Latest Wrapped CryptoPunks News
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.
CryptoPunk 685 has been accidentally burned in a failed wrapping attempt, per this Etherscan transaction. The news was initially reported by @seanbonner and @punk9059.
❗ Why It Matters
To many, CryptoPunks is the premier collection. They've been featured in museums, and those with Punk PFPs are often true OGs in the space. At worst, they're 1A/1B with BAYC, and they rose back to #1 in Lucky Trader's Power Rankings this week.
There isn't much else to say and we send our condolences to vitalitygrowth.eth, who bought Punk 685 for 77 ETH less than two weeks ago.
🎤 Community Quotes
Worth noting that @yugalabs holds the V1 token for #685 which was a "dev punk" - along with 1084 other @v1punks which they've given no clarity about their future plans for. There's so much Cryptopunk history still to be written...
— Sean Bonner (@seanbonner) March 24, 2023
