On Sunday, Christie’s leader of non-fungible tokens (NFTs) revealed that he would be joining Yuga Labs as brand leader for its newly acquired CryptoPunks collection.
Davis was in charge of bringing Beeple’s ‘The First 5,000 Days’ to sale at Christie’s. The $69 million price tag generated news at the time of the sale in March 2021, putting Beeple “among the top three most valued living painters.”
“I really 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… I only know it will continue to be wild and weird. And I like it that way.”
Charlie’s NFT head will lead Crypto Punks
The Bored Ape Yacht Club was Yuga Labs’ main asset until recently (BAYC). However, in March of this year, the corporation purchased CryptoPunks’ intellectual property rights, a move that many assumed would imply that commercial rights would be handed over to NFT holders.
This sparked curiosity about the adjustments Yuga might make to the way NFTs may be used. Yuga promised at the time that it would not try to replicate the club concept it had built for BAYC but focus on adding value to Punk holders in various ways.
On Sunday, BAYC co-founder Garga said on Twitter that new terms for Punks would be released in the coming weeks.
The news of the recruitment comes as the CryptoPunk collection’s floor price and trading volume have skyrocketed. CryptoPunks sales volume reached $8 million in the previous 24 hours, up more than 230 percent from yesterday, according to statistics source Cryptoslam.
According to Coingecko statistics, the collection’s floor price began to rise even before the news was made on Twitter.