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Yuga Labs New NFT Acquisition? CryptoPunks And Meebits

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Normally, a “major NFT acquisition” is a whale-sized buy, stuffing up big dollar NFTs in their wallet. However, this most recent headline-smashing acquisition news in the NFT space isn’t about a big whale purchase, but rather a broader project acquisition – the first of it’s kind at this level – by Yuga Labs.

The Bored Ape Yacht Club creators purchased the rights to the full slate of CryptoPunks and Meebits, according to an announcement. Punks and Meebits were created, and now sold off, by Larva Labs – and while terms of the acquisitions are not disclosed currently, it’s safe to assume that Larva received substantial compensation.

All-Star Acquisition

Yuga’s portfolio of Bored Ape Yacht Club, CryptoPunks, and Meebits secures the team as overseers of arguably the three biggest projects in NFTs.

The move was a hot topic in the hours leading up to the announcement, and there’s been interesting activity (for CryptoPunks in particular) since the announcement. According to crypto analytics firm Nansen, all three of the NFT projects…

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