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Bored Ape NFT Creator Yuga Labs Ends Involvement with Cryptopunks
Yuga Labs, the creator of the popular Bored Ape Yacht Club NFTs, is stepping back from its involvement with Cryptopunks, another prominent NFT collection well-known within the crypto industry.
The company acquired Cryptopunks in 2022 with the intention of preserving its legacy. The collection quickly became one of the most iconic and influential profile picture (PFP) series in the NFT space.
Yuga Labs even succeeded in getting Cryptopunks displayed in museums, thanks to their popularity among collectors. However, after two years of managing the project, the firm is ready to let go.
In a lengthy post on X, Garga.eth (Greg Solano), co-founder of Yuga Labs, said the company is ending all involvement with the NFT collection and is ready to make it fully decentralized to be preserved on the blockchain.
Yuga Labs Launches New Edition of Cryptopunks
The move comes less than 24 hours after Yuga Labs
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