BAYC Floor Price Skyrockets 25% as Yuga Labs Buys CryptoPunks and Meebits Collections

Bored Ape Yacht Club NFT Collection saw its floor prices rise by 25% in less than one day. This move follows major developments by the company that made it possible.

Yuga Labs, the company responsible for the creation of the Bored Ape Yacht Club NFT collection, has revealed that they have acquired the CryptoPunks/Meebits intellectual property rights.

Today, we are excited to announce that Yuga acquired the IP rights for the CryptoPunks NFT collections and Meebits NFT collection from Larva Labs. We now have the brands, copyrights in the art and other IP rights for both collections, as well as 423 CryptoPunks, 1711 Meebits, and the IP rights to the rest.

The team explained that they will soon grant CryptoPunks owners the same commercial rights as BAYC and MAYC owner.

We don’t intend to shoehorn the NFT collections in the club model that we have developed for BAYC.

The sales of BAYC soared shortly thereafter. A prominent NFT whale noted that there were 14 sales in 90 mins, which saw the floor for the apes jump by 25% to 90ETH. That’s 14 sales in just 90 minutes. There was only one sale on LooksRare.

Why do people hate free money pic.twitter.com/rldT0NZFlV

— dingaling (@dingalingts) March 13, 2022

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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