Yuga Labs, a blockchain technology company that operates with NFTs and digital collectibles, stepped away from the CryptoPunks NFT project, after ‘Woke’ community backlash.
Yuga Labs, a big name in the Non-fungible tokens (NFT) sector announced its path away from CryptoPunks NFT project. The blockchain technology company made the decision just after the newly launched Punks-branded NFT collection, faced rapid backlash from NFT enthusiasts.
Why Did Yuga Labs End Involvement with CryptoPunks NFT?
In March 2022, Yuga Labs acquired ownership of CryptoPunks from Larva Labs for over $69 Million. On May 21, the company recently unveiled its departure from CryptoPunks and the sudden backlash of Super Punk World NFT arose as the main reason.
Greg Solano, the co-founder of Yuga Labs shared the exit news on X.
gm,
wanted to share an update on punks: when we acquired the collection a couple years ago, we did so with the intention of preserving the legacy of the collectio
We współpracy z: https://www.thecoinrepublic.com/2024/05/21/yuga-labs-moved-away-from-cryptopunks-is-super-punks-the-reason/
