BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.

A joint announcement was made by Larva Labs and Yuga Labs on Twitter on Friday evening.

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

Yuga Labs “now own the brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits” according to their announcement. This means that they own both the 1st and 2nd most valuable NFT collections on the market.

Yuga Labs plans to grant the commercial rights to all CryptoPunk and Meebit NFTs to their owners, as has been done for BAYC owners. This still means that Yuga Labs owns the collection and will “be building the overall brand right alongside them”, but each NFT owner can monetize their specific ape.

“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.“
Yuga Labs on Twitter

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