After obtaining the IP from Larva Labs, Yuga has decided to give “full commercial rights to the NFT holders.” BAYC CryptoPunks Meebits
, announced 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.Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from Larva Labs, and the first thing we’re doing is giving full commercial rights to the NFT holders. Just like we did for BAYC and MAYC owners.While BAYC is the fifth-largest NFT project by all-time sales volume , dappradar.
There are 10,000 different Cryptopunk non-fungible tokens issued on the Ethereum blockchain. The collection was launched in June 2017 by Larva Labs, the NFT studio crafted by the Meebits and Cryptopunks co-creators John Watkinson and Matt Hall. Yuga’s Twitter thread on Friday notes that the team has “always admired” Cryptopunks and the Larva Labs founders. “They’ve pushed NFTs and the broader crypto world forward, and we’re honored to carry the brands they’ve built into the future we’re building at Yuga,” the team added. Yuga’s tweetstorm further insists that the BAYC ecosystem “will remain the center” of the firm’s universe.
“We believe that what’s good for Punks is good for Apes and the rest of the space. Likewise, what’s good for Apes is good for Punks. We want to grow the pie, not fight over slices,” Yuga’s announcement concludes.
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