Close Menu
Cryprovideos
    What's Hot

    CFTC Opens Door To Spot Crypto Buying and selling On Futures Markets

    August 6, 2025

    ONyc Launches on Kamino, Unlocking Actual-World Yield and Collateral Utility in Solana DeFi | UseTheBitcoin

    August 6, 2025

    Coinbase Debuts ‘Embedded’ Crypto Pockets for Builders—With Stablecoin Focus – Decrypt

    August 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Yuga Labs Founder Denies Rumors of CryptoPunks Copyright Sale, NFT Value Soars 15%
    Yuga Labs Founder Denies Rumors of CryptoPunks Copyright Sale, NFT Value Soars 15%
    Crypto News

    Yuga Labs Founder Denies Rumors of CryptoPunks Copyright Sale, NFT Value Soars 15%

    By Crypto EditorJanuary 15, 2025No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Greg Solano, co-founder of Yuga Labs, has publicly denied rumors suggesting that the corporate is planning to promote the copyright of its iconic CryptoPunks assortment.

    The hypothesis, which originated from NFT researcher Wale Moca, had sparked appreciable debate throughout the Web3 neighborhood.

    CryptoPunks Co-Founder Thwarts IP Sale Rumors

    Wale Moca shared the rumor on X, previously Twitter, stating that a number of sources had knowledgeable him of the upcoming sale of CryptoPunks mental property (IP ).

    “I’m now assured sufficient to share it with y’all after listening to it from a number of sources near the matter: Yuga Labs is likely to be within the means of promoting the CryptoPunks IP,” Wale Moca wrote.

    In response, Greg Solano swiftly took to X to deal with the rumors. “Nothing,” he posted in reply to Moca’s declare after an NFT dealer requested for a proof on the matter.

    “Lots of people have approached us, particularly in the previous couple of months. Doesn’t imply we’re doing something. We might solely ever do a deal if we felt very assured it might be long-term extraordinarily +EV for Punks. My biz and life are NFTs. Not going to take a deal for cash if I really feel prefer it hurts the legacy of this asset,” Solano elaborated additional.

    The CryptoPunks assortment, widely known for its historic significance and as a logo of NFT tradition, has at all times fascinated the digital artwork neighborhood. In March 2022, Yuga Labs acquired the CryptoPunks mental property (IP) from Larva Labs, cementing its place as a pacesetter within the NFT house.

    Regardless of Solano’s denial, the rumor alone was sufficient to drive a surge in CryptoPunks’ market exercise. The gathering’s flooring value soared by over 15%, climbing from 34 ETH to a month-to-month excessive of 40.39 ETH. Buying and selling exercise additionally spiked, with 28 transactions recorded up to now 24 hours—a major uptick in an in any other case sluggish NFT market.

    CryptoPunks Price
    CryptoPunks Value. Supply: CoinGecko

    CryptoPunks Heft Within the NFT House

    Hypothesis about potential patrons added gas to the fireplace. Moca advised two doable situations: both a purchaser may goal to maintain the gathering intact to protect its cultural and historic worth, or a gaggle of collectors might be part of forces to co-own the IP.

    “Who’s the client? All I do know is that it’s not a serious Web2 model, neither is it one other massive current NFT firm (Pudgy Penguins/Azuki/Doodles). From what I’ve heard, the potential new homeowners plan to depart the IP untouched,” Wale Moca added.

    One notable title floated as a doable purchaser is @seedphrase, a outstanding NFT collector identified for CryptoPunk #8348, which was used as collateral for a record-breaking $2.75 million USDC mortgage. @seedphrase’s cryptic tweet, “CryptoPunks ❤,” solely heightened hypothesis.

    However, CryptoPunks stays the undisputed chief within the NFT market, boasting a complete estimated worth of $1.3 billion. Its closest rivals, like Azuki and Pudgy Penguins, path far behind, with a base value of 23.7 ETH for the latter.

    NFT Collection Rankings By Sales Volume
    NFT Assortment Rankings By Gross sales Quantity. Supply: CryptoSlam

    Nonetheless, the 2024 bull market has not been significantly favorable for NFTs, as consideration has shifted to different blockchain sectors. Moreover, NFT exercise has more and more migrated to Solana, leaving Ethereum’s collectibles extra worthwhile however much less liquid.

    Nonetheless, the rumors and subsequent value surges mirror CryptoPunks’ enduring significance within the NFT ecosystem. As the primary main generative artwork venture, it continues to command respect and a focus, each as a monetary asset and a cultural icon. Solano emphasised the necessity for cautious stewardship.

    “Whoever owns Punks should have an iron abdomen and be prepared to principally lock the IP up and throw away the important thing,” he mentioned.

    Towards this backdrop, and in a bid to protect its legacy, Yuga Labs is getting ready to launch a e-book devoted to CryptoPunks. The e-book, set to launch in New York on January 30, 2025, goals to doc the gathering’s affect and solidify its place in artwork historical past.

    For now, the CryptoPunks neighborhood can relaxation assured that Yuga Labs has no fast plans to relinquish management. Nonetheless, as Solano’s remarks counsel, any future selections will prioritize the long-term worth and legacy of this pioneering NFT assortment.

    Disclaimer

    In adherence to the Belief Undertaking pointers, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nonetheless, readers are suggested to confirm information independently and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material. Please be aware that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    CFTC Opens Door To Spot Crypto Buying and selling On Futures Markets

    August 6, 2025

    ONyc Launches on Kamino, Unlocking Actual-World Yield and Collateral Utility in Solana DeFi | UseTheBitcoin

    August 6, 2025

    Coinbase Debuts ‘Embedded’ Crypto Pockets for Builders—With Stablecoin Focus – Decrypt

    August 6, 2025

    SEC's steerage on liquid staking tokens a win for DeFi, establishments

    August 5, 2025
    Latest Posts

    Alpen Labs Launches Public Testnet to Advance Bitcoin Finance Ecosystem

    August 5, 2025

    Anchorage Digital Acquires 10,000 BTC in Main Institutional Transfer – Bitbo

    August 5, 2025

    Binance BTC Metrics Trace at Waning Promote Strain and Potential Market Rebound

    August 5, 2025

    Bitcoin Hyper Crypto Presale Hits $7M as BTC Bullish Sample Indicators $150K Rally

    August 5, 2025

    Cardano sidechain Midnight begins token distribution to ADA, XRP, BTC holders

    August 5, 2025

    Bitcoin, Ethereum ETF Swoon Probably Non permanent Blip Earlier than Subsequent Surge: Analysts – Decrypt

    August 5, 2025

    Michigan State Pension Fund Boosts Bitcoin ETF Holdings to $10.7 Million

    August 5, 2025

    UK NCA Officer Jailed After Stealing 50 Bitcoin From Seized Pockets – Bitbo

    August 5, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Bitcoin Worth Slides as Crypto Market Reacts to Trump’s Strategic Reserve Order – Decrypt

    March 7, 2025

    Crypto Liquidations Break $2 Billion As Bitcoin & Alts Crash

    February 3, 2025

    Coinbase Secures Elementary Authorized Win at 2025 Begin: Particulars

    January 4, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.