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cryptopunks bored ape yacht club yuga labs digital art nonprofit

The Infinite Node Foundation, a new nonprofit focused on digital art conservation founded by venture capitalist Meyer 'Micky' Malka and Becky Kleiner, has acquired the full intellectual property rights to CryptoPunks from Yuga Labs. The purchase price is reported to be around $20 million. CryptoPunks, created in 2017 by Matt Hall and John Watkinson, is one of the earliest and most famous NFT collections, credited with sparking the 2021 NFT craze. Yuga Labs, the parent company of Bored Ape Yacht Club, had bought the rights in 2022 for an undisclosed sum. The foundation's advisory board includes Web3 figures such as Yuga Labs co-founder Wylie Aronow and Art Blocks founder Erick Calderon.

nifty gateway closed down

Nifty Gateway, an early NFT marketplace founded in 2018 and acquired by Gemini, will shut down on February 23 after entering withdrawal-only mode. The platform, which once reported $300 million in gross merchandise value in 2021 and partnered with Sotheby's for a $17 million NFT drop, is closing amid a sharp decline in NFT trading activity. Users must withdraw their assets by the deadline, after which they can no longer list, buy, or sell NFTs on the site.

nft paris and rwa paris shelved with one month notice due to crypto and nft market collapse founder says

NFT Paris and its sister event RWA Paris have been canceled just one month before they were scheduled to take place at the Grande Halle de la Villette in Paris. Founder Alexandre Tsydenkov announced the cancellation on LinkedIn, citing the collapse of the crypto and NFT markets as making the events financially impossible despite drastic cost cuts. Both conferences had run for four years, showcasing digital art, NFT galleries, and AI-generated works, but had recently shifted toward broader tech and blockchain topics. All tickets will be refunded.

Ex-Sotheby’s CEO Tad Smith Banks on NFTs, Agrees to Buy Collectibles Platform Candy Digital

Tad Smith, former CEO of Sotheby's and current chairman of the NFT project Doodles, has agreed to acquire most of the assets of the digital collectibles platform Candy Digital. Upon the deal's expected closure in the coming weeks, Smith will also assume the role of CEO, signaling a significant personal and financial bet on the future of the sector.

nifty gateway nft platform shutters

Nifty Gateway, one of the earliest and most prominent NFT marketplaces, announced it will shut down on February 23, 2026, citing sharply declining activity. The platform, founded in 2018 by twins Duncan and Griffin Cock Foster and acquired by Gemini in 2019, has entered withdrawal-only mode, advising users to move their assets before the deadline. At its peak in 2021, Nifty Gateway reported $300 million in gross merchandise value, boosted by a Sotheby's partnership for a $17 million NFT drop by the artist Pak. The closure follows the collapse of the NFT boom, with trading volumes plummeting and other platforms like Async Art, KnownOrigin, and MakersPlace already shuttered.