Yuga Labs Obtains Cryptopunks and Meebits Brands, Gives Commercial Rights to NFT Holders – Bitcoin News - BitcoinEthereumNews.com
On Friday, Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, anounced the company acquired the intellectual property behind the Cryptopunks and Meebits brands. Furthermore, after obtaining the IP from Larva Labs, Yuga has decided to give “full commercial rights to the NFT holders.” Bored Ape Creators Yuga Labs Acquires Cryptopunks and Meebits Collections From Larva Labs Last year and during the course of 2022, non-fungible tokens (NFTs) have seemingly become a mainstay within the crypto industry. One of the teams behind the fifth-largest NFT collection, in terms of all-time sales volume, Bored Ape Yacht Club, anounced the acquisition of the IP tied to two other popular NFT collections. The two collections happen to be the Larva Labs issued Cryptopunks and Meebits collections. From the official Yuga Labs Twitter account the team tweeted: Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from Larva Labs, and the first thing were doing is giving full commercial rights to the NFT holders. Just like we did for BAYC and MAYC owners. ‘What’s Good for Punks Is Good for Apes While BAYC is the fifth-largest NFT project by all-time sales volume (ATSV), dappradar.com NFT collection stats indicate Meebits