2 years ago
After 24 hours of rumors and online speculation, Yuga Labs, the institution liable for the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from the developer Larva Labs.
"We present ain the brands, copyright successful the art, and different IP rights for some collections, on with 423 CryptoPunks and 1711 Meebits," reads Yuga Labs' blog post.
Larva Labs says it volition clasp the rights to its different large NFT collection, Autoglyphs, "as good arsenic a radical of our favourite Punks and Meebs."
Bored Ape Yacht Club is the astir invaluable NFT postulation successful crypto; CryptoPunks are the 2nd astir valuable.
Yuga Labs besides says it plans to assistance the commercialized rights to each CryptoPunk and Meebit images to their respective owners. The institution has already done this for Bored Ape owners – Yuga Labs owns the Bored Ape Yacht Club, but each token holder is escaped to monetize their circumstantial ape. Holders person utilized that thought to rotation disconnected their ain NFT collections based connected peculiar apes, oregon to sign their apes with large grounds labels.
In February, the institution was reported to beryllium successful talks with the VC powerhouse Andreessen Horowitz astir an concern that would worth it astatine astir $5 billion.
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Will Gottsegen is CoinDesk's media and civilization reporter. He holds ETH and 2 NFTs supra CoinDesk's disclosure threshold of $1000.
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