With the rising popularity of NFTs, the creator of the famous Bored Ape Yacht Club NFT collection has just bought the IP rights of both Meebits and Cryptpunks. After the purchase, the bottom price for both PUNKS and BAYC rose by 10%.
Yuga Labs just bought cryptopunks and meebits
According to ‘s tweet CoinGekkothe creator of BAYC, Yuga Labs, just bought the IP rights to both the Meebits collection and the Cryptopunks collection. In addition, the number of Meebits has increased by more than 23% in the past 24 hours.
With the acquisition of BAYC, many of the top NFTs have also increased in volume. The CoinGecko tweet announced the list, which includes the best NFT projects by market cap.
These are the best NFTs and their price changes
Bored Ape Yacht Club
Bottom price: 75.95 ETH
24-hour change: 11.7 percent increase
Market cap: 759,424.05 ETH
Total Assets: 9,999
Bottom price: 2,80279 ETH
24-hour change: 2.2 percent
Market cap: 466,280.55 ETH
Total assets: 166,363
Mutant Ape Yacht Club
Bottom price: 18.5 ETH
24-hour change: 17.8 percent
Market Cap: 332,944.5 ETH
Total assets: 17,997
In today’s news, @yugalabs the creator of BAYC has acquired the IP rights of Cryptopunks and Meebits.
The bottom price of BAYC and PUNKS is up +10% while Meebits is up more than +23% in the last 24 hours pic.twitter.com/lNpPtgFBT6
— CoinGecko (@coingecko) March 12, 2022
Also read: Top Social Engagement SOL NFT Games: All the Games You Need to Know
What Are Yugo Labs Plans For Cryptopunks And Meebits?
According to the announcement by Yugo Labs, they just bought both Cryptopunks and Meebits collections from the original owners, Larva Labs. As announced, the first thing the new owners intend to do is give the full commercial rights directly to the NFT holders.
This is the same thing Yugo Labs did for the owners of BAYC and MAYC owners.
Big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from @LarvaLabs, and the first thing we do is give the full commercial rights to the NFT holders. Just like we did for owners of BAYC and MAYC. pic.twitter.com/lAIKKvoEDj
— Yuga Labs (@yugalabs) March 11, 2022
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Written by Urian B.
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