Yuga Labs Obtains Cryptopunks and Meebits Brands, Gives Commercial Rights to ...
On Friday, Yuga Labs, the firm behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, announced 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....
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The creators of Bored Ape Yacht Club are the new owners of CryptoPunks and Meebits brands, while The San Antonio Spurs celebrate its "winningest" basketball coach with NFTs. This week's Nifty News round up follows a weekend full of Yuga Labs announcements, the start of Austin's SXSW conference and added NFT support for 1inch Wallet users.Yuga Labs acquires CryptoPunks and MeebitsYuga Labs, creator of Bored Ape Yacht Club, or BAYC, announced its acquisition of the Intellectual Property, or IP, of the CryptoPunks and Meebits NFT collections from Larva Labs. By adding these brands to their....
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has officially released the intellectual property (IP) rights tied to the Cryptopunks and Meebits NFTs. The company acquired the IP rights to the NFT collections in mid-March 2022, and owners can use their NFTs for commercial or personal purposes. Yuga Labs Releases Intellectual Property Licenses to Cryptopunks and Meebits Owners On March 12, 2022, Bitcoin.com News reported on the Cryptopunks and Meebits non-fungible token (NFT) collections being acquired by Yuga Labs. The firm Yuga Labs is....
Led by Andreessen Horowitz, the seed round is one of the largest funding deals in the nonfungible token market. Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) and new owners of the CryptoPunks and Meebits brands, announced it is now valued at $4 billion after its latest $450 million seed funding round. VC firm Andreessen Horowitz, or a16z, led the company's first institutional investment, marking one of the largest seed rounds for any nonfungible token (NFT) collection to date. Other investors included Animoca Brands, FTX and MoonPay, as well as LionTree, Sound Ventures and Thrive....
Normally, a “major NFT acquisition” is a whale-sized buy, stuffing up big dollar NFTs in their wallet. However, this most recent headline-smashing acquisition news in the NFT space isn’t about a big whale purchase, but rather a broader project acquisition – the first of it’s kind at this level – by Yuga Labs. The Bored […]
Solana NFT volume surged to $130 million in September and Gary Vaynerchuck’s VeeFriends are set to be released as collectibles at Macy’s and Toys “R” Us. Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and thrive.”The team revealed seven council members in an Oct. 5 blog post, noting that they are all OGs who have been around since the early days of the BAYC. Yuga Labs said it assembled a new community council made up of “Apes with a proven track record of proactively and positively contributing to the club since the start.” The members....