Noah Davis, an expert on NFTs at Christie’s auction house has announced that he is quitting them. He is going to take up a new job at Yuga Labs as the lead for the CryptoPunks brand and help with this new NFT collection. He made this announcement on Sunday June 19th on his Twitter account. This was done with a view to allay holder anxieties on the future of the oldest NFT project.
He issued an invitation to owners of the CryptoPunk NFT holders to set up a time so that they could talk about the future of this project in NYC. He also said that this new job would not take his time and attention away from his NFT project of his. Davis is the person responsible for generating record-breaking revenues for the Beeple Everyday’s auction. It generated $69 million in the month of March in 2021.
What to expect
Since Yuga Labs has bought the IP rights of the CryptoPunks collection in March from Larva Labs, the idea is to turn over commercial rights to owners. This promise was made a while ago and is yet to see fruition.
Yuga Labs’ co-founder Gargamel talked about this delay by tweeting on Sunday. He said that it was too important to rush the process of turning over rights to owners. According to information in the tweets, he said that new T&C will be released in the next two weeks. Davis’ move to Yuga labs and information on new terms has some people alleging insider information and trading. Many are waiting to see what will happen before and after Davis takes up the new post.
