022, has sold it to Infinite Node Foundation (NODE), a nonprofit focused on digital art. Speculation about Punks’ IP sales began looming in January 2025. Yuga Labs Sells Punks IP To NODE In a May 13 blog post, Yuga Labs confirmed that it has finally sold the intellectual property (IP) for the CryptoPunks non-fungible token collection to Infinite Node Foundation (NODE). The acquisition of CryptoPunks NFT IP, plus its additional $25 million endowment, establishes NODE as “the most well-capitalized non-profit dedicated solely to digital art in the United States of America. The Infinite Node Foundation (NODE) is pleased to announce the acquisition of the intellectual property of @crypto...

A CryptoPunks NFT recently sold for 600 Ethereum (ETH), worth $1.14 million, representing the largest single NFT sale over the past seven days and the second-largest last month. The sale, involving CryptoPunk #7458, occurred on Nov. 6 at Larva Labs. Interestingly, the recipient address is relatively new, with the NFT purchase representing its second transaction. The address had received 360 ETH from a Coinbase address two hours before buying the NFT. NFT data aggregator resource CryptoSlam confirms that the recent transfer represents the largest single NFT transaction over the last week. In addition, the transaction is also the second largest in the past month, only behind a Cryptoadz collectible, which sold for 1,055 WETH, worth $1.655 million at the time of the sale. You might also like: Blur token skyrockets as NFT sales surpass the $10m mark CryptoPunks dominate NFT sales volume Notably, the recent sale has compounded the cumulative sales volume of the CryptoPunks col...