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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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/dev_allo\/status\/1564066612705169408?ref_src=twsrc%5Etfw\n<\/div><\/figure>\n","post_title":"Eminem and Snoop Dogg Performed as Bored Apes at MTV Video Music Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eminem-and-snoop-dogg-performed-as-bored-apes-at-mtv-video-music-awards","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/minting-an-nft\/","post_modified":"2022-08-30 19:51:59","post_modified_gmt":"2022-08-30 09:51:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/MTV\/status\/1562832177234149376\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/dev_allo\/status\/1564066612705169408?ref_src=twsrc%5Etfw\n<\/div><\/figure>\n","post_title":"Eminem and Snoop Dogg Performed as Bored Apes at MTV Video Music Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eminem-and-snoop-dogg-performed-as-bored-apes-at-mtv-video-music-awards","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/minting-an-nft\/","post_modified":"2022-08-30 19:51:59","post_modified_gmt":"2022-08-30 09:51:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See related:<\/strong> Minting An NFT<\/a><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/MTV\/status\/1562832177234149376\n<\/div><\/figure>\n\n\n\n
\nhttps:\/\/twitter.com\/dev_allo\/status\/1564066612705169408?ref_src=twsrc%5Etfw\n<\/div><\/figure>\n","post_title":"Eminem and Snoop Dogg Performed as Bored Apes at MTV Video Music Awards","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eminem-and-snoop-dogg-performed-as-bored-apes-at-mtv-video-music-awards","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/nfts\/\nhttps:\/\/www.thedistributed.co\/minting-an-nft\/","post_modified":"2022-08-30 19:51:59","post_modified_gmt":"2022-08-30 09:51:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6741","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3986,"post_author":"1","post_date":"2022-03-18 23:32:52","post_date_gmt":"2022-03-18 12:32:52","post_content":"\n

ApeCoin<\/a>, the token linked to NFT collection Bored Ape Yacht Club<\/a> (BAYC), was down over 80% within the first 2 hours of its public offering.<\/p>\n\n\n\n

The token was first announced <\/a>yesterday through the ApeCoin Twitter account. <\/p>\n\n\n\n

The coin was released to the public today, within its first few hours it dropped from a high of $39.40 to a low of $6.48 according to CoinMarketCap data<\/a>. The cause of the 80% drop was an airdrop of the token to the holders of a Bored Ape NFT, who were quick to make free money from the coin. Although the coin has since recovered and is now sitting at $12.45.<\/p>\n\n\n\n

The owners of a Bored Ape NFT, were airdropped 10,000 APE tokens per NFT. 15% of the total supply was made available this morning with the release of the coin to the public. The remaining supply consists of 47% being sent to the Ape DAO<\/a> treasury, 16% to the parent company Yuga Labs, 14% to contributors of the launch, and the remaining 8% to the founders of BAYC.<\/p>\n\n\n\n

The release of the token comes mere days after the announcement that Yuga Labs purchased <\/a>an additional two NFT collections; Cryptopunks and Meebits. The token will support ApeCoin DAO, an organization that aims to put control in the hands of the community in regard to the NFT collection.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/apecoin\/status\/1504201557147070465\n<\/div><\/figure>\n","post_title":"ApeCoin Token Plummets 80% Within Its Opening Hours","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ape-token-plummets-80-within-its-opening-hours","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits\/\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-daos\/","post_modified":"2023-04-30 21:37:52","post_modified_gmt":"2023-04-30 11:37:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3986","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3890,"post_author":"1","post_date":"2022-03-13 19:50:24","post_date_gmt":"2022-03-13 08:50:24","post_content":"\n

Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has acquired CryptoPunks and Meebits from fellow developer Larva Labs.<\/p>\n\n\n\n

A joint<\/a> announcement<\/a> was made by Larva Labs and Yuga Labs on Twitter<\/a> on Friday evening.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?s=20&t=IyM-KDtJPh0WaI5XPfA10A\n<\/div><\/figure>\n\n\n\n

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<\/a> and 2nd<\/a> most valuable NFT collections on the market.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\"It\u2019s been amazing to watch the BAYC ecosystem use their rights to collaborate and build awesome shit we never could have dreamed up. We can\u2019t wait to see the Cryptopunks and Meebits communities do the same.<\/em>\"<\/p>Yuga Labs on Twitter<\/a><\/cite><\/blockquote>\n","post_title":"BAYC's Yuga Labs Acquires Rights To CryptoPunks And Meebits","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"baycs-yuga-labs-acquires-rights-to-cryptopunks-and-meebits","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:28","post_modified_gmt":"2022-03-14 10:05:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3890","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n