Yuga Gains Ownership of Punks Wrapper

In this post

Yuga Labs gained ownership over the CryptoPunks wrapper as part of the Punks Restoration Project, according to a tweet from the project yesterday.

The Deets:

CryptoPunks wrapper handed off to Yuga Labs
Official home of Punk wrapper now at wrapped.cryptopunks.app
Users can reach out to punks@yugalabs.io for questions or concerns

The Details

The CryptoPunks wrapper has been officially handed off from @Robi_air and the Ark Gallery DAO team to Yuga Labs, the owner of the CryptoPunks IP after an acquistion from Larva Labs. This move is part of the Punks Restoration Project, which previously has donated CryptoPunks to notable museums worldwide.

The official home for the Punk wrapper has moved to https://wrapped.cryptopunks.app, where users can find information and resources related to their CryptoPunks NFTs.

For any questions or concerns related to this update, users are advised to reach out to punks@yugalabs.io, where they will receive support from Yuga Labs' dedicated team.

❗️Why It Matters

This handoff of the CryptoPunks wrapper from Ark Gallery DAO to Yuga Labs opens up some interesting possibilites for the path of Wrapped CryptoPunks. For example, it's likely that Yuga Labs will improve the UI/UX and make it safer and easier to wrap CryptoPunks to the newer ERC-721 standards that existing NFT marketplaces utilize.

🎤 Project Prose

The CryptoPunks wrapper contract was deployed and maintained by a member of the community, operating totally independently. Taking ownership of the contract and formally folding it into the Punks app is another small step in Yuga Labs' ongoing 'restoration' initiative. Ultimately, it's our goal to support our users by providing a service that is seamless and safe.Noah Davis to Lucky Trader

📊 By the Numbers

Wrapped CryptoPunks continue to dominate volume on Blur.io, gathering more than 2,000 ETH in volume on most days.

🎬 Take Action

Punk owners can visit the new home for the wrapper at wrapped.cryptopunks.app and reach out to Punks@yugalabs.io for any questions or concerns.

Author Bio

Logan Hitchcock

NFT Analyst

Logan is a content lead at Lucky Trader and is best known for selling every good NFT far too early. He also maintains an irrational exuberance for clay-based NFTs.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.