This week’s Nifty News round up follows a weekend full of Yuga Labs announcements, the start of Austin’s SXSW conference and added NFT support for 1inch Wallet users.
Yuga Labs acquires CryptoPunks and Meebits
Yuga Labs, creator of Bored Ape Yacht Club, or BAYC, announced its acquisition of the Intellectual Property, or IP, of the CryptoPunks and Meebits NFT collections from Larva Labs. By adding these brands to their portfolio, Yuga Labs now owns copyright in the art, along with 423 CryptoPunks and 1711 Meebits.
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
CryptoPunks’ terms and conditions, unlike BAYC, previously restricted the transfer of IP, copyright or trademark to Punk owners. That’s why Yuga Labs decided to give full commercial rights to NFT holders to enable “developers and community creators to incorporate CryptoPunks…
