{"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":"
TL;DR<\/span><\/p>\n Yuga Labs,<\/span><\/strong>\u00a0the creator of the Bored Ape Yacht Club\u00a0<\/span>NFTs<\/span><\/a>,\u00a0<\/span>has announced it will cease further development of the CryptoPunks\u00a0<\/span>collection<\/span><\/a>.\u00a0<\/span><\/strong>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><\/p>\n The latest edition,\u00a0<\/span><\/strong>created by renowned artist Nina Chanel Abney,\u00a0<\/span>included 500 pieces of artwork intended to integrate the CryptoPunks<\/span><\/strong>\u00a0into the broader art world.<\/span><\/p>\n The initiative aimed to bridge the gap between the\u00a0<\/span>Web3<\/span><\/a>\u00a0ecosystem and traditional art by collaborating with world-class artists. However,\u00a0<\/span>the community\u2019s reaction was less than favorable,<\/span><\/strong>\u00a0with some members criticizing the new direction as \u201cwoke\u201d and not in line with the original Punk aesthetic.<\/span><\/p>\n In response to the outcry, Garga.eth (Greg Solano),<\/span><\/strong>\u00a0co-founder of Yuga Labs,<\/span>\u00a0expressed in a post that the company would end<\/span><\/strong>\u00a0all involvement with the NFT collection.\u00a0<\/span><\/p>\n gm,<\/p>\n 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 we see punks as the early cave paintings of this new medium, and we were heavily influenced by them when creating\u2026<\/p>\n — Garga.eth (Greg Solano) \ud83c\udf4c (@CryptoGarga) May 20, 2024<\/a><\/p><\/blockquote>\n\n
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\n<\/li>\n<\/ul>\nThe Controversial Super Punk World<\/span><\/h2>\n
Decentralization and Preservation of CryptoPunks<\/span><\/h2>\n
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