Yuga Labs, the company behind one of the most popular NFT collections Bored Ape Yacht Club NFT series, has acquired CryptoPunks and Meebits from Larva Labs for an undisclosed sum. In a twitter announcement, Yuga Labs said that it would be granting CryptoPunks and Meebits owners intellectual property rights to their NFTs, similar to how Bored Ape owners have commercial rights to their apes, which partly contributed to the collection’s success. “It’s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can’t wait to see the Cryptopunks and Meebits communities do the same,” the company tweeted. Yuga Labs, however, stressed that its main focus will remain on the Bored Ape Yacht Club (BAYC) collection. 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 rights to the NFT holders. Just like we did for BAYC and MAYC owners. pic.twitter.com/lAIKKvoEDj — Yuga Labs (@yugalabs) March 11, 2022 Both Cryptopunks and Meebits Among Top NFTs With BAYC owners holding full intellectual property rights to their apes, holders took the opportunity to launch various Bored Ape-branded enterprises, including an Arizona Iced Tea ad campaign and a Gorillaz-inspired “metaverse band” from Universal Music Group. However, now that the IP rights of CryptoPunks will be cont...
