Acquires – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 05 Sep 2025 19:49:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Acquires – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 TMTG acquires 684M CRO tokens as part of Crypto.com partnership https://earlybirdsinvest.com/tmtg-acquires-684m-cro-tokens-as-part-of-crypto-com-partnership/ https://earlybirdsinvest.com/tmtg-acquires-684m-cro-tokens-as-part-of-crypto-com-partnership/#respond Fri, 05 Sep 2025 19:49:20 +0000 https://earlybirdsinvest.com/tmtg-acquires-684m-cro-tokens-as-part-of-crypto-com-partnership/

Trump Media & Technology Group (TMTG) closed a deal with Crypto.com to acquire 684.4 million Cronos (CRO) tokens, marking one of the largest corporate commitments to the digital asset so far.

The transaction, valued at roughly $178 million at current prices, was structured as a 50% stock and 50% cash exchange, according to the Sept. 5 announcement.

TMTG said it paid about $0.15 per token for the assets, which represent roughly 2% of CRO’s circulating supply.

Strategic partnership

The agreement expands a partnership designed to integrate CRO into Trump Media’s Truth Social and Truth+ platforms. The token will be used in a rewards system powered by Crypto.com’s wallet infrastructure.

The company said the arrangement also strengthens plans for its newly formed subsidiary, Trump Media Group CRO Strategy Inc., which has a pending merger with Yorkville Acquisition Corp. to create a digital asset treasury business focused on accumulating CRO.

Crypto.com will provide custody for the tokens under its institutional-grade storage program. Both the CRO tokens and Trump Media shares involved in the swap are subject to a lockup period.

Crypto.com CEO Kris Marszalek said:

“This is the first of many steps to driving utility and value for CRO and the Cronos blockchain.”

Market and political backdrop

The purchase comes as Trump-linked ventures accelerate their push into digital assets.

Earlier this week, Trump-backed American Bitcoin began trading on the Nasdaq, while World Liberty Financial tokens made their public debut. Meanwhile, another affiliated firm, Thumzup, has outlined plans to acquire thousands of Dogecoin mining rigs.

Despite the fanfare, markets had a muted reaction to the development. DJT shares fell 1.5% to $16.51, while CRO dropped about the same percentage to $0.26.

The deal, first reported in August, could ultimately grow to $6.4 billion if Trump Media draws down additional capital from its credit line. If fully executed, it would create the largest CRO-focused treasury firm to date.

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]]> https://earlybirdsinvest.com/tmtg-acquires-684m-cro-tokens-as-part-of-crypto-com-partnership/feed/ 0 56937 Strategy acquires 4,225 BTC, pushes Bitcoin treasury toward $73B in recent buying spree https://earlybirdsinvest.com/strategy-acquires-4225-btc-pushes-bitcoin-treasury-toward-73b-in-recent-buying-spree/ https://earlybirdsinvest.com/strategy-acquires-4225-btc-pushes-bitcoin-treasury-toward-73b-in-recent-buying-spree/#respond Mon, 14 Jul 2025 18:52:36 +0000 https://earlybirdsinvest.com/strategy-acquires-4225-btc-pushes-bitcoin-treasury-toward-73b-in-recent-buying-spree/

Strategy (formerly MicroStrategy) said it purchased 4,225 Bitcoin for approximately $472.5 million between July 7 and 13, according to a July 14 statement with the US Securities and Exchange Commission (SEC).

The acquisition, made at an average price of $111,827 per Bitcoin, brings the company’s total holdings to 601,550 BTC. These assets were acquired for $42.87 billion, at an average cost of $71,268 per coin.

As of press time, Strategy’s Bitcoin treasury is worth $72.74 billion, representing a nearly 70% gain based on current market prices.

Strategy sold various classes of stock to fund the purchase, including 797,008 shares of its MSTR common stock for $330.9 million. The firm also raised $141.4 million from preferred stock sales: $71.1 million from STRK, $55.3 million from STRF, and $15 million from STRD.

Crypto analyst Ragnar noted:

“The market was open 32.5 hours last week. So MSTR raised $14.53 million per hour and $242,205 per minute while the market was open. Incredible performance if you compare it with other treasury companies.”

Startegy (formerly MicroStrategy) Stock Offerings
Strategy (formerly MicroStrategy) Stock Offerings (Source: Strategy)

As of July 13, the preferred stock instruments have an estimated $7.35 billion annual run rate and have helped the company achieve a Bitcoin Yield of 20.2% year-to-date. This yield reflects the ratio of BTC holdings to diluted shares and is used to measure value creation from BTC without liquidating assets.

Metaplanet acquires additional Bitcoin

On July 14, Tokyo-based Metaplanet announced the acquisition of 797 BTC for $93.6 million, paying an average of $117,451 per coin.

The firm now holds a total of 16,352 BTC, acquired at an average entry price of $100,191, with a cumulative cost basis of $1.64 billion.

Dubbed “Asia’s MicroStrategy” for its aggressive Bitcoin strategy, Metaplanet has seen outsized returns in 2025. The company reports a Bitcoin Yield of 435.9% year-to-date, a staggering gain that reflects its favorable BTC-to-share performance over the period.

Metaplanet now ranks as the fifth-largest corporate holder of Bitcoin, surpassing other notable firms such as Galaxy Digital, CleanSpark, and Tesla.

Mentioned in this article
]]> https://earlybirdsinvest.com/strategy-acquires-4225-btc-pushes-bitcoin-treasury-toward-73b-in-recent-buying-spree/feed/ 0 47626 Pump.fun Acquires Kolscan to Gamify On-Chain Trading https://earlybirdsinvest.com/pump-fun-acquires-kolscan-to-gamify-on-chain-trading/ https://earlybirdsinvest.com/pump-fun-acquires-kolscan-to-gamify-on-chain-trading/#respond Sat, 12 Jul 2025 06:10:56 +0000 https://earlybirdsinvest.com/pump-fun-acquires-kolscan-to-gamify-on-chain-trading/

Pump.fun has completed its first acquisition by purchasing Kolscan, a platform that tracks on-chain wallets.

Kolscan monitors blockchain transactions made by high-profile traders and displays their performance using real-time data and rankings.

Following the acquisition on July 10, Pump.fun announced that Kolscan would be free to use and would soon receive several improvements.

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Pump.fun stated that the two platforms will collaborate to offer new features and a distinct trading experience for users. The company hopes this combination will help it stand out in the on-chain trading industry.

Alon Cohen, one of Pump.fun’s co-founders, said on X that the acquisition reflects his belief that “on-chain trading is a social sport”.

Cohen said the team plans to improve the platform’s speed and accuracy and to adjust the leaderboard so it rewards actual profitable trading rather than just popularity.

He also mentioned plans to add data on copy trading and other insights to help users understand different trading strategies.

Cohen explained that the goal is to create a place where social activity, competition, and trading come together in one space. According to him, Kolscan will play an important part in that plan, and he noted that the platform could eventually support billions of users.

Recently, OpenSea, the non-fungible token (NFT) marketplace, announced the purchase of Rally, a company known for its mobile tools for Web3 users. What is the goal of the acquisition? Read the full story.

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]]> https://earlybirdsinvest.com/pump-fun-acquires-kolscan-to-gamify-on-chain-trading/feed/ 0 47163 OpenSea Acquires Rally to Enable Mobile NFT Trading https://earlybirdsinvest.com/opensea-acquires-rally-to-enable-mobile-nft-trading/ https://earlybirdsinvest.com/opensea-acquires-rally-to-enable-mobile-nft-trading/#respond Thu, 10 Jul 2025 15:13:48 +0000 https://earlybirdsinvest.com/opensea-acquires-rally-to-enable-mobile-nft-trading/

The leading NFT marketplace, OpenSea, has announced a new acquisition that will enable it to provide a mobile experience for users. According to an X report by the company’s Chief Technology Officer (CTO), Chris Maddern, the NFT platform has purchased the Web3 wallet app Rally.

Rally will utilize its expertise in mobile and token trading to help OpenSea develop a mobile app. Maddern is Rally’s co-founder and has joined OpenSea as its CTO. The other co-founder, Christine Hall, will also be joining OpenSea’s leadership.

OpenSea and Rally will join forces to build a product that will expand the on-chain economy for creators, collectors, and traders. The aim is to increase the adoption of on-chain assets and culture beyond early adopters and into the hands of real people. OpenSea aims to ensure that the next generation of on-chain consumers is mobile-first.

The upcoming mobile app will focus on both tokens and NFTs, not just one or the other. OpenSea intends to create a platform where tokens and NFTs do not compete, but complement each other. The process for achieving this goal entails making decentralized finance (DeFi) simple and accessible. Developers will also utilize artificial intelligence to enable users to easily understand the crypto space.

“While most products in crypto treat memecoins as simply an asset with a price, OpenSea will be a home for both the memes & the movements, not just the dollars,” Maddern stated.

Another primary reason for providing a mobile experience is to migrate users from centralized exchanges to on-chain platforms. OpenSea claims the industry has ignored the Web3 space for so long, and that needs to stop. The mobile app will be an all-in-one platform, featuring interconnected chains, staking capabilities, NFT experiences, and DeFi primitives such as lending.

Maddern noted that the Rally app will continue to work as it does until developers provide a migration path to OpenSea’s new platform. This could take between five and twelve months, as OpenSea intends to launch in 2025, while continuing to develop the product for at least a year.

Meanwhile, OpenSea is offering rewards to commemorate the latest development. The company will give tiered OpenSea treasures to users holding Floor Genesis NFTs. The rewards will recognize users who have made meaningful contributions and supported the platform for an extended period. The company took a snapshot on July 8 and will make the treasuries available in the coming weeks.

]]> https://earlybirdsinvest.com/opensea-acquires-rally-to-enable-mobile-nft-trading/feed/ 0 46866 DeFi Real World Assets Tokenizing Platform Ondo Finance Acquires SEC-Regulated Broker Dealer Oasis Pro https://earlybirdsinvest.com/defi-real-world-assets-tokenizing-platform-ondo-finance-acquires-sec-regulated-broker-dealer-oasis-pro/ https://earlybirdsinvest.com/defi-real-world-assets-tokenizing-platform-ondo-finance-acquires-sec-regulated-broker-dealer-oasis-pro/#respond Sat, 05 Jul 2025 05:02:00 +0000 https://earlybirdsinvest.com/defi-real-world-assets-tokenizing-platform-ondo-finance-acquires-sec-regulated-broker-dealer-oasis-pro/

A real-world asset tokenization platform has acquired a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC).

In a new thread on the social media platform X, decentralized finance (DeFi) and tokenization project Ondo Finance (ONDO) says it’s acquired the broker-dealer Oasis Pro as a means of bringing regulated tokenized securities to blockchains.

“On the 250th birthday of America, we are proud to announce we’re taking the next step in our mission to bring financial markets onchain. Ondo is acquiring Oasis Pro – including its SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent – laying the groundwork for Ondo to develop a regulated tokenized securities ecosystem for blockchain-based financial products for US investors.”

Real-world tokenization enables investors to represent ownership of physical assets, such as stocks or real estate, as tokens on a blockchain, making them easily interchangeable. According to Ondo, Oasis Pro was one of the first ATS protocols – or mechanisms that transfer funds outside the confines of the traditional financial system – approved by regulators for use in the digital assets industry.

As stated by Nathan Allman, chief executive of Ondo, in a company blog post,

“This unlocks the next major chapter of tokenized finance. This acquisition will empower us to realize our vision of building a robust and accessible tokenized financial system, backed by the strongest regulatory foundations.”

ONDO is trading for $0.774 at time of writing, a marginal decrease during the last 24 hours.

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]]> https://earlybirdsinvest.com/defi-real-world-assets-tokenizing-platform-ondo-finance-acquires-sec-regulated-broker-dealer-oasis-pro/feed/ 0 45854 Solana acquires a crack under the key structure – head and shoulder damage to $106 https://earlybirdsinvest.com/solana-acquires-a-crack-under-the-key-structure-head-and-shoulder-damage-to-106/ https://earlybirdsinvest.com/solana-acquires-a-crack-under-the-key-structure-head-and-shoulder-damage-to-106/#respond Sun, 22 Jun 2025 11:49:53 +0000 https://earlybirdsinvest.com/solana-acquires-a-crack-under-the-key-structure-head-and-shoulder-damage-to-106/

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Solana collapsed decisively and lost a critical level of support following news that the US had launched an attack on Iran’s nuclear facility. Unexpected geopolitical developments have caused widespread panic across financial markets, with altcoins having the most intense hits. In particular, Solana has seen significant sales pressure, falling 20% ​​from around $185 since May and is currently trading nearly $148.

Related readings

This breakdown confirms investor concerns have weakened Sol’s upward trend. Top analyst Karl Runefeld noted that Solana completed the head and shoulder pattern. Prices are broken underneath the neckline of this pattern, confirming the possibility of a continuous decline in the short term.

In addition to the bearish outlook, Solana is unable to regain previous levels of support during short bounces. With negative momentum indicators and wider market sentiment rattles, the possibility of a quick recovery appears slimmer, provided the macro conditions are not stable.

Solana faces deeper corrections when the bearish pattern unfolds

Solana’s bullish momentum from late 2024 has been faded almost, replacing it with stagnation and sharp corrections as market conditions worsened. Currently trading at an all-time high of 50%, Sol continues to struggle under the weight of global macroeconomic uncertainty and growing geopolitical tensions. The US military strike against Iran’s nuclear facilities only added volatility, sending shockwaves through both traditional and crypto markets.

Solana was one of the most powerful performers of the previous cycle, but her price action has diminished decisively over the past few weeks. The Bulls are unable to maintain key support levels and their assets are below the short-term trend structure. According to Runefelt, Solana completed the head and shoulder pattern. This is a classic technical signal that often precedes long-term downtrends. The pattern’s neckline has been compromised, and the predicted bear target is currently standing at around $106.30. This is at a level that will not be seen after February.

Solana broke from this head and shoulder pattern | Source: Carl Runefelt from x
Solana broke from this head and shoulder pattern | Source: Carl Runefelt from x

The failure also reflects the broader weaknesses of the Altcoin market. Despite previous hopes for AltSeason, Capital supported Bitcoin and Stablecoins amid uncertainty, turning from risky assets. Solana is unable to regain its previous highs or establish a high low in the retreat market. The momentum indicator continues to flash red and unless the Bulls recover the ground immediately, Sol may face long-term integration or further losses.

Related readings

SOL Price Analysis: Below Major Support

Solana is under pressure as it falls below the critical 200-day simple moving average (SMA) of around $149.54, a level previously served as dynamic support. This breakdown shows the growth of bearish emotions as it confirms the loss of momentum after consolidation in weeks when price action falls below the $155-$160 resistance zone. So far, Sol is trading at around $135.99, nearly 3% in a day, exceeding 20% ​​from its May high.

Sol is struggling to keep support | SolUSDT chart in TradingView
Sol is struggling to keep support | Source: SolUSDT Chart in TradingView

The chart shows rejection near the 100-day SMA (green line), and sustained movement below both the 200-day and 50-day SMA (blue line) refers to the shift structure and leaps heavily towards the downside. Volume remains rising with the red candle, confirming that failure is supported by increased selling pressure rather than hypofluid movement.

Related readings

As the current trend continues, Solana was able to revisit the $120-125 range that served as strong support early in the first quarter of 2025. The broader context of macroeconomic volatility and geopolitical tensions, particularly Iran, has left investors uneasy beyond risky assets such as altcoins such as Solana. A daily closure of over $149 is required to neutralize the short-term bearish structure and change emotions. Until then, the risk of drawbacks is dominated.

Dall-E special images, TradingView chart

]]> https://earlybirdsinvest.com/solana-acquires-a-crack-under-the-key-structure-head-and-shoulder-damage-to-106/feed/ 0 43471 B3 Acquires Andromeda Insights, Launches Crypto-Enabled B3PC https://earlybirdsinvest.com/b3-acquires-andromeda-insights-launches-crypto-enabled-b3pc/ https://earlybirdsinvest.com/b3-acquires-andromeda-insights-launches-crypto-enabled-b3pc/#respond Wed, 18 Jun 2025 15:38:58 +0000 https://earlybirdsinvest.com/b3-acquires-andromeda-insights-launches-crypto-enabled-b3pc/

Ethereum-based gaming protocol B3 has announced its acquisition of US-based PC manufacturer Andromeda Insights, marking its entry into the hardware space.

Alongside the announcement, B3 revealed its first physical product: the B3PC, a desktop computer designed with blockchain users in mind.

The device includes features such as integrated crypto wallet support and a self-destruct mechanism for secure data deletion. Pre-orders are now open, with the first units expected to ship in early 2026.

Key Insights

  • B3 has acquired PC manufacturer Andromeda Insights to expand into dedicated crypto hardware.
  • The B3PC includes a built-in hardware wallet, support for on-chain games, and optional offline mode.
  • A self-destruct mechanism allows the internal storage to be wiped or physically disabled.
  • The device is available for pre-order now, with shipments scheduled for early 2026.
B3 Acquires Andromeda Insights, Launches Crypto-Enabled B3PC
Source: B3

What is B3PC?

The B3PC is a high-performance desktop computer built with blockchain-specific capabilities. Developed after B3’s acquisition of Andromeda Insights, it is tailored for users who participate in on-chain gaming and handle cryptocurrency data.

The system is equipped with a native hardware wallet integrated into its operating system, offering secure key storage and isolated transaction signing. Users can also choose to activate an airgapped mode, disconnecting the device from network access during sensitive operations.

The device is intended to support demanding gaming applications, particularly those linked to blockchain networks and decentralised ecosystems.

B3 Acquires Andromeda Insights, Launches Crypto-Enabled B3PC
Source: B3

What can we expect from the B3PC?

The most distinctive aspect of the B3PC is its self-destruct mechanism for its internal storage. The system offers two options: a secure digital wipe that continues even if power is interrupted, and a hardware-level procedure that physically damages the drive’s NAND flash chips using high voltage.

The self-destruct function is designed to permanently erase sensitive data such as private keys, and is protected behind a physical cover to prevent accidental activation. Whilst the drive becomes unusable after the feature is triggered, the rest of the machine remains functional.

Other features include default support for B3’s ecosystem and blockchain-based games running on Base. The desktop also includes hardware encryption tools and optional offline configurations for increased security.

Interested buyers can reserve a B3PC with a $200 deposit, with shipments expected to begin in the first quarter of 2026.

]]> https://earlybirdsinvest.com/b3-acquires-andromeda-insights-launches-crypto-enabled-b3pc/feed/ 0 42751 Consensys Acquires Web3Auth to Reinvent MetaMask Onboarding https://earlybirdsinvest.com/consensys-acquires-web3auth-to-reinvent-metamask-onboarding/ https://earlybirdsinvest.com/consensys-acquires-web3auth-to-reinvent-metamask-onboarding/#respond Mon, 02 Jun 2025 17:21:11 +0000 https://earlybirdsinvest.com/consensys-acquires-web3auth-to-reinvent-metamask-onboarding/

Consensys, the Ethereum infrastructure company behind the popular MetaMask wallet, said it has acquired Web3Auth, a provider of wallet infrastructure, in a move aimed at improving usability and developer accessibility across its platforms.

Financial terms of the deal were not disclosed.

The acquisition is designed to modernize MetaMask’s onboarding experience and tackle one of the most persistent challenges facing self-custodial crypto wallets: seed phrase management. According to Consensys, internal data indicates that 35% of MetaMask users fail to back up their seed phrases — a key vulnerability that can result in permanent loss of funds.

Web3Auth’s technology, already integrated across some 8,200 decentralized applications, offers login and recovery tools that mirror Web2-style user flows. With this integration, MetaMask users will have the option to access wallets without relying solely on seed phrases, aligning with a broader industry push toward “account abstraction” — the idea that crypto wallets should offer the same ease of use and safety nets found in traditional apps.

“This integration enhances MetaMask’s capabilities significantly, embodying our belief that the best Web3 wallets will seamlessly integrate infrastructure that supports a wide range of empowering features,” said Joseph Lubin, chief executive of Consensys and a co-founder of Ethereum. “These include frictionless onboarding, customizable interfaces, extensive ecosystem connectivity reminiscent of a mycelium network, configurable security for varying needs, and maximal protections in high-security contexts.”

The acquisition also targets developers building within the MetaMask ecosystem. By incorporating Web3Auth’s embedded software development kits (SDKs), Consensys said it aims to simplify the developer experience and offer more flexible tools for integrating blockchain into consumer-facing applications.

“The future of using web3 is going to be full of embedded wallets that enable blockchain integrations to be nearly invisible, and minimize user interactions to the meaningful ones,” said Dan Finlay, the co-founder of MetaMask, in the press release. “Together, we think we can help build the best of both worlds: a decentralized web that is invisible as much as it can be, but can show up when a user is ready to tap into its power.”

Read more: Ethereum Upgrade Could Make It Harder to Lose All Your Crypto

]]> https://earlybirdsinvest.com/consensys-acquires-web3auth-to-reinvent-metamask-onboarding/feed/ 0 39738 Strategy acquires another 4,020 BTC following Bitcoin’s new ATH https://earlybirdsinvest.com/strategy-acquires-another-4020-btc-following-bitcoins-new-ath/ https://earlybirdsinvest.com/strategy-acquires-another-4020-btc-following-bitcoins-new-ath/#respond Mon, 26 May 2025 17:25:58 +0000 https://earlybirdsinvest.com/strategy-acquires-another-4020-btc-following-bitcoins-new-ath/

Strategy has acquired an additional 4,020 BTC for $427.1 million at an average purchase price of $106,237 per Bitcoin.

According to a May 26 statement, Strategy funded its latest Bitcoin purchase by selling several equity instruments between May 19 and 25. This included 847,000 shares of its Class A common stock (MSTR), generating $348.7 million in net proceeds.

It also raised $67.9 million from selling 678,970 shares of its perpetual strike preferred stock (STRK), and another $10.4 million from 104,423 shares of its Series A perpetual strife preferred stock (STRF).

This recent buy is the company’s fourth Bitcoin accumulation in May, equivalent to roughly nine days of new BTC supply. It also marks Strategy’s first purchase following Bitcoin’s climb to a new all-time high of more than $111,000.

Strategy now holds 580,250 BTC, equivalent to about 2.76% of Bitcoin’s total supply of 21 million coins, and is the largest corporate Bitcoin holder.

Strategy's Bitcoin Holdings
Table showing Strategy’s Bitcoin holdings on May 26, 2025 (Source: Strategy)

The company has spent an estimated $40.6 billion on its Bitcoin position, with an average cost of $69,979 per coin. Based on the current market value, its holdings are worth $63.8 billion, translating to unrealized profits of more than $23 billion.

]]> https://earlybirdsinvest.com/strategy-acquires-another-4020-btc-following-bitcoins-new-ath/feed/ 0 38448 Infinite NODE Foundation Acquires CryptoPunks IP https://earlybirdsinvest.com/infinite-node-foundation-acquires-cryptopunks-ip/ https://earlybirdsinvest.com/infinite-node-foundation-acquires-cryptopunks-ip/#respond Wed, 14 May 2025 15:56:15 +0000 https://earlybirdsinvest.com/infinite-node-foundation-acquires-cryptopunks-ip/

Infinite Node Foundation (NODE), a newly formed nonprofit based in the United States, has acquired the intellectual property rights to the popular NFT collection CryptoPunks.

NODE has announced plans to exhibit the full 10,000-piece collection in a new physical space in Palo Alto, California. The transition marks a change in governance from private ownership to nonprofit management, with NODE aiming to focus on preservation and public access rather than commercialisation.

Alongside the acquisition, NODE has committed $25 million in funding to support the long-term stewardship of the collection.

Infinite NODE Foundation Acquires CryptoPunks IP
Source: NODE Foundation

What is the Infinite NODE Foundation?

The Infinite Node Foundation (NODE) is a nonprofit organisation formed in 2025 by Micky Malka and Becky Kleiner. Its stated aim is to preserve, study, and exhibit digital artworks, particularly those created on or linked to blockchain technology.

With the CryptoPunks acquisition, NODE becomes one of the best-funded digital art nonprofits in the United States. The organisation plans to open a permanent facility in Palo Alto that will serve as an exhibition space and technical infrastructure hub, including the operation of a full Ethereum node.

NODE’s governance includes an advisory board comprising figures associated with CryptoPunks and digital art more broadly, such as Larva Labs founders Matt Hall and John Watkinson, Yuga Labs co-founder Wylie Aronow, and Art Blocks founder Erick Calderon. Natalie Stone, a longtime contributor to the CryptoPunks community, will serve as a consultant during the transition.

Infinite NODE Foundation Acquires CryptoPunks IP
Source: NODE Foundation

What does this mean for CryptoPunks?

The transfer of IP rights from Yuga Labs to NODE marks the second major change in the collection’s management. Yuga Labs acquired the rights from Larva Labs in 2022, promising to protect and promote the project. With this latest handover, control shifts from a commercial entity to a nonprofit structure focused on preservation rather than monetisation.

“CryptoPunks sparked a cultural movement that blended code, community, and commerce,” said Micky Malka, Chair of the Node Foundation. “By pairing museum-grade conservation with an evergreen endowment, we intend to future-proof this landmark work and make it easier than ever for scholars, curators, and collectors to engage with it.”

NODE has said it will maintain the project as originally intended by its creators, without introducing new commercial initiatives. Its focus will be on technological preservation, community engagement, and recontextualising CryptoPunks within the broader history of digital and contemporary art.

“The Punks were created to be truly decentralized, and have become a defining example of digital permanence and online network effects,” said Matt Hall and John Watkinson of Larva Labs. “The NODE foundation was created to explain and promote these ideas as a new art medium, and are the perfect long term home for the punks.”

]]> https://earlybirdsinvest.com/infinite-node-foundation-acquires-cryptopunks-ip/feed/ 0 36200