Yuga Labs Obtains Cryptopunks and Meebits Brands, Gives Commercial Rights to NFT Holders

Yuga Labs Obtains Cryptopunks and Meebits Brands, Gives Commercial Rights to NFT Holders

On Friday, Yuga Labs, the agency behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) assortment, introduced the corporate acquired the mental property behind the Cryptopunks and Meebits manufacturers. Furthermore, after acquiring the IP from Larva Labs, Yuga has determined to offer “full business rights to the NFT holders.”

Bored Ape Creators Yuga Labs Acquires Cryptopunks and Meebits Collections From Larva Labs

Last yr and in the course of the course of 2022, non-fungible tokens (NFTs) have seemingly turn out to be a mainstay throughout the crypto business. One of the groups behind the fifth-largest NFT assortment, by way of all-time gross sales quantity, Bored Ape Yacht Club, introduced the acquisition of the IP tied to 2 different widespread NFT collections. The two collections occur to be the Larva Labs’ issued Cryptopunks and Meebits collections.

From the official Yuga Labs Twitter account the staff tweeted:

Some massive information to share at present: Yuga has acquired the CryptoPunks and Meebits collections from Larva Labs, and the very first thing we’re doing is giving full business rights to the NFT holders. Just like we did for BAYC and MAYC homeowners.

‘What’s Good for Punks Is Good for Apes’

While BAYC is the fifth-largest NFT undertaking by all-time gross sales quantity (ATSV), dappradar.com NFT assortment stats point out Meebits holds the highest ATSV document at present with $7.54 billion in ATSV. Meebits’ sister undertaking Cryptopunks is beneath the gathering with $2.65 billion in ATSV, compared to BAYC’s ATSV which is ​​$1.41 billion. Yuga’s Mutant Ape Yacht Club (MAYC) is the ninth-largest by way of ATSV with $895.53 million on the time of writing.

Yuga’s Twitter thread on Friday notes that the staff has “at all times admired” Cryptopunks and the Larva Labs founders. “They’ve pushed NFTs and the broader crypto world ahead, and we’re honored to hold the manufacturers they’ve constructed into the longer term we’re constructing at Yuga,” the staff added. Yuga’s tweetstorm additional insists that the BAYC ecosystem “will stay the middle” of the agency’s universe.

“We consider that what’s good for Punks is nice for Apes and the remainder of the house. Likewise, what’s good for Apes is nice for Punks. We wish to develop the pie, not struggle over slices,” Yuga’s announcement concludes.

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