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CoinMarketCap and nansen_ai looks at some of the most exciting events in the NFT space— from solana's largest NFT marketplace, MagicEden raising $27M, to warnerbros launching DCComics NFTs. Read more here 👇
Yuga Labs, the company behind the famed Bored Ape Yacht Club , has purchased the intellectual property rights of CryptoPunks and Meebits from Larva Labs. Could this be the breath of fresh air that CryptoPunks needs to thrive?since the beginning of the year, CryptoPunks has had a relatively silent year. For one, the creators of CryptoPunks have been very silent about IP rights, and this has fueled a lot of discontent in its community.
It appears things are about to change for CryptoPunk holders as Yuga Labs is set to grant a full commercial license to owners. The company said in a"With this acquisition Yuga Labs will own the CryptoPunks and Meebit brands and logos, and as they’ve done with their own BAYC collection, Yuga Labs will transfer IP, commercial, and exclusive licensing rights to individual NFT holders."
Yuga Labs was, however, quick to stress that its main focus is still on the Apes, at least for now. The company tweeted:
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