Greg Solano, CEO of Yuga Labs, announced that the NFT company…

Greg Solano, CEO of Yuga Labs, announced that the non-fungible token (NFT) company will “no longer touch” the CryptoPunks project following backlash from the community of the new Super Punk World project.

On May 20, the official CryptoPunks account was opened Announce A new NFT collection called Super Punk World. The collection included 500 pieces of hybrid 3D sculptures, which they described as blurring the boundaries of race and gender.

These pieces were created by New York-based illustrator Nina Abney and are intended to pay homage to the “early irreverent Internet roots of the CryptoPunks project.”

Despite its goals, the group has been criticized by various members of the cryptocurrency community for being “woke.” Community Member He said Yuga Labs killed CryptoPunks with this move. “Go wake up, take a break. He killed yoga punk today.

At the same time, like another individual He threatened To sell the CryptoPunk NFT, an influencer under a pseudonym named Greg He asked sarcastically If the account has been hacked. Plus, one disgruntled NFT trader urge Community to ban Yuga Labs and move forward.

source: Cremo spices

In response to the backlash, Solano released a statement on X explaining that the team plans to collaborate with international artists like Abney to connect Web3 to the traditional art world.

The CEO of Yuga Labs also announced plans to offer Abney’s collection to those who already support his work in this area. This means it can be dropped for SuperCoolWorld holders.

Regarding the CryptoPunks group, the CEO of Yuga Labs declared that he would not touch it anymore. Solano wrote:

“And the bad guys? You won’t touch bad yoga again. It will simply be decentralized and maintained on the blockchain.

The CEO said Yuga aims to help museums and institutions acquire CryptoPunk NFTs and educate their audiences about collecting.

about: The ‘lost’ Yuga Labs is restructured again, with layoffs and a new CEO

Despite the decline in NFT transaction volumes, the CryptoPunks group saw a rebound in March when two transactions broke the NFT group’s sales records.

On March 4, the rare alien CryptoPunk achieved the second highest sales price ever for punk music when it sold for 4,500 ether (ETH), worth approximately $16 million at time of the transaction.

However, the record was quickly broken on March 20, when another piece of CryptoPunk was sold for 4,850 Ethereum, worth approximately $16.4 million at the time of sale.

review: Catastrophe of Bybit’s Notcoin listing, profits of a Chinese company multiplied by 12 after the buyout of the cryptocurrency: Asia Express


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