{"id":166327,"date":"2024-05-21T11:11:07","date_gmt":"2024-05-21T11:11:07","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166327"},"modified":"2024-05-21T11:11:10","modified_gmt":"2024-05-21T11:11:10","slug":"yuga-labs-halts-cryptopunks-development-amid-community-outcry","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/yuga-labs-halts-cryptopunks-development-amid-community-outcry\/","title":{"rendered":"Yuga Labs Halts CryptoPunks Development Amid Community Outcry"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Development Halt:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Yuga Labs will\u00a0stop developing\u00a0the CryptoPunks collection after community backlash against the new \u201cSuper Punk World\u201d edition.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Community Backlash:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0The new edition by artist Nina Chanel Abney, intended to bridge Web3 and traditional art, was criticized as \u201cwoke\u201d and not true to the original Punk style.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Decentralization and Airdrop:<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">\u00a0Yuga Labs plans to\u00a0decentralize\u00a0the collection, preserve it on the blockchain, and\u00a0airdrop\u00a0Super Punk World NFTs to select fans of Abney\u2019s work.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Yuga Labs,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0the creator of the Bored Ape Yacht Club\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/nft-lending\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">NFTs<\/span><\/a><span data-preserver-spaces=\"true\">,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">has announced it will cease further development of the CryptoPunks\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/opensea.io\/collection\/cryptopunks\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">collection<\/span><\/a><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">This announcement came shortly after the release of a new edition of Punks, dubbed Super Punk World, on May 20, which was met with significant backlash from the community.<\/span><!--more--><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">The Controversial Super Punk World<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The latest edition,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">created by renowned artist Nina Chanel Abney,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">included 500 pieces of artwork intended to integrate the CryptoPunks<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0into the broader art world.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The initiative aimed to bridge the gap between the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-web3\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Web3<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0ecosystem and traditional art by collaborating with world-class artists. However,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">the community\u2019s reaction was less than favorable,<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0with some members criticizing the new direction as \u201cwoke\u201d and not in line with the original Punk aesthetic.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Decentralization and Preservation of CryptoPunks<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">In response to the outcry, Garga.eth (Greg Solano),<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0co-founder of Yuga Labs,<\/span><strong><span data-preserver-spaces=\"true\">\u00a0expressed in a post that the company would end<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0all involvement with the NFT collection.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">gm,<\/p>\n<p>wanted to share an update on punks: when we acquired the collection a couple years ago, we did so with the intention of preserving the legacy of the collection.<\/p>\n<p>we see punks as the early cave paintings of this new medium, and we were heavily influenced by them when creating\u2026<\/p>\n<p>&mdash; Garga.eth (Greg Solano) \ud83c\udf4c (@CryptoGarga) <a href=\"https:\/\/twitter.com\/CryptoGarga\/status\/1792694910904136028?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 20, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The decision is to make CryptoPunks fully decentralized, ensuring its preservation on the blockchain. Despite the project\u2019s success in getting CryptoPunks displayed in museums, Yuga Labs is ready to step back after two years of stewardship.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Future Plans for CryptoPunks and Super Punk World<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-166328\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/CryptoPunksYugaLabs.jpg\" alt=\"Yuga Labs Halts CryptoPunks Development Amid Community Outcry\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/CryptoPunksYugaLabs.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/CryptoPunksYugaLabs-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/CryptoPunksYugaLabs-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">While Yuga Labs is withdrawing from active development, it still plans to support museums and institutions<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0in acquiring CryptoPunks and educating audiences about the collection. As for the Super Punk World NFTs, Yuga Labs intends to airdrop the artworks to fans of Abney\u2019s work, potentially selecting recipients randomly.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">The Punk in Residence Program<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Nina Chanel Abney,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">whose works have been featured at prestigious institutions like MoMA and the Whitney,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">was part of the Punk in Residence program.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">This initiative was designed to foster on-chain collaborations and encourage creative experimentation within the NFT project and the sector at large.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The halt in development and the shift towards decentralization mark a new chapter for CryptoPunks, as Yuga Labs steps away, leaving the legacy of the collection in the hands of the community.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Development Halt:\u00a0Yuga Labs will\u00a0stop developing\u00a0the CryptoPunks collection after community backlash against the new \u201cSuper Punk World\u201d edition. Community Backlash:\u00a0The new edition by artist Nina Chanel Abney, intended to bridge Web3 and traditional art, was criticized as \u201cwoke\u201d and not true to the original Punk style. Decentralization and Airdrop:\u00a0Yuga Labs plans to\u00a0decentralize\u00a0the collection, preserve it &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Yuga Labs Halts CryptoPunks Development Amid Community Outcry\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/yuga-labs-halts-cryptopunks-development-amid-community-outcry\/#more-166327\" aria-label=\"More on Yuga Labs Halts CryptoPunks Development Amid Community Outcry\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":166329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112,102,84,74],"tags":[4620,5536,5402,5453],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166327"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=166327"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166327\/revisions"}],"predecessor-version":[{"id":166331,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166327\/revisions\/166331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/166329"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=166327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=166327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=166327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}