On Friday, Yuga Labs, the agency behind the Bored Ape Yacht Membership (BAYC) non-fungible token (NFT) assortment, introduced the corporate acquired the mental property behind the Cryptopunks and Meebits manufacturers. Moreover, 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
Final 12 months 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 many groups behind the fifth-largest NFT assortment, when it comes to all-time gross sales quantity, Bored Ape Yacht Membership, introduced the acquisition of the IP tied to 2 different widespread NFT collections. The 2 collections occur to be the Larva Labs’ issued Cryptopunks and Meebits collections.
From the official Yuga Labs Twitter account the group 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. Similar to we did for BAYC and MAYC homeowners.
‘What’s Good for Punks Is Good for Apes’
Whereas BAYC is the fifth-largest NFT mission by all-time gross sales quantity (ATSV), dappradar.com NFT assortment stats point out Meebits holds the highest ATSV file at present with $7.54 billion in ATSV. Meebits’ sister mission Cryptopunks is under the gathering with $2.65 billion in ATSV, compared to BAYC’s ATSV which is $1.41 billion. Yuga’s Mutant Ape Yacht Membership (MAYC) is the ninth-largest when it comes to ATSV with $895.53 million on the time of writing.
Yuga’s Twitter thread on Friday notes that the group has “all the time 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 group 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 sweet for Apes and the remainder of the area. Likewise, what’s good for Apes is sweet for Punks. We wish to develop the pie, not combat over slices,” Yuga’s announcement concludes.
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