Christie’s head of NFT announced on Sunday that he is joining industry heavyweight Yuga Labs as head of the recently acquired CryptoPunks collection.
I’m humbled and honored to announce I’ll be leaving my current post in July to steward the CryptoPunks as Brand Lead under the umbrella of @yugalabs before I say anything else it’s important to confirm what we WON’T be doing… simply put: I WILL NOT FUCK WITH THE PUNKS… 🧵👇🏻
— Noah (@NonFungibleNoah) June 19, 2022
Noah Davis wrote on Twitter: “I really can’t overstate how amazing 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… I only know it will continue to be wild and weird. And I like it like that“.
At Christie’s, Davis was commissioned to auction Beeple’s work titled “The First 5,000 Days“. The sale made headlines at the time, in March 2021, for its $69 million price tag, a figure that placed Beeple”among the three most valuable living artists.”
Until recently, Yuga Labs’ flagship asset was the Bored Ape Yacht Club (BAYC). But in March this year, the company bought out the intellectual property rights from CryptoPunks. This led to speculation about what changes Yuga was going to make to the way people could use their NFTs. At the time, Yuga promised that she would not seek to emulate the club model she created for BAYC and that she would seek to add utility in other ways for Punk holders.
In his announcement, Mr. Davis pledged not to “piss” the CryptoPunks, adding that he was not going to feature the pixelated characters on lunch boxes or direct “crummy tv shows or movies“.
Punks, art, and other news 🧵
— Garga.eth (@CryptoGarga) June 19, 2022
BAYC co-founder Garga wrote on Twitter Sunday that new terms for the Punks would be in place within the next two weeks.
“Why are you late ?“, he added. “These terms were frankly too important to be rushed, and too impactful for the NFT community as a whole to risk developing them in silos.“.
“We are committed to taking a slow, thoughtful approach to Punks that takes into account community involvement and support. We are humbled to be stewards of this historic intellectual property, and we have the utmost confidence in Noah and the Punk community.”
The announcement of this hiring comes against the backdrop of a rapidly rising floor price and trading volume for the CryptoPunk collection. According to data provider CryptoslamCryptoPunks’ sales volume reached $10.4 million in the past 24 hours, an increase of over 230% from yesterday.
Punks are catching a serious bid: largest 24hr floor price rise in 2022.
Another ~30% until the BAYC/Punk un-flippening. pic.twitter.com/sNwgDAs9kC
—Luke Martin (@VentureCoinist) June 19, 2022
Additionally, the collection’s floor price had started skyrocketing even before the announcement hit Twitter, according to data from Coingecko.
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Christie’s NFT Manager Noah Davis Joins Yuga Labs as Manager of Popular NFT Collection, CryptoPunks | Cryptopunks | Cryptocurrency
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