{"id":58712,"date":"2022-03-13T10:35:17","date_gmt":"2022-03-13T08:35:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58712"},"modified":"2025-09-04T18:11:13","modified_gmt":"2025-09-04T15:11:13","slug":"bored-ape-yacht-club-creators-acquire-rights-to-cryptopunks-and-meebits","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bored-ape-yacht-club-creators-acquire-rights-to-cryptopunks-and-meebits\/","title":{"rendered":"Bored Ape Yacht Club creators acquire rights to CryptoPunks and Meebits"},"content":{"rendered":"<p>The company behind the NFT collection Bored Ape Yacht Club (BAYC), Yuga Labs, has acquired the intellectual property rights to the CryptoPunks and Meebits tokens from Larva Labs. Financial terms of the deal were not disclosed.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from <a href=\\\"https:\/\/twitter.com\/larvalabs?ref_src=twsrc%5Etfw\\\">@LarvaLabs<\/a>, and the first thing we\u2019re doing is giving full commercial rights to the NFT holders. Just like we did for BAYC and MAYC owners. <a href=\\\"https:\/\/t.co\/lAIKKvoEDj\\\">pic.twitter.com\/lAIKKvoEDj<\/a><\/p>\n<p>\u2014 Yuga Labs (@yugalabs) <a href=\\\"https:\/\/twitter.com\/yugalabs\/status\/1502420714527334406?ref_src=twsrc%5Etfw\\\">March 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Under the agreement, Yuga Labs acquired the copyright to the tokens of the specified collections, as well as 423 CryptoPunks and 1,711 Meebits.<\/p>\n<p>According to the press release, the company intends to grant intellectual, commercial, and exclusive licensing rights to individual NFT holders. &#8220;In the near term,&#8221; holders will receive expanded privileges.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;We\u2019re not rushing to do anything. We\u2019re simply handing people the rights, seeing what they create, and listening,&#8221; said the co-founders of Yuga Labs, who go by the pseudonyms Gordon Goner and Gargamel.<\/p>\n<\/blockquote>\n<p>Similar terms apply to the BAYC collection, which some token holders have already exploited. For example, Arizona Iced Tea <a href=\\\"https:\/\/twitter.com\/DrinkAriZona\/status\/1428805448031948800?s=20&#038;t=1vzWuazi3IrJLd_ojkT_qw\\\">launched<\/a> a marketing campaign with NFTs, and Universal Music Group introduced a musical group composed of \\&#8221;bored apes\\&#8221;.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">NEWSFLASH: UMG\u2019s next-gen label 10:22PM forms KINGSHIP, the First-Ever Group Consisting of NFT Characters from Bored Ape Yacht Club.\ud83d\udc12 <a href=\\\"https:\/\/t.co\/zMSAq4HI2Z\\\">pic.twitter.com\/zMSAq4HI2Z<\/a><\/p>\n<p>\u2014 Universal Music Group (@UMG) <a href=\\\"https:\/\/twitter.com\/UMG\/status\/1458905852392325130?ref_src=twsrc%5Etfw\\\">November 11, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In a statement, Yuga Labs stressed that the company\u2019s primary focus is on developing the BAYC collection, which &#8220;will remain the centre of the ecosystem.&#8221;<\/p>\n<p>According to CryptoSlam, NFTs from the CryptoPunks and BAYC collections are among the most in demand on the market. The aggregate sales volume of the former stands at $2.11 billion, the latter at $1.41 billion. Leading the sector is the <span data-descr=\\\"play to earn; gamers earn cryptocurrencies and NFTs through in-game activity\\\" class=\\\"old_tooltip\\\">P2E<\/span> game Axie Infinity \u2014 its metric exceeds $4 billion.<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"903\\\" height=\\\"501\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/nft-8.png\\\" alt=\\\"The creators of the Bored Ape Yacht Club acquire rights to CryptoPunks and Meebits\\\" class=\\\"wp-image-167491\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/nft-8.png 903w, https:\/\/u1f987.com\/wp-content\/uploads\/nft-8-300x166.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/nft-8-768x426.png 768w\\\" sizes=\\\"auto, (max-width: 903px) 100vw, 903px\\\" \/><figcaption>Data: CryptoSlam.<br \/><\/figcaption><\/figure>\n<p>As reported in February by the Financial Times, Yuga Labs <a href=\"https:\/\/u1f987.com\/en\/news\/media-reports-that-bored-ape-yacht-club-founders-plan-to-raise-funding-from-a16z\">to attract investment from Andreessen Horowitz<\/a> at a valuation of $4 billion\u2013$5 billion.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 crypto news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company behind the NFT collection Bored Ape Yacht Club, Yuga Labs, has acquired the intellectual property rights to the CryptoPunks and Meebits tokens from Larva Labs. Financial terms of the deal were not disclosed.<\/p>\n","protected":false},"author":1,"featured_media":58713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1356,1432,1213],"class_list":["post-58712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bored-ape-yacht-club","tag-cryptopunks","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58712"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58712\/revisions"}],"predecessor-version":[{"id":58714,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58712\/revisions\/58714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58713"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}