The head of Christie's digital sales, Noah Davis, recently revealed through Twitter that he was quitting the prestigious auction house to oversee Yuga Labs' CryptoPunks NFTs. Beginning in July, Davis will assume the responsibilities of "Brand Lead" for CryptoPunks.
Davis reiterated to those keeping track of the Punks IP's progress that he has no plans to significantly change what Yuga Labs, his new employers, have already accomplished with the project and that, like many others, he already admires Punks for who they are rather than what they might develop into.
In order to demonstrate his dedication to the needs of the neighbourhood, Davis also suggested scheduling a meeting with the proprietors of Punks at NFT.NYC to discuss their future plans for the project.
Given Yuga Labs' immense power in the NFT sector, Punks holders will have a lot of alternatives available to them, but their main drive will likely be for the project to finally fulfil its promise to transfer all economic rights to its community holders.
Following the announcement, 39 CryptoPunks—more than twice as many as were sold on Saturday—were sold on Sunday. Since then, some enquiring members of the community have questioned if the abrupt surge in trade activity may have been caused by insider knowledge.
Some well-known NFT auctions were brought to Christie's in 2021 by Noah Davis. Notably, Davis had a key role in the record-breaking $69 million sale of Beeple's "The First 5000 Days" NFT.
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