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Explore the influential role of Yuga Labs in shaping the NFT landscape with its array of popular collections like BAYC and Cryptopunks (Read More)
They appear to have authorized a malicious DApp to transfer their tokens, leading the assets to be drained immediately.
Yuga Labs has revealed plans to onboard MeebitsDAO general manager Danny Greene as the new brand lead for Meebits at Yuga Labs. (Read More)
Yuga Labs, the $4 billion startup behind the Bored Ape Yacht Club (BAYC), Bored Ape Kennel Club (BAKC), and Mutant Ape Yacht Club (MAYC) NFT collections, has announced that it shall start taking a 5% royalty fee on Meebits secondary sales.
The move will leave CryptoPunks being the only NFT collection owned by Yuga Labs that does not attract royalty fees on subsequent sales after the startup purchased the rights of both CryptoPunks and Meebits in March this year.
There are also speculations that Yuga Labs may also start taking loyalty fees on CryptoPunks soon.
Meebits and CryptoPunksBoth Meebits and CryptoPunks were initially products of Larva Labs before Yuga Labs purchased the rights.
Larva Labs has remained a popular entity within the crypto industry partly because of its capability of serving avatars in the
metaverse.
Yuga Labs facing accusationsAs Yuga Labs sets its eyes on increasing revenue, a law firm called Scott+Scott is accusing it of allegedly employing “celebrity boosters and endorsements to increase the price of the company’s NFTs and token.”
According to Scott+Scott, Yuga Labs is looking for those investors who “suffered losses in connection with the acquisition of Yuga Labs tokens or NFTs between April 2022 and June 2022.” In the litigation, the law firm also mentions ApeCoin (APE) a cryptocurrency linked to Bored Ape Yacht Club (BAYC) and Otherside metaverse project.
The post Yuga Labs to start taking a 5% royalty on Meebits secondary sales appeared first on Invezz.
There are concerns about market manipulation in the recent Yuga Labs acquisition of Meebits and CryptoPunk IP.
The post Yuga Labs acquisition of Meebits NFT IP reopen talks of market manipulation appeared first on CryptoSlate.
In the initial months of 2021, NFTs began to gain traction. Most of us here now understand what an NFT is and how it works. Meanwhile, next-generation technology has been disrupted by NFT projects, and also many software entrepreneurs are focusing their goods and services on developing a modern Web3 ecosystem. Larva Labs is an […]
The popular mobile game Benji Bananas will now become a play-to-earn game with the adoption of ApeCoin.
The post Benji Banana to become P2E game as Bored Ape floor price rises appeared first on CryptoSlate.
CryptoPunks was not the only NFT acquired by Yuga Labs (BAYC) last week. Meebits was also a part of the blockbuster deal. Today we dive into the other NFT project YL bought. Covered: What is Meebits? Meebits Integrated Market Where & How To Buy? What is Meebits? Meebits are a collection of 20,000 unique 3D […]
The post What is Meebits NFT? appeared first on CryptosRus.
The m&A era of crypto is in full swing thanks to Yuga Labs deal. Yuga Labs just got Boardwalk and Park Place — dewby (@mountaindewbyok) March 11, 2022 Bored Ape Yacht Club creator Yuga Labs announced that it has acquired the IP rights to Crypto Punks and Meebits from Larva Labs. The rights were previously […]
The post Ethereum-based Yuga Labs Swallows Up Competition appeared first on CryptosRus.
Top NFT art collections have become sort out commodities following the massive adoption of the Non-fungible tokens (NFTs) sub-sector this year. NFTs are digital representations [...]
Non-fungible tokens (NFTs) are the hot topic in the Crypto scene, attracting the attention of not only collectors but also galleries and known artists in the art market. As a result, more and more well-known artists are dabbling in crypto art. However, this has the drawback of no one having a solid understanding of them […]
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