NFTs in 2021 After the explosion, it was seen that some companies behind them experienced a serious rise. CryptoPunks and released by the same company meebites collections are known as two of these.
Shining star lately Bored Ape Yacht Club Yuga Labs, behind the team, has recently taken a very ambitious step.
Two Major NFT Collections Acquired
Yuga Labs announced on Friday that it has officially acquired the copyrights of the CryptoPunks and Meebits NFT collections.
This means we have now acquired the trademarks, copyrights to their art, and copyrights and proprietary rights to the 423 CryptoPunks and 1711 Meebits NFTs. The first thing we will do is give NFT owners full commercial rights to them.”
CryptoPunks and Meebits investors will have the same commercial rights as Yuga Labs for their NFTs, according to this new news. Previously, both the CryptoPunks and Meebits teams restricted this and kept the commercial rights to themselves. It was emphasized that legal steps are currently being taken regarding this and that this will be done as soon as possible.
Matt Hall and John Watkinson, co-founders of Larva Labs, made a statement on the subject and emphasized that they will remain as their managers at Larva Labs.
Bored Apes and CryptoPunks are known as the two largest NFT collections the industry has ever seen and are now both owned by a single company.