Noah Davis, a key member at auction house Christie’s non-fungible token (NFT) project, has stated that he’s leaving the position as specialist and head of digital in July to take up a post as brand lead for the CryptoPunks NFT collection with Yuga Labs. Announcing the move on Sunday in a Twitter thread, Davis said in one of his tweets, “If you’re a Punk holder and you care about the legacy/future of the brand, I wanna talk one-on-one. I’ll be at the Punks Brunch during NFT NYC and begin scheduling sit-downs immediately. Wherever Punks go, the community will help guide us.”
Davis was in charge of Beeple’s record-breaking “Everyday: The First 5000 Days” NFT auction, which sold for over $69 million (roughly Rs. 536 crores) in March 2021. The sale created a lot of buzz and spotlight regarding NFTs. It was validation that digital art could be bought and sold at high valuations from respected auction houses that deal with world-class art and luxury products for high-end clientele. With the success of its first NFT sale, Christie’s decided to auction more digital tokens afterward.
What does that mean? It means no Punks on lunchboxes or cringe TV shows/shitty movies. It means no arbitrary rushed utility or thoughtless airdrops. It means if you love your Punk(s) because they are what they are (just Punks), then you and I see eye to eye…
— Noah (@NonFungibleNoah) June 19, 2022
Finally, this announcement does NOT mean I’ll be bowing out of either the ongoing @MAPS benefit auction or my passion project @HOWLERZNFT which still has a final chapter to be written…
— Noah (@NonFungibleNoah) June 19, 2022
I can’t overstate how incredible this journey out of the old Art World and into Web3 has been, and I can’t wait to see where the road ahead leads… Onward, upward and Long Live the Punks ???? I only know it will continue to be wild and weird. And I like it that way.
— Noah (@NonFungibleNoah) June 19, 2022
Yuga Labs acquired the intellectual property of the CryptoPunks collection from Larva Labs in March, saying it would transfer full commercial rights to the owners, a promise yet to be realized.
But Yuga Labs co-founder Wiley Aronov, also known as “Gargamel,” signaled the stoppage in a series of tweets on June 19, writing that it was “too important to rush” and that the new terms “would be in place in the next couple of weeks.”
With the announcement of Davis’ move and the new terms coming into effect soon, some claim insiders knew the collection’s growing sales volume ahead of time.
According to OpenSea, 39 sales of the CryptoPunks collection have taken place since the announcement, with 101 deals on Sunday, up from the only 19 sold the day prior, on Saturday.
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