Yuga Labs, the company behind CryptoPunks, has recently launched a new CryptoPunks mint, sparking mixed reactions from the community. Some members appreciate the artistic contributions from well-known artists like Nina Chanel, viewing it as a tribute to the original CryptoPunks while staying true to the artists' styles. However, others criticize Yuga Labs for being out of touch with the community's desires and accuse the company of diluting the brand. Despite the company's treasury being valued at $12.4 billion, there is discontent over their attempts to monetize further. The floor price of CryptoPunks has also been reported to be declining amid these developments. In October 2023, $555 could get one of the 10k silk screens 'Punk PNGs pulled straight from the blockchain,' totaling $5.5 million.
i donโt think this cryptopunks thing hurts the punks legacy but i also donโt blame any punk for speaking out about something they are truly passionate about punks are something we genuinely love and want to contribute to
> why yuga labs acquired crypto punks https://t.co/g8kDJuoEHe
I dont understand why not liking this Punks in Residence artwork has any impact on Punks itself. You think it changes Punks place in history? I love this concept of Punks in Residence artists, creating new drops inspired by Punks. Some you will like some you wont. Let it be.
Why is there even a cryptopunks team?
The CryptoPunks floor is tanking https://t.co/YBaoAIbW95
new cryptopunks go hard af https://t.co/Si8FD0sdbT
I like the @ninachanel Punks in Residence drop. It's fun, on brand, its a tribute to @Cryptopunks while staying true to Nina's style. People dont need to love every PIR drop, but tributes to the OG Punks art is a cool way to expand the brand without impacting the core assets. https://t.co/xi5JZqeaos
Well-known artists doing their take on Cryptopunks is actually good for punks and the type of thing bag holders should be championing but the only way every overinvested web3 dork processes any new release of anything is โbUt DiLuTiOn!โ ๐คท๐ปโโ๏ธ
let cryptopunks be cryptopunks, nothing more
Yuga is rightly being criticized for its management of the CryptoPunks IP. Here's a little history over the last year. October 5, 2023 - $555 got you one of the 10k silk screens "Punk PNGs pulled straight from the blockchain" ๐คข Total: $5.5 million February 24, 2024 - Theโฆ https://t.co/DqjuwQHHeN
Yuga Labs' treasury is currently valued at $12.4Bn (yes, billion) despite this fact, they want more of your money, and are now trying to sell you 'new' cryptopunks blacklist @yugalabs, absolute cucks ๐คฎ๐๐๐ https://t.co/RsZKUr63wE
I actually really like the art of Nina Chanel. But the fact that I am generally seeing negative reactions from Punk holders on my timeline just shows how out of touch Yuga is with what punk holders want from the brand (which essentially is a role of steward and not much else) https://t.co/MtNwtCGePs
This is the new (semi-official?) CryptoPunks collection. Thoughts? https://t.co/A8uocR0yaH
happy i don't own a cryptopunk
New CryptoPunks mint just dropped https://t.co/YoHxaipCPq
As a long-time admirer of Bitcoin Punks, Iโve always felt a kinship with their cypherpunk roots These digital artifacts, born from the same spirit that fueled the early internet privacy movement, hold a special place in crypto history. ๐ Forever a Pirated #Bitcoin Punk at ๐งก๐ดโโ ๏ธ https://t.co/v3ksu3eifC