CryptoPunks IP Goes Nonprofit as Yuga Labs Hands Over Ethereum NFT Crown Jewels

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2025-05-13 16:47:25

CryptoPunks Have New Home as Nonprofit Acquires Ethereum NFT IP From Yuga Labs

In a move that shocked degens and traditional collectors alike, Yuga Labs just offloaded the CryptoPunks intellectual property to a nonprofit—proving even blue-chip NFTs can become tax write-offs.

The Ethereum-based pixel art collection, once the poster child of overpriced JPEGs, now belongs to the CryptoPunks Preservation Society. Because nothing says ’decentralization’ like a 501(c)(3) holding your private keys.

While the crypto world debates whether this is altruism or asset parking, one thing’s clear: the NFT space just got its first museum piece—complete with the obligatory seven-figure ’donation’ receipt.

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