Fri. Jul 1st, 2022

Bored Ape Yacht Club creator Yuga Labs has broadcast on Friday that they have gotten the rights of NFT collection CryptoPunks and Meebits from Larva Labs. This means that Yuga Labs at present owns 423 CryptoPunks and 1711 Meebits.

BAYC is a widespread collection of 10,000 unique bored NFT apes made by Yuga Labs. It has created more than $1 billion in whole trades among celebrities grouping into the NFT bandwagon.

Bored Apes and CryptoPunks NFT collections are the supreme sold NFTs. Both the collections grasp a mutual worth at least of some $3.6 billion at existing prices.  We have extensively appreciated CryptoPunks, and the effort of the project’s founders, Matt & John.

They have driven NFTs to the wider crypto world advancing, and we are pleased to take the brands they have built into the future we are creating at Yuga,” a tweet from the Yuga Labs Twitter account recites.

According to Yuga Labs, this agreement comes after exchanges took place between Guy Oseary and the Larva Labs founders. One call led to another and here we are at this significant moment, Yuga Labs alleged in a blog post.

Yuga Labs are the creators of the recent profile picture project and the best in the world at functioning these projects. They are the supreme factors of the CryptoPunks and Meebits.

In their hands, we are assured that they will continue to be dynamic, thriving projects in the evolving decentralized web,” Matt Hall and John Watkinson, co-founders of Larva Labs, CryptoPunks and Meebits alleged in a combined report.

Meanwhile, this achievement does not mean that the co-founder of CryptoPunks and Meebits are linking to Yuga. They are getting to last consecutively with Larva Labs and will preserve doing what they are doing.

While we will effort to carry additional value for both the CryptoPunks and Meebits collections, we expect to execute as an attentive curator. We are not in a haste here. We all be listening to the community before we decide what comes next, Yuga Labs added in the blog post

In other news, the BAYC NFT collection broadcast that it has funded $1 million in Cryptocurrency Ethereum to Ukraine’s official crypto wallet address. This helps grow in support of Ukraine after Russia’s invasion of Ukraine.

BAYC NFT is held by famous celebrities, such as basketball icon Steph Curry, music artist Post Malone, and even American TV host Jimmy Fallon. More lately, rap artist Eminem is the newest to jump into the NFT trend with his first BAYC buying that cost 123.45 Ether worth $452,000.

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