YUGA LABS co-founder GARGA.ETH announced that CRYPTOPUNKS will be fully decentralized, no longer subject to YUGA intervention, and will be permanently stored on the blockchain. This move is intended to protect the legacy of the CRYPTOPUNKS series. At the same time, YUGA plans to support museums and institutions to obtain PUNKS, as well as work with artist NINA CHANEL as an artist-in-residence to help airdrop her works to SUPERCOOLWORLD holders. In addition, YUGA LABS announced in April that the company would restructure and layoffs, as well as split and sell HV-MTL and LEGENDS OF THE MARA.

Wu said that Yuga Labs co-founder Garga.eth tweeted that Yuga's acquisition of CryptoPunks a few years ago was to preserve the legacy of the series, and that it would no longer intervene in CryptoPunks in the future. They would be completely decentralized and stored on the blockchain; the only thing Yuga intends to do is to support some museums and institutions so that they can acquire a Punk and help educate audiences about these works. In addition, Yuga will work with world-class artists, Nina Chanel will become a resident artist at CryptoPunks, and help Nina's latest work complete the airdrop to SuperCoolWorld holders. In April, Yuga Labs announced a reorganization and layoffs, and split and sold HV-MTL and Legends of the Mara.

YUGA LABS Announces CRYPTOPUNKS to Be Fully Decentralized