Yuga Labs Now Owns Rights To CryptoPunks, Meebits NFT Collection
- Larva Labs sold CryptoPunks and Meebits NFT to Bored Ape creators.
- Yuga now controls NFTs with around $5.5 billion in market cap.
- CryptoPunks and Bored Ape are the world’s most valuable NFT collections.
Yuga Labs, the NFT platform which created Bored Ape Yacht Club, obtained the Intellectual Property (IP) rights to the CryptoPunks and Meebits collections. In detail, Yuga Labs is now controlling NFTs having nearly $5.5 billion market capitalization.
Notably, Bored Ape and CryptoPunks are famous for providing the most valuable NFT collections in the world.
Yuga Labs tweeted a post stating it has acquired the CryptoPunks and Meebits collection from Larva Labs, creators of CryptoPunks. By this, Yuga will first give full commercial rights to NFT holders.
Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from @LarvaLabs, and the first thing we’re doing is giving full commercial ri ...
Read more: https://coinquora.com/yuga-labs-now-owns-rights-to-cryptopunks-meebits-nft-collection/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
